Property Overview
This 1960-built home on Mark Pearce Avenue in Winnipeg's Rossmere-A neighborhood presents a practical opportunity. With 1,020 sqft of living space, it sits on a slightly larger-than-average 6,047 sqft lot for the immediate area. Its current assessed value is $320k, which is below the average for its street but aligns closely with neighborhood and citywide benchmarks for similar homes. The property last sold in late 2019 for between $200k-$250k.
Key Characteristics & Appeal
The primary appeal of this property lies in its established neighborhood setting and its lot size. The home itself is modest in size compared to the Winnipeg average, but it sits on a parcel of land that ranks above average for both the street and the wider city. This suggests potential for outdoor space or future expansion, subject to local regulations. Its assessed value being below the street average could indicate room for value growth, especially if the home has been updated. The home is older, but its 1960 build date is actually newer than many on its specific street.
This home would suit a first-time buyer or a downsizer looking for a manageable footprint in a mature neighborhood. It’s a candidate for someone comfortable with a home that may require updates, but who values a larger lot over a larger house. The data suggests it's a competitively priced entry point into the area.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value ($320k) is for municipal tax purposes and is a starting point. The final sale price is determined by the market. The fact it's below the street average suggests it could be priced competitively, but its last known sale price was significantly lower in 2019.
2. Is the living space too small?
At 1,020 sqft, it's smaller than the Winnipeg average. However, it's very close to the average for both Mark Pearce Avenue and the Rossmere-A neighborhood, indicating the homes in this specific area are typically of this scale. It's a compact layout suited for individuals, couples, or small families.
3. What does the lot size ranking actually mean?
The lot is 6,047 sqft. It ranks in the top 21% on its street and top 30% citywide for comparable homes, meaning it's genuinely larger than many others. This is a standout feature offering more yard space than typical.
4. The home was built in 1960. What should I be concerned about?
As with any home of this age, systems like plumbing, electrical, and the roof may be at or beyond their typical lifespan. A thorough inspection is essential. On a positive note, the data shows it's one of the newer homes on its block.
5. How can I find out the exact price it last sold for?
The public data shows a range ($200k-$250k in late 2019). To obtain the precise sale price, you would need to contact the website or consult a real estate professional who has access to the full transaction history.