Property Overview: 582 Mark Pearce Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition within the Rossmere-A neighborhood. Its key characteristic is a contrast between a modest, 966 sqft living area—which is below average for the street, area, and city—and a proportionally large, 6,047 sqft lot that ranks above average. Built in 1960, it is typical for the area. The assessed value of $357k is notably above average for its immediate street and neighborhood, suggesting the property is valued more for its land and location than its interior size.
The appeal lies in this very balance. It suits a buyer looking for a manageable, lower-maintenance home on a generous lot in an established area, offering clear potential for expansion, gardening, or outdoor space. It would also suit a value-conscious purchaser who prioritizes location and land over square footage, as the price reflects a premium for the lot within its local context. A less obvious perspective is that a smaller home on a larger lot in a consistent neighborhood can represent a more stable and predictable investment, as the land component holds intrinsic value less subject to the wear and trends of the structure itself.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 966 sqft, the living area is compact and below the local averages. It would best suit individuals, couples, or small families comfortable with efficient living spaces or those with plans to renovate or expand.
2. Why is the assessed value high for a smaller home?
The assessment reflects the property as a whole, not just the house. The above-average value ranking on the street and in the neighborhood is primarily driven by the larger-than-average lot size, a significant factor in property valuation.
3. What is the likely condition of a 1960s home?
Being built in 1960, buyers should budget for updates to major aging components like roofing, windows, plumbing, and electrical systems. A thorough professional inspection is essential.
4. How was the last sale price determined?
Public data indicates it last sold between $300k-$350k in August 2021. For verified, exact historical sale figures, you must request a manual lookup from the site via email, as they do not display MLS records.
5. How does the lot size compare to nearby properties?
The lot is 6,047 sqft, which is larger than most on its street and in the Rossmere-A area. This is a key differentiator, offering more private outdoor space than many comparable properties.