589 Edison Avenue

Property Overview: 589 Edison Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 589 Edison Avenue in the Rossmere-A neighborhood is a practical, no-frills property that represents a straightforward entry point into Winnipeg’s housing market. Built in 1960, it’s a home of its era, offering a manageable 936 sqft of living space on a standard 5,247 sqft lot. The data positions it consistently below average in size for its street, neighborhood, and city, but its assessed value for taxes ($307,000) is notably closer to the citywide average, suggesting the value is tied more to location and land than to the dwelling’s scale.

Its primary appeal lies in affordability and potential. For a first-time buyer, downsizer, or investor, it offers a lower price threshold in a stable, established community. The lot size, while not oversized, is typical for the area and provides adequate outdoor space. A thoughtful perspective is that its smaller footprint can mean lower utility costs and less maintenance, a practical advantage for budget-conscious owners. This property would best suit a buyer looking for a functional starter home, a hands-on investor open to gradual updates, or someone seeking a modest, low-maintenance base in a mature neighborhood without the premium of a larger, modernized house.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to recent sales in the area?
Based on available data, a home on this street with similar attributes sold in 2016 for between $200,000 and $250,000. For precise, current sales history, you would need to request that information directly from the site provider, as they do not publish full MLS records.

2. Is the living space significantly smaller than other homes nearby?
Yes. At 936 sqft, the living area is smaller than about 80-87% of comparable homes in Winnipeg, Rossmere-A, and on Edison Avenue itself. This confirms it as a compact, efficient layout.

3. What does the assessed value tell me about the property?
The $307,000 assessment is used for calculating property taxes. It is below the street and neighborhood average but closer to the citywide average. This can indicate that the land value or location factors are balancing the smaller dwelling size, and your property taxes may be relatively moderate for the city.

4. The home was built in 1960. What should I consider?
This age is typical for the street and area. It means potential maintenance or updates (like roofing, windows, plumbing, or electrical systems) could be due or on the horizon. A thorough inspection is essential to understand the home’s condition and any needed investments.

5. Who are the most likely neighbors or comparable properties?
The immediate neighbors are similar-sized homes from the same early-1960s period, like those at 585 and 577 Edison Avenue. This consistency suggests a neighborhood with a uniform character and likely similar homeowner profiles, such as long-term residents or young families.