Property Overview: 614 Edison Avenue, Winnipeg
Key Characteristics & Appeal
This home at 614 Edison Avenue in the Rossmere-A neighborhood is a well-positioned property that offers solid value within its context. Built in 1960, it features 1,110 square feet of living space on a 4,997 sqft lot, with a current assessed value of $345,000.
The primary appeal lies in its strong positioning relative to its immediate surroundings. The living area is above average for Edison Avenue itself (ranking in the top 30%), and its assessed value is also above the street's average. This suggests the home is a competitive and potentially well-maintained offering on its specific block. The lot size, while smaller than many on the street, is closer to the citywide average, which may appeal to buyers seeking a manageable yard without excessive upkeep.
This property would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a stable, established neighborhood over a brand-new build. It’s for someone who understands that a home ranking well on its own street can be a smarter indicator of day-to-day livability and pride of ownership than broader city comparisons. The data indicates you’re buying into a consistent and mature part of Rossmere-A, where homes from the early 1960s are the norm.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home last sold in December 2021 for between $350,000 and $400,000. The current assessed value of $345,000 is in line with that recent sale range, indicating stable market value.
2. Is the lot size a disadvantage?
While the lot is smaller than many on Edison Avenue, it is near the citywide average. This could mean less maintenance and lower landscaping costs, which some buyers may prefer.
3. How does this home truly compare to others in the area?
The data shows it holds its own. Its living space and assessed value rank above average for its street, suggesting it compares favorably to its direct neighbors, which is often the most relevant comparison.
4. What is the typical home like in this immediate area?
Based on the listed comparable properties, the immediate area consists primarily of homes built around 1960, with living areas commonly between 1,000 and 1,150 sqft and assessed values ranging from the high $200,000s to mid-$300,000s. This home fits squarely within that profile.
5. Where can I see more detailed neighborhood comparisons?
You can open the dedicated neighbourhood analysis page for this property to view an interactive map and compare year built, living area, value, and lot size in detail with nearby houses.