Property Overview: 95 Gemini Avenue, Winnipeg
Key Characteristics & Appeal
This 1970-built home in Rossmere-A presents a straightforward, value-oriented opportunity. Its key characteristic is its compact size, with 786 sq ft of living space, which is notably smaller than most homes on its street and in the wider area. This is reflected in its assessed value of $317k, which sits below the street average but aligns closely with the neighborhood and city averages for comparable properties.
The appeal lies in its efficiency and potential as an entry point into the market. The lot size of 5,198 sq ft is consistent with the area, offering standard outdoor space. Recent sales data indicates it last sold for between $250k-$300k in early 2023, suggesting a historically accessible price point. This property would suit first-time buyers or investors looking for a lower-cost foothold in a stable neighborhood. It may also appeal to those seeking a minimalist lifestyle or a manageable property without the upkeep of a larger home. A less obvious perspective is that its smaller footprint could mean relatively lower utility and maintenance costs, and its "around average" valuation in the broader context suggests it's priced in line with fundamentals, not speculation.
Frequently Asked Questions
1. Is this house significantly smaller than its neighbors?
Yes. At 786 sq ft, the living area ranks in the bottom 2% on its own street and bottom 6% citywide compared to similar homes. This is its most defining characteristic.
2. How does the assessed value compare?
At $317k, it's below the average for Gemini Avenue but ranks near the middle (64th percentile) for the Rossmere-A neighborhood, indicating it's more typical when viewed in the immediate local context rather than just its own block.
3. When was it last sold and for how much?
It sold in January 2023. Public data shows a price range of $250,000 to $300,000; the exact sale price is available by request from the listing source.
4. What are similar homes in the area worth?
Nearby comparable homes from the 1960s and 1970s with slightly more living space (typically 1,050-1,200 sq ft) have current assessed values ranging from approximately $332k to $373k.
5. Is the lot size a positive feature?
The lot is just under 5,200 sq ft, which is slightly below the street average but very typical for the Rossmere-A neighborhood, offering a standard-sized yard for the area.