Property Overview
96 Gemini Avenue is a well-established home in Winnipeg's Rossmere-A neighborhood. Built in 1971, it presents a solid opportunity in a mature community. The home's key appeal lies in its strong positioning within its immediate area rather than just citywide averages. It offers a practical blend of space and value, particularly for those seeking a stable, long-term residence.
Key Characteristics & Appeal
This 1,343 sqft home sits on a 6,049 sqft lot, which is notably larger than most on its street and in the Rossmere-A area. Its assessed value of $368k is above the neighborhood average, yet it remains positioned below the citywide average for comparable homes. This creates an interesting value proposition: you get more house and land for your money relative to the immediate community.
The appeal is rooted in its above-average standings at the hyper-local level. The lot size ranks in the top 10% on Gemini Avenue, the living area is in the top 18% on the street, and the home is newer than most in the neighborhood. It last sold between $300k-$350k in mid-2016, suggesting a history of steady value. This property would suit pragmatic buyers—growing families or downsizers—who prioritize space, a established neighborhood character, and a home that stands out positively on its own block without the premium of a citywide "hot" market. It’s for someone who values community footing over chasing trends.
Frequently Asked Questions
1. How does the assessed value compare to recent sales?
The home is assessed at $368k. The last known sale was between $300k and $350k in May 2016. To understand current market value, comparing this assessment with recent, exact sale prices of similar homes in Rossmere-A is essential.
2. Is the living space larger than nearby homes?
Yes. With 1,343 sqft, this home offers more living area than approximately 82% of comparable homes on Gemini Avenue and 88% of those in the Rossmere-A neighborhood.
3. What does the lot size mean for potential use?
The lot of 6,049 sqft is larger than about 90% of lots on its street. This provides more private outdoor space than is typical for the area, allowing room for gardening, play, or additions, subject to local bylaws.
4. The home was built in 1971. What should I consider?
While newer than many homes in Rossmere-A, a 1971 build means essential systems (roof, windows, plumbing, electrical) may be at or beyond their typical lifespan. A thorough inspection is crucial to understand the home's current condition and any upcoming capital expenses.
5. How does this property rank citywide?
Its citywide rankings are around average (30th-48th percentile) for lot size, living area, and value. This highlights that its primary strengths are local. It offers above-average attributes for the street and neighborhood, providing a relative advantage within a more affordable segment of the Winnipeg market.