Property Overview: 221 Helmsdale Avenue, Winnipeg
Key Characteristics & Appeal
This home at 221 Helmsdale Avenue in the Rossmere-B neighborhood is a classic post-war bungalow, built in 1950. Its primary appeal lies in its position as a more affordable entry point into the Winnipeg housing market. With a living area of 792 sq ft, it is notably compact, ranking smaller than approximately 90% of homes across the city, street, and neighborhood. This translates to lower utility costs and minimal upkeep, suited for a minimalist lifestyle.
The property sits on a 5,527 sq ft lot, which is very close to the average for Rossmere-B, offering a balanced outdoor space without being overwhelming. The 2024 assessed value for taxes is $292,000, which is below average for the area, suggesting a potentially lower property tax burden. A sale was recorded in July 2017 in the $250,000-$300,000 range.
This home would best suit first-time buyers, downsizers, or investors looking for a manageable property with foundational equity in a long-established community. Its value proposition is straightforward: essential shelter with a focus on lot value and location over interior square footage. A thoughtful perspective is that its smaller size and below-average assessment could represent a "blank canvas" opportunity, where strategic renovations might add significant value relative to the initial investment.
Frequently Asked Questions
1. Is the house unusually small?
Yes. At 792 sq ft, its living area is significantly below the average for the street, neighborhood, and city. It is ideal for those seeking a cozy, low-maintenance space.
2. What does the assessed value tell me?
The $292,000 assessment is used for calculating property taxes. It is consistently below average for comparable homes in all geographic comparisons, which may indicate a relatively lower annual tax cost.
3. How old is the house, and what does that mean?
Built in 1950, it is a mature home. While it shares the era of many houses on its street, it is older than most in Winnipeg. Buyers should budget for potential updates to aging components like plumbing, wiring, or windows.
4. Is the lot a good size?
The lot is just over 5,500 sq ft, which is very typical for the Rossmere-B area. It provides adequate private outdoor space without the high maintenance of a much larger yard.
5. Where can I find exact historical sale prices?
The provided data shows a sale price range. Due to industry regulations, precise MLS sale records are not published here. You can request the exact historical sale data by emailing the site administrator, as noted on the property page.