Property Overview
This home at 255 Dunrobin Avenue in Winnipeg's Rossmere-B neighborhood presents a straightforward, value-oriented opportunity. Built in 1949, it's a smaller, single-story property with 927 sqft of living space on a 4,753 sqft lot. Its current assessed value is $261k, which is notably below the averages for its immediate street, neighborhood, and the wider city. It last sold in May 2022 for an estimated $250k–300k.
Key Characteristics & Appeal
The primary appeal of this property is its affordability and position as a relative value play within its community. While its living space and lot size are below the local averages, its assessed value ranks highly on its street (top 96%), meaning you pay significantly less than your neighbors for a similar location. This creates an entry point into a stable, established neighborhood like Rossmere-B without the premium price tag of larger, updated homes nearby.
It would suit first-time buyers, investors, or downsizers seeking a lower-cost foothold in the area. The modest scale suggests manageable upkeep and utility costs. A thoughtful perspective is that this home represents the "baseline" of the neighborhood—it offers the community benefits and location without the frills, making its future value closely tied to the overall area's appreciation rather than its own premium features.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on specific property characteristics. At 927 sqft, this home has less living area than most comparable properties on the street (avg. 1,092 sqft) and in the city, which is a key factor in its lower valuation.
2. What does the "Top 96%" ranking for value on the street mean?
This percentile ranking compares the home's assessed value to others on Dunrobin Avenue. Being in the top 96% means its value is lower than 96% of the homes, or put another way, only 4% of homes on the street have a lower assessed value. This highlights its competitive price point in the immediate area.
3. Has the property value increased since the last sale?
The home sold for an estimated $250k–300k in May 2022 and now has an assessed value of $261k. This suggests stable or slightly appreciating value in that period, but for exact sale prices, you would need to request the specific historical data.
4. How does the lot size compare?
The lot is 4,753 sqft, which is below the average for both Dunrobin Avenue (5,611 sqft) and the Rossmere-B neighborhood (5,270 sqft). It is, however, closer to the citywide average for comparable homes.
5. Is the home older than others in the area?
Built in 1949, it is slightly older than the average build year on its street (1953) and in the neighborhood (1955). It is typical of the post-war construction found in this part of Winnipeg.