Property Overview: 331 Kimberly Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This Rossmere-B home presents a compelling mix of space, value, and established neighborhood character. Built in 1953, its 1,032 sqft living area is typical for the immediate street and neighborhood, offering comfortable, manageable space without being oversized. The property’s standout feature is its generous 6,706 sqft lot, which is notably larger than most in Rossmere-B and ranks well above average even city-wide. This creates significant potential for outdoor living, gardening, or future expansion.
The appeal lies in its strong value positioning within a stable community. With an assessed value of $357k, it sits in the top 10% for its street and neighborhood, suggesting it is a well-regarded property in its local context, yet remains around the city-wide average. This indicates you are investing in a home that holds its value well in its micro-market. It last sold between $250k-$300k in 2016, showing a history of appreciation.
This home would suit practical buyers looking for a solid, no-fuss property in a mature neighborhood. It’s ideal for first-time homeowners or downsizers who prioritize a larger yard over a massive house. It also appeals to value-conscious buyers who understand that a higher assessed value relative to nearby homes can reflect desirable attributes not captured in square footage alone, such as condition, layout, or lot appeal.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($357k) is for municipal tax purposes and is a useful benchmark, not a sale price. That it ranks in the top 10% on its street suggests it is considered a premium property locally. Market conditions, specific updates, and buyer demand will ultimately determine the sale price.
2. How does the lot size compare, and what are the advantages?
The lot is a major asset. At 6,706 sqft, it’s larger than approximately 93% of lots in Rossmere-B and 80% city-wide. This allows for more privacy, recreational space, and potential for additions like a shed, deck, or garden that wouldn’t be feasible on a standard lot.
3. The home was built in 1953. What should I consider?
The age is typical for the area. Key considerations would be the age and condition of major systems (roof, wiring, plumbing, windows) and whether any original features have been updated. A thorough home inspection is essential.
4. How does this property’s value trend look based on past sales?
It last sold in the $250k-$300k range in April 2016. The increase to its current $357k assessment suggests steady value growth over the past eight years, consistent with broader market trends.
5. Where can I get verified historical sale data for this property?
The provided sold price is an estimate from public records. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as they do not display official MLS sold records.