Property Overview: 350 Leighton Avenue, Winnipeg
Key Characteristics & Appeal
This 1952-built home in Rossmere-B presents a practical, no-frills opportunity in the Winnipeg market. With 932 square feet of living space on a 4,875 sqft lot, its size is modest, consistently ranking below average for its street, neighborhood, and the city overall. Its appeal lies in its straightforward value proposition: an assessed value of $325,000 aligns closely with neighborhood averages, suggesting a fairly priced entry point into a stable area. The home last sold in July 2024 for an estimated $300,000–$350,000.
This property would suit first-time buyers or downsizers seeking a manageable footprint and lower maintenance, or an investor looking for a pragmatic rental asset. Its value is grounded in being average-priced in an average-aged home for the area, offering a chance to build equity without a premium price tag. A thoughtful perspective is that its smaller size and lot, while not standout features, translate to lower utility costs and less upkeep—a practical advantage often overlooked in favor of larger spaces.
Frequently Asked Questions
1. Is the home’s below-average living area a concern?
While the square footage is below the local averages, it reflects the scale of many mature homes in the neighborhood. It’s a trade-off for affordability and efficiency, suitable for those who prioritize cost and manageability over spaciousness.
2. How does the assessed value compare to recent sale prices?
The assessed value ($325k) is in line with the estimated July 2024 sale price range ($300k–$350k) and sits comfortably around the neighborhood average, indicating a market-supported valuation without significant over- or under-assessment.
3. What does the "around average" year built mean for a 1952 home?
On Leighton Avenue, the average home was built in 1946, so this property is actually slightly newer than its immediate peers. This suggests the street is comprised of well-established, older homes, and 350 Leighton Avenue fits squarely within that character.
4. Are there any red flags in the comparative rankings?
No major outliers are present. The home consistently ranks in the middle to lower-middle of the pack across most metrics (size, value, lot) for its immediate area, which underscores its position as a typical, unexceptional property for the locale rather than one with hidden issues.
5. How can I get the exact historical sale price?
The site provides sold price ranges publicly. Due to industry rules, exact MLS sale figures are not displayed. You can request the exact sold price history via email from the site provider, who will manually look it up and send it to you.