Property Summary: 362 Leighton Avenue, Winnipeg
Key Characteristics & Appeal
This 1,432 sqft home, built in 2013, stands out in the Rossmere-B neighborhood for its modern age and above-average living space. Its key appeal lies in being a significantly newer, well-sized property within an established area predominantly featuring older homes from the mid-20th century. The assessed value of $385k ranks in the top tier for the immediate neighborhood, suggesting a premium valuation for its condition and modern features.
The property is ideally suited for buyers seeking a move-in-ready, modern home without venturing into a new suburban development. It offers the charm and maturity of an established community with the benefits of newer construction, such as updated systems and potentially lower maintenance. However, it’s important to note the lot size is considerably smaller than the neighborhood average, which translates to less outdoor space but also less yard upkeep—a trade-off that will appeal to those prioritizing the home itself over land.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
It last sold between $350k-$400k in late 2016. With a current assessed value well above the street average, it indicates significant appreciation. For exact historical sale prices, a manual lookup via the site is required.
2. Given it’s a 2013 build in an older area, what should I consider?
While the modern build is a major advantage, it’s wise to investigate the context. Ensure the construction quality and style are harmonious with the neighborhood, and verify if any surrounding lots have been subdivided, which could explain the smaller parcel size.
3. The lot size is noted as below average. How significant is this?
The land area is in the bottom 15% for the street. This means a smaller yard, which could limit expansion like large decks or additions, but also means less landscaping work. It’s a practical choice for those who value low-maintenance outdoor space.
4. Are property taxes likely to be higher here?
Given its assessed value is in the top 6% on the street and top 4% in the neighborhood, the municipal tax bill will likely be higher than for many neighboring, older homes of similar size.
5. What does the "Elite" ranking for year built actually mean?
It means this is one of the newest homes in the area. On Leighton Avenue, it’s the newest of 175 comparable properties, and it’s newer than 98% of homes in Rossmere-B. This is its most distinctive statistical feature.