Property Overview: 394 Leighton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 970 sqft bungalow, built in 1953, presents a practical and affordable entry point into Winnipeg’s Rossmere-B neighborhood. Its core appeal lies in its solid positioning as a "middle-of-the-road" property within its immediate area. The home’s living space and tax-assessed value are both very close to the averages for its street and community, suggesting it’s a typical, well-sized home for the locale without extreme premiums or compromises. The lot size is somewhat smaller than others on the block, which may mean less yard maintenance—a potential plus for some buyers.
A thoughtful perspective is that this home represents stability rather than standout features. It’s not the newest, largest, or highest-valued on the street, but it consistently performs near the neighborhood median across key metrics. This makes it a lower-risk consideration in a stable area. It would suit first-time homebuyers, downsizers, or investors seeking a straightforward, manageable property with proven resale history in a mature community. Its recent sale in late 2021 within the $350k-$400k range indicates it has held its value in a changing market.
Section 2: Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows it is very average for Rossmere-B. Its size and assessed value rank almost exactly in the middle when compared to similar homes in the community. It’s newer than many on its specific street but has a slightly smaller lot.
2. What can the past sale prices tell me?
The home sold in 2016 for an estimated $250k-$300k and then in late 2021 for $350k-$400k. This indicates significant appreciation over that five-year period, aligning with broader market trends of the time.
3. Is the tax assessment a reliable indicator of market value?
The current tax assessment is $304,000. This is a administrative value for municipal tax purposes and is typically below market value, as seen when compared to the 2021 sale price. It should not be used as an expected sale price.
4. What are the less obvious pros and cons of a property like this?
A potential pro is predictability: being so average for the area can make future valuation and resale easier to forecast. A con is the smaller lot size relative to the street, which could limit expansion possibilities and may affect future value compared to neighbors with larger plots.
5. How can I get exact historical sale prices?
The precise sale figures are not published publicly due to industry restrictions. The site operator offers to provide this data manually via email upon request, at no cost, typically by the end of the same business day.