Property Overview: 421 Kimberly Avenue, Winnipeg
Key Characteristics & Appeal
This 1955-built home in Rossmere-B presents a solid, grounded opportunity. At 999 sqft, its living space is typical for the immediate street and neighborhood, though modest compared to the Winnipeg average. Its true standout feature is the land: a 6,704 sqft lot that is significantly larger than most in the area, ranking in the top 8% of the neighborhood. This offers valuable outdoor space and potential.
The home’s assessed value of $341k is above average for both the street and Rossmere-B, suggesting official recognition of its lot premium and/or condition, while positioning it around the citywide midpoint. It last sold between $250k-$300k in 2021. The appeal lies in this combination of a well-sized lot in an established neighborhood with a house of average dimensions, likely requiring updates consistent with its era. It suits practical buyers who prioritize land size over square footage, value older neighborhood character, and are prepared for the maintenance or modernization a 70-year-old home may need. It’s a property where future value may be more tied to its land asset than its current structure.
Frequently Asked Questions
1. Why is the assessed value above the neighborhood average?
The primary driver is likely the substantially larger-than-average lot size. Assessed value considers land and improvements, so the premium lot contributes significantly.
2. How does the living area compare to nearby homes?
At 999 sqft, it is very close to the street average (1,042 sqft) and neighborhood average (1,047 sqft). It provides typical space for the area but is below the citywide average, indicating a more compact living footprint.
3. What can the 2021 sale price range tell me?
The prior sale price (CA$250k–300k) provides a historical benchmark. Comparing it to the current assessed value of $341k can indicate market movement, but note that assessments for taxation aren't always identical to market value.
4. What are the implications of the larger lot?
It offers more private outdoor space, gardening potential, and room for additions like a shed or deck. It may also provide better drainage and spacing from neighbors compared to tighter lots in the area.
5. How can I get the exact past sale price?
The site does not display MLS sold data. You can request the exact sale history by emailing them directly for a manual lookup, as noted in the property data section.