Property Overview: 481 Helmsdale Avenue, Winnipeg
Key Characteristics & Appeal
This 1955-built home in Rossmere-B presents a practical opportunity centered on value and lot size. At 918 sqft, its living area is modest and below averages for the street, neighborhood, and city, indicating a compact, efficient layout. The standout feature is its 6,198 sqft lot, which is notably larger than most in the Rossmere-B area and above the citywide average, offering valuable outdoor space.
The home’s primary appeal lies in its accessible price point. With an assessed value of $265k, it sits significantly below the average for Helmsdale Avenue ($333.4k) and the broader neighborhood ($311.9k). It last sold for an estimated $200k–$250k in late 2019. This profile suggests a property that may require updates but offers a lower financial barrier to entry in a stable area.
This home would best suit first-time buyers or practical investors seeking a foothold in the market with a yard that has potential. It’s a candidate for those comfortable with a home that may be smaller or older than others on the street but who see value in the land and a manageable tax assessment. It’s less suited for those prioritizing immediate move-in condition or above-average interior space.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
A lower assessment often reflects factors like the home’s smaller size, age, and condition relative to updated properties on the street. It can result in relatively lower property taxes, which is a benefit for the buyer.
2. What does the lot size mean for me?
At over 6,000 sqft, the lot is larger than many in Winnipeg. This provides ample yard space for gardening, recreation, or future expansion, subject to local zoning regulations.
3. The home is below average in size. What should I expect?
With 918 sqft, the floor plan will be compact. Buyers should anticipate a functional, no-frills layout typical of the era, potentially with smaller rooms. This efficiency can mean lower utility costs and less upkeep.
4. How does the 1955 build year compare?
Built in 1955, this home is newer than many on its street (where the average build year is 1950). While it will have the maintenance considerations of any older home, it may feature post-war construction standards.
5. How can I find out the exact price it last sold for?
The public data shows a sale in December 2019 in the $200k–$250k range. You can request the exact sale price by contacting the site via email for a manual reply.