Property Summary: 481 Kimberly Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 481 Kimberly Avenue in the Rossmere-B neighborhood is a classic, mid-century bungalow built in 1955. With 968 square feet of living space, it sits on a generous lot of over 5,600 square feet. Its core appeal lies in its position as a solid, entry-level single-family home in a stable, established community. The property's assessed value for taxes is $277,000, which is notably below both the community and citywide averages, suggesting a potentially accessible price point.
The home would suit first-time buyers or practical investors looking for a foothold in the Winnipeg market. Its lot size is a standout feature for the area, offering good outdoor space and future potential relative to other homes on the street. While the living space is modest and below the city average, it is typical for the immediate area. A thoughtful perspective is that this property represents the "bones" of a neighborhood—a home that is unassuming in data rankings but offers the fundamental value of land ownership and community in a mature part of the city. Its last known sale was in 2017, indicating a long-term previous owner, which can often be a sign of a well-maintained, stable property.
Section 2: Frequently Asked Questions
1. How does this home compare to others in the area?
The home is very typical for Rossmere-B. Its living space, lot size, and build year are all close to the neighborhood averages. Its key differentiator is its assessed value, which is lower than the community average, potentially making it a more affordable option in the area.
2. Is the lot size a significant advantage?
Yes. At 5,685 sqft, the lot is larger than most in both the immediate street and the Rossmere-B community. This provides more private outdoor space than many comparable homes and could be a factor for future expansion or landscaping.
3. What can the 2017 sale price tell me?
The home sold between $200,000-$250,000 in mid-2017. This historical data point is useful for understanding long-term market trends in the area, but it does not reflect current market value. It does show the property has changed hands infrequently.
4. Why is the tax assessment lower than the community average?
A lower assessment can be due to several factors, including the home's specific characteristics, recent market activity on the street, or the timing of the assessment cycle. It's important to note that municipal tax assessments are not appraisals and may not directly predict sale price.
5. Where can I find accurate, recent sale prices for comparison?
The page notes that due to industry restrictions, precise MLS sale data is not publicly displayed. They offer a manual service where you can request accurate historical sale data via email, which they will provide without marketing spam. The comparable properties listed (e.g., 440 Helmsdale Ave, 472 Dunrobin Ave) with similar specs and assessments in the same neighborhood can also serve as a useful guide.