Property Overview: 505 Dunrobin Avenue, Winnipeg
Key Characteristics & Appeal
This 1,020 sqft bungalow at 505 Dunrobin Avenue in Rossmere-B is a classic Winnipeg home built in 1956, presenting a straightforward opportunity in the market. Its primary appeal lies in its solid positioning as an average, established property within its immediate neighborhood. The home's living area and lot size (5,026 sqft) are both very close to the community averages, suggesting it's a typical offering for the area without extreme size drawbacks or advantages. Notably, its 1956 build year is newer than most on its street and in Rossmere-B, which may imply somewhat updated infrastructure compared to older neighbors.
The financial perspective is grounded. The property's tax-assessed value of $300,000 sits below the Winnipeg average, and recent sales data indicates a transaction range of $300,000-$350,000 in mid-2024. This positions the home as a more accessible entry point into the detached housing market, especially when compared to the higher city-wide averages. It’s a property that doesn’t stand out for luxury or size, but rather for its predictability and alignment with its well-established community.
This home would likely suit first-time buyers or practical investors seeking a no-surprises, value-conscious purchase in a mature neighborhood. It’s for someone who prioritizes neighborhood character and lot space over a modern or expansive floor plan, and who sees potential in a home that is already competitively positioned within its local context rather than one requiring a premium for standout features.
Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows it is very representative of Rossmere-B. Its size, lot, and value are all near the 50th percentile for the community, meaning it's neither the largest nor the smallest, most expensive nor least expensive. It’s a quintessential example of the area's housing stock.
2. Is the tax assessment a reliable indicator of market value?
The $300,000 assessment is a key data point but should be validated. Notably, it's slightly below the street average ($323,000). Recent sales on the street and nearby (e.g., $325,000 for a very comparable home at 524 Dunrobin) suggest the assessment is a reasonable, if conservative, baseline for the current market.
3. The home was built in 1956. What should I be concerned about?
While newer than many on its block, a 1956 home will likely have systems (like plumbing, electrical, and the roof) that are at or beyond their typical service life. A thorough inspection is essential. The positive spin is that its above-average rank for build year on the street suggests many immediate neighbors are even older.
4. What is the potential for future value growth here?
Growth would be more tied to the overall Rossmere-B neighborhood and Winnipeg market trends than to this property's unique features. Its "average" stats within a stable community can be a strength, offering steady, market-mirroring appreciation rather than volatile, feature-driven spikes.
5. Where can I find exact historical sale prices for this home?
The listing notes that precise MLS sale history is not published due to industry restrictions. The site offers to provide accurate data via manual email request, indicating that while the public price range is a guide, verified transaction history requires a direct inquiry.