Property Overview: 508 Helmsdale Avenue, Winnipeg
Key Characteristics & Appeal
This 1955-built home in Rossmere-B presents a practical opportunity in Winnipeg's housing market. Its key characteristic is balance: with 917 sqft of living space, it is notably smaller than both street and city averages, but this is offset by a generously sized lot of 6,623 sqft, which ranks in the top 10% within the neighborhood. The assessed value of $316k sits comfortably around the average for the area, suggesting a stable, mid-market investment.
The appeal lies in its efficient footprint and above-average outdoor space, ideal for those who prioritize yard size over interior square footage. It would suit first-time buyers or downsizers looking for a manageable home with room for gardening, pets, or outdoor relaxation in a well-established community. A thoughtful perspective is that its 1955 build year is newer than most on its street, potentially indicating fewer concerns with some aging infrastructure common to the area's oldest homes. The property's value has shown steady, incremental growth through its last two sales, reflecting its reliable, no-frills position in the market.
Frequently Asked Questions
1. Is the living area too small?
At 917 sqft, the home is below average in size for the street, neighborhood, and city. It is best suited for individuals, couples, or small families comfortable with a more compact and efficient layout.
2. How does the lot size compare?
The lot is a significant feature. At over 6,600 sqft, it is larger than approximately 90% of lots in the Rossmere-B neighborhood, offering substantial outdoor space uncommon for homes in this price range.
3. What is the property's value history?
Based on public data, it sold between $250k-$300k in mid-2016 and between $300k-$350k in late 2020. This indicates stable, gradual appreciation over that period.
4. How does its assessed value affect property taxes?
The $316k assessment is around the average for the neighborhood. Taxes would likely be typical for Rossmere-B, but exact figures should be verified with the city.
5. Are there similar homes for comparison?
The listing references several nearby homes on Dunrobin, Kimberly, and Oakview Avenues with similar build years, sizes, and assessed values, providing useful benchmarks for the area's market.