Property Overview: 552 Helmsdale Avenue, Winnipeg
Key Characteristics & Appeal
This 1955-built home in Rossmere-B presents a practical opportunity centered on value and land. At 817 square feet, the living space is notably compact, ranking below average for the street, neighborhood, and city. This positions the property as a more affordable entry point into the area. The assessed value of $295k is below the street and city averages, reinforcing its value-oriented stance.
The primary appeal lies in its generous 6,622 sqft lot, which is well above the neighborhood average. This offers significant outdoor space and potential for gardening, expansion, or future development, subject to zoning. The home suits first-time buyers or downsizers seeking a lower-maintenance footprint without sacrificing yard space. It’s also a candidate for value-conscious investors or buyers willing to renovate over time, leveraging the solid lot size in a mature neighborhood. A thoughtful perspective is that its smaller interior, while a compromise, may encourage efficient living and lower utility costs, aligning with simpler lifestyles.
Frequently Asked Questions
1. Is the house in need of major updates?
As a home built in 1955, it likely requires modernization. Buyers should budget for potential updates to systems like plumbing or electrical, as well as interior finishes, to align with contemporary standards.
2. How does the property’s value compare to recent sales?
The home sold between $200k-$250k in 2016. Its current assessed value of $295k is below the average for Helmsdale Avenue ($333.4k), suggesting it may be priced competitively within the immediate area.
3. What are the advantages of the large lot?
The lot size is a standout feature, offering ample private outdoor space rare for the neighborhood. This provides room for recreation, landscaping, and future possibilities like a shed, deck, or even an addition.
4. Who might find the smaller living area challenging?
The 817 sqft layout may be tight for families or those needing home office space. It best suits individuals, couples, or those who prioritize low-maintenance living and are comfortable with efficient use of space.
5. How can I verify the exact historical sale price?
The provided sale data is an estimated range from public records. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not display MLS sold records.