507 Rosseau Avenue E

Property Summary: 507 Rosseau Avenue E, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, well-maintained bi-level home in Kern Park, built in 1986. Its key characteristic is its modern age relative to the neighborhood, placing it in the top 3% of homes on its street for year built. The home features a renovated basement and a detached garage. With a living area of 680 sq ft, it is notably smaller than most comparable homes in the area, which typically average around 1,000 sq ft. The lot is also modest at 3,000 sq ft. The assessed value is consistent with area averages.

The primary appeal lies in its efficiency and low-maintenance potential. It represents a rare, newer construction in an established neighborhood, suggesting updated core systems and less immediate concern for major repairs common in older homes. Its size makes it manageable and economical to heat and maintain. This property would ideally suit first-time buyers, downsizers, or investors seeking an affordable entry into the Winnipeg market with a modern foundation. It’s for those who prioritize a cozy, efficient footprint over spaciousness.

Section 2: Frequently Asked Questions

1. Is the small living space a major drawback?
While significantly smaller than the area average, the efficient layout and renovated basement provide functional living areas. It’s a trade-off that enables affordability and lower utility costs in a newer home.

2. How does the assessed value compare to the last sale price?
The home sold in July 2022 for an estimated $32.5k–$35.5k. Its current assessed value of $30.7k is closely aligned with that recent sale price and is average for the immediate area.

3. What are the benefits of a 1986 build in this neighborhood?
Most homes in Kern Park are much older (averaging from 1947). A 1986 build likely means more modern wiring, plumbing, insulation, and building standards, potentially reducing near-term renovation costs and energy expenses.

4. Is there room for expansion on the lot?
The lot is below average in size for the street and city. While some landscaping or a small addition may be possible, significant expansion or adding a large structure would be constrained by the 3,000 sq ft parcel.

5. What is the detached garage like?
The listing confirms a detached garage. Specific details on its size or condition are not provided, so viewing or inquiry is recommended to assess its utility for vehicle storage, workshops, or extra space.