Property Overview & Key Characteristics
This home at 255 Rougeau Avenue in Mission Gardens presents a specific and practical value proposition. Its key characteristic is its compact size, with a living area of 720 sqft that is notably smaller than most homes on its street, in the neighbourhood, and across Winnipeg. Built in 1990, it is relatively newer than many comparable properties, offering potential advantages in systems and maintenance. The lot size is consistent with others on Rougeau Avenue but is more modest compared to the broader area.
The appeal lies in its efficiency and affordability. With an assessed value significantly below both neighbourhood and city averages, it represents a lower barrier to entry into the Winnipeg market. This isn't a sprawling family home; its appeal is for those seeking a manageable, no-fuss property. It would suit a first-time buyer, an investor looking for a rental property, or someone downsizing who prioritizes simplicity and cost-effectiveness over space. A thoughtful perspective is that its smaller footprint can mean lower utility costs, less upkeep, and a more sustainable lifestyle, which can be a hidden benefit for the right owner.
Frequently Asked Questions
1. Is this a small house?
Yes. At 720 square feet, it is considerably smaller than the average home in Mission Gardens (1,162 sqft) and Winnipeg overall (1,342 sqft). It is designed for efficient living.
2. Why is the assessed value so much lower than the city-wide average?
The city-wide average assessed value includes all property types and sizes. This home's assessed value is more in line with its specific, smaller size and characteristics. It is actually around the average for its own street, indicating it's priced appropriately within its immediate context.
3. What are the advantages of a home built in 1990?
Being newer than many homes in the area (built 36 years ago) can suggest updated building standards, potentially younger major components like roofing, windows, and heating systems, which may mean fewer immediate major repairs.
4. How does the lot size compare?
The lot is approximately 3,896 sqft, which is typical for Rougeau Avenue. However, it is smaller than the average lot in both the broader Mission Gardens neighbourhood and the city, resulting in less yard maintenance.
5. What does the recent sale history indicate?
The property sold in 2024 for an estimated $300k–$350k. This recent sale provides a concrete, modern benchmark for its market value, showing it transacts at a price point reflective of its size and assessment.