Property Overview: 323 Rougeau Avenue, Winnipeg
Key Characteristics & Appeal
This 880 sqft bungalow, built in 1976, sits on a 3,011 sqft lot in Mission Gardens. Its core appeal lies in its position as a modest, entry-level home in a stable neighbourhood. The living space is notably compact, ranking below average for its street, area, and the wider city, which suggests a home best suited for individuals, couples, or small families comfortable with efficient living. The assessed value is comparatively low, especially within the Mission Gardens area, indicating a potentially accessible price point for first-time buyers or investors.
A thoughtful perspective is that this property represents a "blank slate" opportunity. Its below-average metrics for size and value within its immediate area could be seen not just as limitations, but as a chance to add value through updates or an addition, without immediately over-improving relative to the neighbourhood. The lot, while smaller than many in Winnipeg, is around average for Rougeau Avenue itself, offering manageable outdoor space with lower maintenance demands. It would suit a practical buyer looking for affordability and location over square footage, or an investor seeking a straightforward rental property in a well-established community.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 880 sqft, the living area is below the average for both Mission Gardens (1,162 sqft) and the City of Winnipeg (1,342 sqft). On its own street, it ranks in the bottom third for size.
2. What does the assessed value tell me about the property?
The assessed value of $27,600 is below the average for the Mission Gardens area. This often correlates with a lower market price, making it a more affordable entry point into the neighbourhood.
3. Is the lot size a disadvantage?
The 3,011 sqft lot is smaller than many city lots but is closer to the average for Rougeau Avenue. It provides yard space while requiring less upkeep than a larger plot.
4. When was it last sold, and for roughly how much?
The property sold between 2018 and 2025 for an estimated CA$200k–250k. An exact sale price is available upon direct request from the listing service.
5. What is less obvious about this property’s potential?
Its below-average metrics for the area could present a value-add opportunity. Updates or a thoughtful expansion could bring it in line with neighbourhood norms, potentially offering a greater return than on a home that’s already at the top of its market segment.