Property Overview
382 Rougeau Avenue is a compact, single-family home in Winnipeg's Mission Gardens neighbourhood. Built in 1978, it sits on a 3,107 sqft lot and features 820 sqft of living space. The home last sold in 2024 for an estimated $300k–350k and has a current assessed value of $26,700.
Key Characteristics & Appeal
This home presents a practical, entry-level opportunity. Its primary appeal lies in affordability and manageability, offering a lower price point within the Winnipeg market. The lot size is relatively modest but is closer to the average for its immediate street, making the yard more manageable for those not seeking extensive outdoor maintenance.
The data suggests it suits specific buyer profiles well. It would be a logical fit for first-time buyers seeking a foothold in the market, downsizers looking to reduce space and upkeep, or investors interested in a rental property with a potentially lower entry cost. A less obvious perspective is that its smaller size and below-average assessed value for the area could translate to relatively lower property taxes, which is a meaningful long-term cost consideration.
However, it’s important to note the home's living space is significantly below average for the neighbourhood and city, indicating a compact layout. Buyers should be comfortable with a smaller footprint or view it as a candidate for a strategic renovation to improve flow and space.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($26,700) is for municipal tax purposes and is typically much lower than the market value. The home's recent sale estimate of $300k–350k is a better indicator of its market price.
2. How does the size of this home compare to others?
At 820 sqft, the living area is notably smaller than most comparable homes on its street, in Mission Gardens, and across Winnipeg. This is the home's most defining characteristic and a key factor in its affordability.
3. What does the "Top 21%" ranking for the sold price mean?
This means the 2024 sale price was higher than approximately 21% of comparable sales on the same street. In context, it suggests the home sold for a price that was competitive or even a premium for Rougeau Avenue, despite its smaller size.
4. Is the lot size a concern?
The 3,107 sqft lot is slightly below average for the street and more notably below the area average. It provides a standard backyard for a city home but may not suit those desiring extensive garden space or large outdoor amenities.
5. How can I find out the exact past sale price?
The exact sold price is not publicly displayed. As noted on the listing, you can request it by email from the service provided; they manually share this information without using your email for marketing.