Property Summary: 437 Rougeau Avenue, Winnipeg
Key Characteristics & Appeal
This home at 437 Rougeau Avenue stands out in the Mission Gardens neighborhood for its above-average size and modern construction. Built in 2006, it is notably newer than most homes on its street and in the wider area, suggesting updated building systems and potentially lower immediate maintenance needs. With 1,680 sqft of living space, it offers significantly more room than the typical home on Rougeau Avenue and in Mission Gardens, ranking in the top 3% and 8% respectively for area.
The appeal lies in this combination of space and relative modernity within an established neighborhood. The assessed value of $430k is elite for the immediate street but aligns more closely with the Winnipeg average, indicating the property may offer good value for its specific offerings. A thoughtful perspective is that while the lot size is smaller than many in the city, it requires less upkeep, which could be a benefit for buyers seeking a manageable yard without sacrificing interior space.
This property would ideally suit buyers looking for a move-in-ready, spacious home in a settled area who prioritize a modern build year over a large lot. It’s also a strong candidate for those who value a home that outperforms its immediate neighbors in key metrics like size and age, offering a premium position on its block.
Frequently Asked Questions
1. How does the lot size compare?
The lot is 4,120 sqft, which is average for Rougeau Avenue but below the average for both the Mission Gardens area and Winnipeg overall. This means less yard maintenance but also less private outdoor space than many other city properties.
2. What does the "Elite" ranking for Year Built mean?
With a build year of 2006, this is the newest home among the 169 comparable properties on Rougeau Avenue (ranked #1). It is also well above average for the neighborhood and city, where typical homes were built in the 1980s or earlier.
3. Has the property value increased?
Based on sold price ranges, the home sold for between $300k-$350k in 2016 and $400k-$450k in 2022. This indicates appreciation, though for an exact sale price history, you must request the data via email from the listing service.
4. Is the assessed value a reliable indicator of the listing price?
The $430k assessment is a municipal valuation for tax purposes, not a market price. However, it places the home in the top 4% on its street, suggesting it is a higher-value property in its immediate context.
5. What are the trade-offs of this property?
The key trade-off is space: you gain a larger, newer interior but on a lot that is smaller than many in the broader area. It’s a home that prioritizes interior living space and modern construction over expansive outdoor land.