Property Overview: 199 Emerson Avenue, River East, Winnipeg
Key Characteristics & Appeal
This 1,350 sqft home, built in 1978, presents a solid, above-average offering within its immediate Emerson Avenue streetscape. Its primary appeal lies in its strong positioning relative to its closest neighbors: it ranks in the top 30% for living area and top 23% for assessed value on its own street. This suggests a well-maintained or favorably updated property that stands out on the block. The lot size, while slightly smaller than the street average, is above average city-wide, offering decent outdoor space.
The home suits practical buyers looking for a move-in-ready property in a stable neighborhood, who value being ahead of the curve on their specific street rather than just the broader area. It’s a sensible choice for those who appreciate a home with proven value retention and a newer build date than many in Winnipeg, without being a standout project or fixer-upper. A thoughtful perspective is that this property may represent a "local peak" on its street—offering less upside for dramatic value increase through upgrades, but also less risk of lagging behind nearby homes.
Frequently Asked Questions
1. How does this home really compare to others nearby?
On its own street, it ranks highly for size, value, and age, meaning it likely compares favorably to its direct neighbors. In the wider River East neighborhood and Winnipeg overall, it sits comfortably around average, indicating it’s a representative and competitive property in the broader market.
2. What did it sell for in 2024?
The sold price in May 2024 was between CA$450,000 and $500,000. This placed it in the top 20% of sale prices city-wide for comparable homes at that time. For the exact sale price, you can request the figure by email via the link on the detail page.
3. Is the lot size a disadvantage?
At 6,103 sqft, the lot is slightly smaller than the average on Emerson Avenue but is actually larger than the typical Winnipeg lot. It provides ample yard space for most needs without the maintenance of a significantly larger plot.
4. What does the assessed value tell me?
The assessed value of $413k is above the street average, which often reflects factors like updates, condition, or favorable attributes not captured in square footage alone. It’s a strong indicator of how the municipal assessor views the property relative to others.
5. Where can I see more detailed comparisons?
You can open the neighbourhood analysis page to view this property on a map alongside nearby homes, with direct comparisons of year built, living area, assessed value, and lot size.