Property Overview: 215 Emerson Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This home presents as a solid, middle-of-the-market property in Winnipeg's River East neighborhood. Built in 1976, its 1,234 sqft living area and $376k assessed value are consistently "around average" when compared to similar homes on its street, in the area, and across the city. This statistical consistency suggests a property that is neither over-improved nor under-developed for its context, offering a stable and predictable footprint.
The appeal lies in its balance and potential. While the house itself aligns with neighborhood norms, the 6,714 sqft lot is notably above the citywide average for comparable homes, ranking in the top 19%. This provides valuable outdoor space and future expansion potential that is less common citywide. The property sold in April 2024 within the $400k-$450k range, a price point that placed it in the top 25-31% of its local market at the time, indicating strong buyer interest.
This home would best suit pragmatic buyers—perhaps first-time purchasers or downsizers—who value a established, no-surprises neighborhood over a fixer-upper or a brand-new build. It’s for someone who sees the above-average lot size as a long-term asset for gardening, family space, or future value, rather than just the current structure. The data suggests it's a straightforward choice in a competitive price segment, where the land may hold more relative value than the building itself.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold for between $400,000 and $450,000 in April 2024, which was above its $376,000 assessed value. This placed the sale price in the top 25-31% of comparable local sales at the time, indicating a premium market valuation.
2. Is the lot size a significant advantage?
Yes, particularly from a citywide perspective. While the lot is around average for Emerson Avenue and River East, it ranks in the top 19% across all Winnipeg, offering more outdoor space than most comparable properties in the city.
3. How does this home compare to its immediate neighbors?
The data shows it is very typical for Emerson Avenue. Its living area, year built, and assessed value all rank near the middle of the 183 comparable homes on the same street, meaning it fits right into the existing fabric of the block.
4. Where can I get the exact sold price, not just a range?
The exact sale figure is not published publicly on this site due to industry data rules. You can request the precise sold price history via email from the site provider, who will manually look it up and send it to you.
5. What does "around average" in all these rankings really mean for a buyer?
It indicates a lower risk of overpaying relative to the immediate area, but also less immediate "steal." The value is in the property's stability and the fact that its market price has already been tested and validated by a recent sale. Major surprises in valuation or condition are less likely compared to more outlier properties.