Property Overview
This home at 224 Gilmore Avenue presents a practical opportunity in Winnipeg's River East neighborhood. Built in 1967, its key characteristics are defined by how it compares to its surroundings. The 1,048 sqft living space is close to the citywide average but is slightly smaller than most homes on its own street and in the immediate area. The lot size of 5,301 sqft follows a similar pattern, offering standard city space but is more compact than many neighboring properties. Its assessed value of $329k sits below the neighborhood average, which can indicate a more accessible entry point into the area.
The appeal lies in its position as a competitively priced, average-sized home in a well-established community. It recently sold for an estimated $350k–400k, aligning with its assessment and suggesting a market-value transaction. It would suit first-time buyers or downsizers looking for a straightforward, no-frills property in a mature neighborhood, where the value is derived more from location and function than from premium size or modern features.
Frequently Asked Questions
How does this home’s size compare to others nearby?
The living area is slightly below the average for both Gilmore Avenue and the broader River East neighborhood, but it is very close to the average for the entire city of Winnipeg. It offers a practical amount of space typical for many Winnipeg homes.
Is the assessed value a good indicator of the sale price?
The recent sale price range ($350k–400k) aligns closely with the assessed value of $329k, especially when considering that assessments often lag behind the current market. This suggests the sale was likely a fair market transaction.
What does the lot size mean for potential expansion or outdoor use?
At just over 5,300 sqft, the lot is smaller than many in River East. This may limit possibilities for large additions or extensive landscaping, but it provides a manageable yard with lower maintenance demands.
The home was built in 1967. What should I consider?
As a home from the late 1960s, key systems like roofing, plumbing, electrical, and windows may be at or beyond their typical lifespan. A thorough inspection is essential to understand the condition and any needed updates, which is typical for houses of this era.
How can I get the exact sale price?
The public data shows a price range. To obtain the exact, verified sale price, you must request it directly from the site via email, as they manually look up the information due to industry regulations that prevent displaying full MLS records publicly.