Property Overview
This home at 237 Gilmore Avenue in Winnipeg's River East neighborhood presents a specific value proposition centered on its land. Built in 1957, it is one of the older homes on its street, with a living area and assessed value that are generally around average for its immediate area and the wider city. Its standout characteristic is the lot size: at 8,811 sqft, it is exceptionally large compared to most properties on Gilmore Avenue and across Winnipeg, ranking in the top 2% on its street.
The appeal here lies in the balance of a modest, manageable house on a premium piece of land. It suits a practical buyer who sees potential beyond the current structure—perhaps someone interested in gardening, outdoor space, or future expansion. It could also appeal to a value-conscious purchaser comfortable with an older home, as the price point, inferred from a 2019 sale and current assessment, appears accessible relative to neighborhood averages. This isn't a move-in-ready showcase, but a property where the true asset is the ground it sits on.
Frequently Asked Questions
1. Is the house significantly older than others in the area?
Yes. Built in 1957, it is notably older than most comparable homes on Gilmore Avenue and in the broader River East neighborhood, where the average build year is the early-to-mid 1970s.
2. What is the most distinctive feature of this property?
The land size. The lot is substantially larger than the norm, offering outdoor space that is rare for the area. This is the property's defining advantage.
3. How does its value compare to nearby homes?
Its assessed value is below the neighborhood average but around the average for its specific street and the city overall. This suggests it's priced accessibly within its immediate context.
4. Was the previous sale price typical?
Based on the provided range and rankings, the home last sold in 2019 at a price that was competitive, ranking in the top 75% for the area at that time. For exact historical figures, you must request a manual lookup from the site.
5. What should a potential buyer consider most carefully?
The age of the home likely means considering updates, maintenance, or systems replacement. The opportunity lies in leveraging the large lot, but the house itself may require more attention than a newer build.