Property Overview: 243 Emerson Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This is a modest, 666 sqft bungalow built in 1958 on a larger-than-average city lot of over 6,100 sqft. Its key characteristic is a clear value proposition centered on land. The home itself is notably smaller and older than most in its immediate area, ranking in the bottom percentiles for living space and age on its street. The assessed value of $302k reflects this, sitting below the local averages.
The appeal lies in this very discrepancy. It presents an opportunity for a land-focused purchase in the established River East neighborhood. For a buyer comfortable with a compact footprint or considering a future expansion, the generous lot offers flexibility that newer, built-out properties often lack. It would suit a first-time buyer seeking an affordable entry into the market, an investor looking for a land-hold property, or a downsizer who values a large yard over a large house. Its recent sale history shows steady value appreciation, suggesting it’s a financially accessible property in a stable area.
Frequently Asked Questions
1. Why is the assessed value below the neighborhood average?
The assessed value is primarily based on the existing structure. Given that this home’s living area is significantly smaller and it is older than most comparable properties in River East, a lower assessment is typical.
2. Is this a good investment property?
The data indicates consistent value growth over recent sales. The combination of a lower entry price and a large lot in an established neighborhood could offer long-term potential, either through rental income or future value appreciation, especially if the lot allows for development.
3. How does the lot size compare?
The lot is a key feature. At 6,103 sqft, it is above the Winnipeg city average and around the average for the street. This provides a substantial outdoor space relative to the home's size.
4. Can I see the exact historical sold prices?
The site provides sold price ranges. To obtain fully verified, exact sale figures from the transaction history, you must request them directly via email, as this data is not sourced from the MLS.
5. What are the implications of the home's age?
Built in 1958, the home is older than most on the block. This suggests potential for character but also means buyers should budget for maintenance and updates typical of a home from that era, and consider the efficiency of older building systems.