Property Overview: 245 Gilmore Avenue, River East, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling case as a solid, value-oriented property in Winnipeg's River East neighborhood. Its primary strength is an exceptionally large lot—at 8,738 sqft, it ranks in the top 3% on its own street and the top 9% city-wide. This offers rare potential for expansion, gardening, or outdoor space uncommon for the area. The house itself, built in 1968, is of a slightly older vintage than most on the street but offers a functional 1,115 sqft of living space that is squarely average for the locale.
The appeal lies in a balanced profile with one standout feature. The assessed value of $373k is above average for Gilmore Avenue, suggesting the lot size is already reflected in its official valuation. It suits practical buyers looking for a long-term home with room to grow, either inside or out. It’s ideal for someone who values private outdoor space over a newer build or a larger existing footprint. The data indicates you’re purchasing a property that is well-established within its immediate community, with a history (last sold around 2017) that suggests a stable, settled street.
Section 2: Frequently Asked Questions
1. Is the house’s older build year a concern?
The 1968 build is older than many on the street. While this can mean more maintenance or outdated systems, it also often comes with mature landscaping and established neighborhood character. A thorough inspection is advised to understand the condition of the roof, windows, and major mechanical systems.
2. How does the large lot impact property taxes?
The above-average assessed value of $373k, driven significantly by the lot size, will result in a correspondingly higher property tax bill compared to neighboring homes with smaller lots but similar house sizes.
3. What can the sold price history tell me?
Public records show it last sold between $250k-$300k in early 2017. This historical price, compared to the current $373k assessment, indicates market appreciation, but for exact sale figures and a verified history, you must request a manual lookup from the site.
4. The living area is described as "average." Is that sufficient?
At 1,115 sqft, it is typical for the street and neighborhood. It should comfortably accommodate a small family or couple. The significant lot size offers the option to potentially expand the living space in the future, subject to zoning and permits.
5. How does this property compare to others nearby?
The provided comparisons show homes on the same street with both smaller and larger living areas and values. 245 Gilmore Avenue’s key differentiator is its lot size. For instance, while 256 Gilmore Avenue has a smaller house and lower value, its lot is also significantly smaller. This property trades maximum interior space for maximum exterior space.