Property Overview: 255 Gilmore Avenue, River East, Winnipeg
Key Characteristics & Appeal
This 1959-built home in River East presents a compelling mix of modest living space and an exceptionally large lot. At just over 1,000 square feet, the house itself is smaller than most on its street and in the neighborhood, suggesting a cozy, efficient layout. Its true standout feature is the land: at 8,631 square feet, the lot size ranks in the top 5% on Gilmore Avenue and the top 9% city-wide. This offers rare potential for expansion, gardening, or outdoor living in a mature area.
The home’s assessed value of $366k is above average for the street but sits around the middle range for the wider neighborhood and city, indicating a stable, established value proposition. It last sold between $400k-$450k in late 2021. The appeal lies in this land-to-house ratio—it’s a property where the value is significantly tied to the generous, private outdoor space rather than expansive interior square footage. It would suit a buyer looking for a solid starter or downsizer home in a mature community who prioritizes yard space over a large floor plan, or a long-term buyer who sees the potential to eventually enlarge or redevelop the existing structure.
Frequently Asked Questions
1. Is the house in need of major updates?
Given its 1959 build date—older than most on the street—prospective buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, and anticipate a layout that may feel dated compared to newer homes.
2. What are the property taxes?
Property taxes would be calculated based on the City of Winnipeg’s mill rate and the $366,000 assessed value. You can obtain an exact estimate from the city’s tax calculator.
3. How does the lot size compare to nearby properties?
The lot is significantly larger than the average on Gilmore Avenue (approx. 5,930 sq ft) and in Winnipeg overall (approx. 6,570 sq ft). Direct neighbors likely have standard-sized lots, making this property notably more private.
4. Why is the assessed value higher than the street average if the house is smaller and older?
The assessed value reflects the entire property, not just the house. The premium is almost certainly due to the "elite," oversized lot, which adds substantial value.
5. Can I get the exact historical sale price?
The public data shows a sale in late 2021 for between $400,000 and $450,000. For the exact, verified sale price and full transaction history, you must request a manual lookup from the site provider, as MLS data is not displayed here.