Property Overview: 271 Emerson Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This home presents a practical opportunity in Winnipeg's River East neighborhood. Its key characteristic is value: with an assessed value of $307k, it sits notably below the local averages for both its street ($383k) and neighborhood ($401k). The living space (1,052 sq ft) is modest and below area norms, but the lot size (6,102 sq ft) is above the citywide average, offering good outdoor potential. Built in 1960, it is older than most nearby homes, which may indicate a need for updates but also suggests a well-established streetscape.
The appeal lies in its position as a more affordable entry point into the area. It suits first-time buyers or practical investors seeking land space over square footage, who are comfortable with a home that likely requires some modernization. A less obvious perspective is that its "below-average" metrics on its own street could signal a quieter, less densely developed pocket, and its citywide land ranking suggests a lot size that is increasingly rare, offering future flexibility.
Frequently Asked Questions
1. Why is the assessed value lower than the neighborhood average?
The assessed value is influenced by several factors, including the home's smaller living area, older construction date (1960), and potentially the condition or features relative to updated homes in River East. It reflects the municipality's valuation for tax purposes, not necessarily the current market price.
2. How does the lot size compare to other properties?
The lot is 6,102 sq ft, which is above the citywide average. On Emerson Avenue and in River East, it is around the typical size. This means you get a standard local yard, but one that is more generous than many lots across Winnipeg.
3. What does the "Sold 1/2018 CA$250k–300k" price indicate?
This shows the home was last sold in January 2018 for an estimated price within that range. It provides historical context, but the current assessed value and market conditions will be different. For verified, exact historical sale figures, you must request them directly from the site.
4. The home is older than most on the street. What should I consider?
A 1960 build means major systems (like roof, plumbing, electrical, heating) may be near or past their typical lifespan. This warrants a thorough inspection but also represents a chance to customize updates. Its older age contributes to its lower assessment and potential purchase price.
5. Are the rankings for living area a concern?
The living area is below the street and neighborhood averages. This indicates a cozier, more efficient floor plan. It's ideal for smaller households or those prioritizing lower utility costs and maintenance. The trade-off is the larger-than-city-average lot, which expands your usable space outdoors.