Property Overview: 293 Emerson Avenue, Winnipeg
Key Characteristics & Appeal
This home at 293 Emerson Avenue in River East presents a compelling mix of space, modernity, and established value. Its primary strength is its generous 1,925 sqft of living area, which ranks in the top 5% on its own street and above average both neighborhood and city-wide. Built in 1985, it is notably newer than most comparable homes in the area, offering the potential for more contemporary layouts and systems. With an assessed value of $485,000, it sits well above local averages, signaling a premium property within its context.
The appeal lies in acquiring a home that stands out in its immediate surroundings for its size and relative age, suggesting a well-above-standard offering. It would suit buyers who prioritize interior space and a more modern build over a large yard, as the lot size is slightly below the street average. This property is ideal for someone looking for a move-in-ready home in a mature neighborhood without the typical upkeep of an older house, and for those who view a higher assessed value as an indicator of solid long-term investment in a stable community.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is slightly below the average for Emerson Avenue, it is around the neighborhood and city-wide averages. This typically means a more manageable yard with less maintenance, but potentially less private outdoor space than some direct neighbors.
2. The assessed value seems high. What does that indicate?
An assessed value significantly above area averages generally reflects the property’s larger living area, newer construction, and likely above-standard finishes or condition. It positions the home in a premium tier within its local market.
3. What can the last sold price (2020) tell me?
The previous sale in the $350k-$400k range provides a historical benchmark. The substantial increase to the current assessed value of $485k suggests strong market appreciation or significant improvements made to the property in the interim.
4. Is the home a good value compared to nearby properties?
The data shows you are paying a premium for specific advantages: notably more interior space and a newer build. Compared to the reference properties listed, this home offers more square footage than most at a commensurate value point.
5. How can I verify the exact historical sold prices?
The site notes that exact sold figures are not displayed publicly due to industry rules. You can request the full transaction history via email from the provider, who will manually look up and send the verified data.