Property Overview: 407 Emerson Avenue, Winnipeg
Key Characteristics & Appeal
This home at 407 Emerson Avenue in River East presents a solid, middle-of-the-road offering in Winnipeg’s market. Built in 1976, its 1,121 sqft living area and $372k assessed value are consistently "around average" when compared to the street, neighborhood, and city. This positions it as a straightforward, no-surprises property in a mature community.
Its primary appeal lies in the lot. At 6,769 sqft, the land area is notably above the citywide average, offering more outdoor space than many comparable homes. This creates immediate value for those prioritizing yard size over interior square footage. The home’s metrics suggest it hasn’t been extensively renovated or expanded, representing a classic canvas rather than a modernized turn-key property.
This listing would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who see potential in the generous lot and are comfortable with a home that may require updates. It’s for someone less interested in standing out statistically and more focused on the fundamentals of location and land.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
Based on assessed value, it ranks slightly above the middle of the pack on Emerson Avenue. Its lot size is a standout feature on the street, while the living area and year built are typical. Value will depend on how much you prioritize outdoor space.
2. What does "around average" for the year built really mean?
The home was built in 1976, which is very typical for its area. This generally means building materials and layouts common to that era. Buyers should budget for potential updates to major systems like roofing, windows, or heating that may be nearing the end of their service life.
3. How reliable is the sold price data shown?
The site states its sold price data is from public internet sources, not the MLS, and is presented as a range. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as MLS records are not displayed.
4. The living area seems smaller than averages shown. Is that a concern?
At 1,121 sqft, the home is moderately sized. It’s below the neighborhood average of 1,399 sqft but close to the city average. This typically indicates a efficient, possibly bungalow-style layout. The trade-off is the larger lot, which may compensate for cozier interior spaces.
5. Who would this property NOT be well-suited for?
It may not suit buyers seeking a move-in-ready, modernized home with open-concept layouts, or those who prioritize maximizing interior square footage over outdoor land. It’s also less likely to appeal to investors looking for a standout bargain, as its metrics are consistently median.