Property Overview: 422 Cairnsmore Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling mix of established neighbourhood character and standout specific attributes. Built in 1952, it is notably newer than most homes on Cairnsmore Street. Its primary appeal lies in its generous 4,501 sqft lot, which ranks in the top 4% on its street, offering above-average outdoor space for the immediate area. With 892 sqft of living area, the house itself provides a practical footprint for a smaller household.
The most striking characteristic is its assessed value of $283,000, which is the highest on Cairnsmore Street. This suggests the property has been upgraded, is in superior condition, or possesses unique features compared to its direct neighbours. While its value is around the neighbourhood average for Robertson, it sits below the wider Winnipeg average, indicating a more accessible price point within the city context.
This property would ideally suit a first-time buyer or downsizer seeking a manageable home with a premium lot size in an established community. It’s also a strong candidate for a value-conscious buyer looking for a home that already stands out on its block in terms of valuation, potentially reducing the need for immediate major investments.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much higher than other homes on the street?
An assessment this far above street averages typically reflects significant updates (like a modernized kitchen or roof), a desirable addition, or exceptional maintenance. It’s a signal that the property is likely in move-in ready condition compared to neighbouring homes.
2. Is the living space too small?
At 892 sqft, the home is efficient. It’s larger than the street average but smaller than the city average. This suits buyers looking for lower utility costs and less maintenance, but those needing multiple dedicated rooms or extensive storage should consider the layout carefully.
3. What does the large lot size mean for me?
A lot size in the top 4% for the street offers rare potential in an older neighbourhood. This allows for ample gardening, private outdoor living space, and possibly room for a future shed or garage, which many nearby properties cannot accommodate.
4. The home sold in 2020. What can that price tell me?
The previous sale fell in the CA$200k-250k range. The increase to the current $283k assessment highlights a significant rise in value over four years, which could be due to market trends, improvements made by the current owners, or both.
5. How does this home fit within the wider Winnipeg market?
Its value is below the city-wide average, positioning it as an affordable entry into the market. You are paying a premium for this specific street but getting a property that ranks highly there, which can be a smarter investment than a similarly priced home in a more expensive area that ranks below average.