1-354 Edison Avenue

Property Overview: 1-354 Edison Avenue, Winnipeg

Key Characteristics & Appeal

This is a truly exceptional, newly built (2024) residence in Winnipeg's Rossmere-A neighborhood, distinguished by its immense scale and premium valuation. Its primary appeal lies in offering a rare combination of a modern, custom-built home within an established, mature community. With nearly 4,900 square feet of living space, it stands in the top 1% of homes in Winnipeg for size, and its $1.14M assessed value also places it in the city's top tier. This creates a unique proposition: a brand-new, luxury-sized property without the typical setting in a new subdivision.

The home’s lot size, while ample at over 5,600 sqft, is notably "around average" for the area. This highlights that the property's premium is driven almost entirely by the caliber and size of the structure itself, rather than extensive grounds. It suits buyers seeking a turnkey, modern mansion who value established neighborhoods with mature trees and settled streetscapes over a sprawling rural or acreage lot. It would also appeal to those who appreciate statistical rarity, as it ranks #1 for both size and value within its immediate neighborhood and street.

Frequently Asked Questions

1. Why is the assessed value so much higher than nearby homes?
The assessed value reflects the property as a new, high-end construction. Unlike the surrounding homes, which average from the 1940s-1960s, this is a 2024 build with significantly more square footage and modern amenities, justifying its premium valuation.

2. How does the lot size compare to the house size?
The lot is generous but not outsized for the area. The focus here is on the expansive living space. The home occupies a larger portion of its lot compared to neighboring properties, prioritizing interior volume over vast outdoor space.

3. What does the sale history indicate?
Public data shows a previous sale between $150k-$200k in 2016, which almost certainly was for the vacant land or a much older home since demolished. The current assessment and listing reflect the value of the newly constructed residence.

4. Is this the largest/newest home in the area?
Based on the provided data, this home ranks #1 out of 3,143 comparable properties in Rossmere-A for both living area and year built, making it the largest and newest of its kind in the immediate neighborhood.

5. How can I verify the exact past sale prices?
The site notes that due to industry rules, exact MLS sale records are not displayed. They offer a manual lookup service where you can request the full transaction history via email to receive verified figures directly.