Property Overview: 1217 De Graff Place, Winnipeg
Key Characteristics & Appeal
This home presents a solid, mid-century property in the Rossmere-A neighborhood. Built in 1963, its age is a notable advantage on its street, ranking among the very oldest, which can suggest a well-established lot and mature landscaping. With 1,089 sqft of living space, the house is very typical for its immediate area and neighborhood, offering a practical footprint for a smaller household or first-time buyer.
The primary appeal lies in its financial positioning. The assessed value of $356k is consistently above average for both its street and the broader Rossmere-A area, indicating that municipal assessment views it favorably compared to many direct neighbors. However, it sits around the citywide average, suggesting it’s priced within a familiar Winnipeg range rather than at a premium. The lot size is smaller than others on De Graff Place but is typical for the wider neighborhood, representing a lower-maintenance yard.
This property would suit a value-conscious buyer looking for an established community. It’s ideal for someone who prioritizes a home that stands well against its immediate comparables over having the newest features or the largest lot on the block. It represents a pragmatic choice in a stable neighborhood, likely appealing to those who see the above-average assessment for the area as a marker of good relative value.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value ($356k) is for municipal tax purposes, its position—above the local averages—suggests the property has characteristics valued by the assessor. However, market conditions, the home’s interior condition, and recent upgrades will ultimately determine the sale price.
2. The lot is noted as smaller than average for the street. How significant is this?
The land area is below the street average but aligns closely with the neighborhood average. This typically means a more manageable yard with less maintenance, which can be a benefit for many buyers, though it may offer less space for expansions or large outdoor projects.
3. The home was last sold in 2019. What can that tell us?
The previous sale price fell within the $250k-$300k range. The substantial increase to the current assessed value reflects the strong market appreciation over the last five years and any improvements made during that period.
4. How does the age of the home (1963) impact its value?
On De Graff Place, its 1963 build date is a standout positive, ranking in the top 3%. In this context, an older home on a street of similar-aged houses can indicate a desirable, established streetscape. Buyers should, of course, still prioritize a thorough inspection of major aging components like the roof, windows, and mechanical systems.
5. Where can I find verified, exact historical sold prices for this home?
The public data provided is a reliable estimate. For fully verified and exact transaction figures, you must request a manual lookup from the site via email, as they do not have access to or display MLS sales records due to industry rules.