Property Overview: 263 Kingsford Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 263 Kingsford Avenue is a modest, 788 sqft bungalow built in 1950, situated on a roughly 5,280 sqft lot in the Rossmere-A neighborhood. The data clearly positions it as a more compact and affordable entry point within its local market. Its assessed value of $271k is notably below averages for the street, area, and city, and it last sold for an estimated $300k-$350k in early 2024.
The primary appeal lies in its value proposition. It represents a chance to enter the Winnipeg housing market at a lower price point, potentially offering lower property taxes as a result. The lot size is closer to the neighborhood average, suggesting decent outdoor space relative to the home's footprint. This property would best suit first-time buyers, downsizers seeking a manageable space, or investors looking for a rental property with a relatively accessible entry cost. It’s a practical choice for those prioritizing financial accessibility over square footage, with the understanding that the home itself is smaller and older than most in the vicinity.
A less obvious perspective is that its consistent "below average" rankings across key metrics aren't necessarily a drawback, but rather a precise definition of its niche. For the right buyer, this transparency removes guesswork about what they are purchasing: a functional starter home with a value-driven price tag, not a premium or expanded property.
Section 2: Frequently Asked Questions
1. Is the low assessed value a red flag?
Not necessarily. It primarily reflects the home's smaller size and age compared to peers. A lower assessment can mean lower property taxes, which is a tangible benefit for the homeowner.
2. How does the recent sale price relate to the assessed value?
The home sold for an estimated $300k-$350k in February 2024, which is above its $271k assessed value. This is common, as assessed values for tax purposes often lag behind current market sale prices.
3. What does the living area ranking mean for me?
Ranking in the top 97% on its street means 97% of comparable homes on Kingsford Avenue are larger. With 788 sqft, this is one of the smallest homes on the block. Buyers should be comfortable with a compact layout.
4. Is the lot size a positive aspect?
Yes, relatively. While below the street average, the lot is closer to the neighborhood average. This means you likely have more usable outdoor space than the home's small size might suggest, which is a bonus for gardening, pets, or additions.
5. How can I find out the exact sold price?
The site provides sold price ranges for non-members. As noted, to receive the exact sale figure and full history, you must request a manual lookup via email from the service, as they do not have access to MLS sales records.