Property Overview: 478 Mark Pearce Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This Rossmere-A home presents a solid, value-oriented opportunity in a mature neighbourhood. Built in 1959, its 1,064 sqft living space is typical for the area, but the property stands out for its generous 6,047 sqft lot, which is above average for both the street and the wider neighbourhood. This offers valuable outdoor space and potential.
The primary appeal lies in its strong assessed value of $380k, which ranks significantly above average for its immediate street (top 6%) and neighbourhood (top 12%). This suggests the property is perceived as a premium offering within its local context, potentially due to its lot size, condition, or updates. The last known sale was between $300k-$350k in 2017.
This home would suit practical buyers looking for a established community feel with room to breathe outdoors. It’s ideal for someone who values a larger yard over a newer build, and for an owner who appreciates a property that holds a strong value position relative to its closest neighbours. It may also appeal to those comfortable with a home of this era, understanding that its older vintage (ranking in the top 85% oldest on its street) could mean a need for proactive maintenance or thoughtful updates.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the listing or sale price?
Assessed value is for municipal tax purposes and can differ from market value. However, its high rank on the street and in Rossmere-A indicates the city assesses this property more highly than most around it, which can be a positive signal to lenders and buyers.
2. How does the lot size compare, and what are the advantages?
At over 6,000 sqft, the lot is a key asset. It’s larger than most on the street and in the neighbourhood, offering more privacy, gardening space, play area, or future expansion potential (subject to zoning).
3. The home is older than most on the street. Should I be concerned?
The 1959 build date means it’s among the older homes on Mark Pearce Avenue. This isn’t unusual for Winnipeg but suggests a buyer should prioritize a thorough inspection. The upside is that many homes of this era were built with quality materials and simpler, more modifiable layouts.
4. What does the sold price data from 2017 tell me?
The previous sale price (a range of $300k-$350k) provides a historical benchmark. The current assessed value of $380k reflects growth over that period and the city’s valuation. For an exact sale history, you must request a manual lookup from the site.
5. How does this home fit within the immediate area?
The data shows a mix of similar-sized homes from the late 1950s and early 1960s on the street, with assessed values typically lower. This property’s higher assessment suggests it may have features, condition, or lot attributes that set it apart from these direct comparables.