Property Overview: 486 Kingsford Avenue, Winnipeg
Key Characteristics & Appeal
This 816 sqft bungalow, built in 1960, presents a straightforward opportunity in the Rossmere-A neighborhood. Its key characteristic is value: with an assessed value of $294k, it sits below the average for the street, area, and city. The living space is compact, ranking below most comparable homes, which suggests it is best suited for a first-time buyer, downsizer, or investor seeking an affordable entry point into a stable neighborhood.
The appeal lies in its practical fundamentals. The lot size of over 6,000 sqft is genuinely above average for the area, offering valuable outdoor space or future expansion potential that many similarly priced properties lack. While the home itself is modest in scale, its recent sale history (2023) and assessed value indicate a price point that provides room in a budget for updates or customization. It suits a pragmatic buyer who prioritizes land size and location over move-in-ready square footage, and who views the property as a solid foundation rather than a finished product.
Frequently Asked Questions
1. Is the below-average living area a major drawback?
It depends on your needs. For a single person, couple, or someone downsizing, 816 sqft can be efficient and manageable. The trade-off is the larger-than-average lot, which can offset the smaller interior for those who value outdoor space.
2. How does the assessed value relate to the likely selling price?
The assessed value of $294k is for municipal tax purposes. The home sold between $300k-$350k in mid-2023. Given it’s assessed below nearby comparable homes, it may indicate a relatively attractive entry point, but the final price will depend on market conditions and the property's specific condition.
3. What does the "older" year built ranking mean for this house?
Interestingly, while built in 1960, it ranks as "newer than average" on its own street. This means the home is typical of its immediate area, likely sharing construction styles and potential renovation timelines with its neighbors. It’s a standard Rossmere-A bungalow of its era.
4. Are the sold prices for nearby homes a reliable comparison?
The provided comparable sales (e.g., 522 Kingsford Ave at $308k) are helpful guides for assessed value and size. For exact, verified sale prices and a full history, you must request a manual lookup from the site, as they do not display MLS data.
5. Who might this property not suit?
It may not suit a growing family needing significant indoor space immediately or a buyer seeking a turn-key home without any project work. The data suggests a value play centered on the lot, location, and fundamentals, rather than immediate size or luxury.