Property Overview: 489 Kingsford Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This Rossmere-A home presents a solid, mid-century bungalow built in 1960. With 948 square feet of living space, it is modestly sized compared to area averages, but it sits on a notably generous 6,048 sqft lot that ranks above average for the neighborhood. Its assessed value of $319k is consistently around the average for its street, area, and slightly below the Winnipeg city average, positioning it as an accessible entry point into the market.
The appeal here lies in its established setting and land value. The lot size offers potential for expansion, gardening, or outdoor living—a valuable asset not always found in homes at this price point. Its recent sale in mid-2022 for an estimated $400k-$450k suggests a market value that has appreciated above its current assessment. This property would suit first-time buyers seeking a manageable footprint with room to grow, or practical investors looking for a stable, character-area home with a strong land component. It’s a home for those who see value in the lot and location, and who are comfortable with a living space that is functional rather than expansive.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 948 sqft, the living area is slightly below the average for both the Rossmere-A neighborhood (1,116 sqft) and the city overall. On its own street, it ranks close to the middle of the pack. This indicates a more compact, efficient layout.
2. Is the assessed value in line with recent sale prices?
The current assessed value is $319k. However, the home sold in June 2022 for an estimated $400k-$450k, which placed it in the top 10% of sales for the street and area at that time. This suggests the assessed value may not reflect recent market conditions.
3. What is the significance of the lot size?
The 6,048 sqft lot is a standout feature, ranking above average for the neighborhood. This offers more private outdoor space than many comparable properties and is a key factor for future value, whether for enjoyment, storage, or potential expansion.
4. What are the comparable homes in the area like?
Nearby homes on Kingsford Avenue and in Rossmere-A are predominantly from the same era (early 1960s). Living areas and assessed values vary, with this home sitting at the more compact and affordable end of the spectrum for the immediate area.
5. How can I verify the exact historical sale price?
The public data shows a sold price range. For fully verified and exact sale figures, you must request a manual lookup from the site provider, as this information is not sourced from the MLS system.