Property Overview: 494 Edison Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This home at 494 Edison Avenue in the Rossmere-A neighborhood is a property defined by its solid, middle-of-the-road metrics, offering stability and value in a mature community. Built in 1960, the house is slightly newer than many on its street, and its 1,065 sqft living area is very typical for the immediate area. The assessed value of $337k sits comfortably around the neighborhood average, suggesting a fair market positioning without premium pricing.
The appeal here lies in its consistency and the value of its lot. The 6,048 sqft property is notably larger than many in Rossmere-A and across Winnipeg, offering above-average outdoor space—a significant asset for gardening, recreation, or future expansion. Historical sale data indicates it last sold in late 2020 for between $250k-$300k, which may point to built-up equity for the current seller.
This property would best suit pragmatic, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a generous yard over a large or modernized house. It’s for someone comfortable with a home from the 1960s who sees potential in the land size and is looking for an entry into a stable, established neighborhood without the premium price tag of a newer or fully renovated home.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value of $337k is very close to the street average of $339k and the neighborhood average of ~$330k. It ranks in the middle of the pack locally, indicating it is priced consistently with the area rather than being an outlier.
2. Is the lot size a significant feature?
Yes. At over 6,000 sqft, the lot is larger than most in both Rossmere-A and Winnipeg overall. This provides more private outdoor space than you might find in many comparable listings, which is a key advantage.
3. When was it last sold, and for how much?
Public records show it sold in November 2020 for an estimated price between $250,000 and $300,000. For the exact sale price, you can request the information directly via the listing site.
4. What should I know about the home’s age and condition?
Built in 1960, the home is typical for the area. Buyers should budget for potential updates common to houses of this era, such as roofing, windows, or mechanical systems, while also considering the character and established landscaping that come with a mature property.
5. Are there similar homes available for comparison?
The listing provides several nearby references on streets like Kingsford Avenue and Macaulay Crescent, with similar vintage but varying sizes and values. For example, a slightly smaller home at 522 Kingsford has a lower assessment ($308k), while a larger one at 431 Kingsford is assessed significantly higher ($434k), helping to contextualize this property’s market position.