Property Overview
This home at 513 Kingsford Avenue in Winnipeg's Rossmere-A neighborhood presents a classic, no-frills residential opportunity. Built in 1960, its 948 sqft living space sits on a notably generous 6,048 sqft lot that ranks above average for both the community and the city. The property's municipal assessed value of $317,000 is consistently close to the average for its immediate street, wider neighborhood, and the city overall, suggesting a stable and established value proposition. Its appeal lies in its grounded, middle-of-the-road metrics, offering a manageable-sized home on a larger-than-typical lot for the area. This combination suits first-time buyers seeking an entry point into the market, practical downsizers looking for a manageable property with outdoor space, or value-focused investors interested in a character home with redevelopment potential given the lot size.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
The living area is slightly below the average for both the Rossmere-A neighborhood and Winnipeg overall. However, its lot size is significantly larger than the community average, meaning you get more outdoor space relative to the home's footprint.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value for tax purposes is a starting point, but market conditions determine the sale price. Historical data suggests homes on this street sold in the $300,000-$350,000 range in mid-2022. For precise, up-to-date comparable sales data, you would need to consult a real estate professional or access MLS records directly.
3. What does the 1960 build year imply for a buyer?
As a home from this era, buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, which may be nearing or past their typical lifespan. A thorough home inspection is essential. On a positive note, homes from this period often feature practical layouts and solid construction.
4. What is the advantage of the larger lot?
The above-average lot size offers more privacy, space for gardening, play areas, or additions like a shed or deck. It also provides a long-term value cushion, as the land itself represents a significant portion of the property's worth and could be attractive for future expansion or redevelopment, subject to local zoning.
5. The data shows rankings for various features. What should I focus on?
The key takeaway is balance. While the house itself is modest in size, it is compensated by a strong lot size. The value is consistently average against its peers, indicating you're not overpaying for premium features nor buying a severe outlier. It represents a straightforward, balanced offering in the market.