Property Overview: 525 Kingsford Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This Rossmere-A home presents a practical opportunity in a well-established neighborhood. Its key characteristic is a compact 816 sqft living area, which is notably smaller than most comparable homes on the street, in the area, and across Winnipeg. However, this is balanced by an above-average assessed value for the street ($340k vs. a $325.9k average) and a slightly larger-than-average lot size for the neighborhood.
The appeal lies in its efficiency and value proposition. It suits first-time buyers or downsizers seeking a manageable footprint without compromising on yard space. The home’s age (1960) is typical for the area, suggesting a neighborhood with mature character. A thoughtful perspective is that a smaller home on a good-sized lot offers potential for future expansion or outdoor living, a flexibility not always available with larger homes on tighter lots. It’s a property for those who prioritize land over interior square footage or see potential in a solid, modestly-sized starter home.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 816 sqft, the home is significantly cozier than the area average. It will suit a minimalist lifestyle, a small household, or someone comfortable with efficient use of space. It is not suited for those needing multiple large rooms.
2. Why is the assessed value above the street average if the home is smaller?
Assessed value considers multiple factors beyond size, including lot dimensions, condition, and recent improvements. The above-average valuation here suggests the property holds value through its land and potentially its specific attributes or updates.
3. What does the sold price history indicate?
Public data shows it last sold between $300k-$350k in early 2021. This range places it in the top 38-42% for the local area, indicating it has held its market value relative to neighbors.
4. How does the lot size compare?
The 6,049 sqft lot is a standout feature, ranking above average for the Rossmere-A neighborhood. This provides more outdoor space than many nearby properties.
5. Where can I get verified sale history data?
The provided data is compiled from public sources. For a full, verified transaction history and exact sale figures, you must request a manual lookup from the site, as MLS records are not displayed here.