Property Overview: 541 Kingsford Avenue, Winnipeg
Key Characteristics & Appeal
This 1960-built home in Rossmere-A presents a solid, no-fuss opportunity in Winnipeg's housing market. With 948 square feet of living space, it is functionally sized but notably more compact than average for both the neighborhood and the city, indicating a home focused on essentials rather than expansiveness. Its primary strength lies in its generous 6,049 sqft lot, which is above average for the area, offering valuable outdoor space and potential. The assessed value of $340k is above the street average, suggesting the property is viewed favorably relative to its immediate peers.
The appeal here is one of practicality and land value. It suits first-time buyers or downsizers looking for a manageable footprint without sacrificing yard space. It would also interest value-conscious investors or handy homeowners who see potential in the larger lot, whether for gardening, expansion, or future redevelopment. The data shows a home that isn't the largest or newest, but holds its own on a street of similar vintage homes and offers a tangible asset in the form of the land itself.
Frequently Asked Questions
1. Is the living area too small?
At 948 sqft, the home is below the neighborhood and city averages. It's a compact layout best suited for individuals, couples, or small families who prioritize efficient living and a larger yard over interior square footage.
2. Why is the assessed value above the street average?
While the home is smaller, its assessed value of $340k ranks in the top 26% on its street. This is likely influenced by its larger-than-average lot size and its general condition and features as viewed by the assessor, compared to neighboring properties.
3. How does the lot size compare?
The lot is a key feature. At over 6,000 sqft, it is larger than most in the Rossmere-A neighborhood (top 29%) and slightly above the city average, offering a significant amount of private outdoor space.
4. What is the likely sale price based on history?
Public data indicates a sale occurred between $350k-$400k in May 2021. Current market value would depend on updates, condition, and market trends since that time, but this provides a recent benchmark.
5. What are the comparable homes like?
Nearby references from the same era (1960-1961) typically show larger living areas (1,050-1,132 sqft) and assessed values ranging from $279k to $351k. This highlights that 541 Kingsford trades some interior space for a competitively assessed value and a larger lot.