Property Overview: 542 Edison Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 542 Edison Avenue in Rossmere-A is a classic Winnipeg bungalow from 1960, presenting a straightforward opportunity in a mature neighborhood. Its primary appeal lies in its balance of space and value. While the 1,008 sqft living area is modest compared to city averages, it is complemented by an above-average lot size of over 6,000 sqft, offering valuable outdoor space and potential. The assessed value of $326k is consistently around the average for both the street and the wider neighborhood, suggesting it is priced in line with local market norms.
This property would suit first-time buyers or downsizers looking for a manageable, single-level home with a generous yard in an established area. It also appeals to value-oriented buyers who prioritize land size over interior square footage, seeing potential in the lot itself. A less obvious perspective is that its "around average" metrics across the board indicate stability; it's not an outlier, which can mean predictable property taxes and fewer surprises relative to the immediate community. The home's age suggests well-understood construction methods but also implies that a buyer's comfort with maintenance and potential updates is essential.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
The living area is slightly below the average for Edison Avenue itself (1,182 sqft average) but is closer to the Rossmere-A neighborhood average (1,116 sqft). This indicates the home is on the cozier side for its immediate street but typical for the broader area.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $326k is used for municipal tax purposes. Market price is determined by current conditions. However, this assessment is very close to the neighborhood average ($329.8k), and the home last sold between $300k-$350k in 2020, providing a relevant benchmark.
3. What are the advantages of the larger lot size?
The 6,050 sqft lot is above average for both the street and neighborhood. This allows more room for gardening, recreation, or future expansions like a shed, deck, or addition, subject to local zoning bylaws.
4. What should I consider about a home built in 1960?
Homes of this era are common in Winnipeg and feature familiar construction. Buyers should pay particular attention to the condition of major systems (roof, wiring, plumbing, heating) and insulation, as many have been updated over the decades. A thorough inspection is recommended.
5. How can I find out the exact past sale price?
The public data shows a sold price range. For fully verified and exact historical sale figures, you must request a manual lookup from the site provider via email, as MLS data is not displayed here due to industry rules.