Property Overview: 56 Gemini Avenue, Winnipeg
Key Characteristics & Appeal
This well-established home in Rossmere-A presents a solid, above-average offering within its immediate area. Built in 1971, it is newer than many of its neighbors and citywide comparables. With 1,289 sqft of living space, it provides more room than the typical home on its street and in the Rossmere-A neighborhood, ranking in the top 15-29% for size in those categories. The assessed value of $383k also sits above the local averages, indicating its perceived standing.
The appeal lies in its strong positional metrics within a stable community. It’s a property that consistently performs well against its closest peers, suggesting a desirable location on Gemini Avenue. The lot size of 5,498 sqft is typical for the area, offering standard outdoor space. Recent sale history shows significant value growth over the past several years.
This home would suit a buyer looking for a move-in ready property in a mature neighborhood, who values space and a home that stands favorably against direct neighbors. It’s a practical choice for those seeking a known quantity with a track record of steady appreciation, rather than a fixer-upper or a niche architectural find.
Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows it ranks highly on its own street and in Rossmere-A for living area, assessed value, and year built. It's consistently above the local averages, meaning it's a larger, newer, and more highly valued property within its immediate peer group.
2. What does the sale history indicate?
The home sold in 2018, 2020, and most recently in mid-2022 for between $450k-$500k. This pattern shows active turnover and substantial price growth over a four-year period, reflecting strong market interest.
3. Is the assessed value a good indicator of the likely selling price?
The current assessed value is $383k, but the last known sale price was higher. Assessments are for taxation purposes and often lag behind the current market. The recent sale price range is a more relevant guide for today’s value.
4. What are the less obvious points to consider?
While the home ranks very well on its street, its citywide rankings are around average. This highlights that its primary advantage is its local standing within Rossmere-A. Also, being built in 1971 means potential updates to major systems (like roofing, plumbing, or electrical) should be considered.
5. Where can I see more detailed neighborhood comparisons?
The listing references a neighbourhood analysis page that maps nearby houses, allowing for detailed comparison of year built, living area, value, and lot size. This can provide deeper context than the summary statistics alone.