Property Overview
This 1960s home at 574 Edison Avenue in Winnipeg's Rossmere-A neighborhood presents a compelling opportunity centered on its generous lot size. The 1,143 sqft house sits on an 8,221 sqft property—a standout feature that ranks in the top 5% of its immediate street and neighborhood. While the living space is close to area averages, the assessed value of $360k positions it as an above-average investment within its local context. Its last known sale was between $300k-$350k in late 2017.
The primary appeal lies in the land itself. The lot offers significant outdoor space, rare for the area, providing room for expansion, gardening, or recreation. This is a home for buyers who see potential beyond the existing structure—whether that's first-time buyers looking for a starter home with room to grow, or practical investors who understand that land is a permanent asset. It suits someone comfortable with a mid-century home who values private outdoor space over a larger interior footprint. A less obvious perspective is that this property represents a stable, middle-ground option; it's not the newest or largest house, but its above-average lot and assessed value suggest a solid foundation in a mature neighborhood.
Frequently Asked Questions
What does the "Elite" ranking for the lot size actually mean?
It means the property's land area of 8,221 sqft is larger than 95% of comparable lots on its street and in the Rossmere-A neighborhood, making it a significant outlier in terms of outdoor space.
How does the assessed value compare to recent sales?
The current assessed value is $360k. The home last sold for an estimated $300k-$350k in October 2017. This suggests the assessment is in line with or slightly above its previous market price, but a current market evaluation would be needed for an exact comparison.
Is the house smaller than others nearby?
The living area (1,143 sqft) is slightly below the street average (1,182 sqft) but very close to the neighborhood average. It is a moderately sized home for the area, with the trade-off being more land rather than more interior space.
What are the typical home ages in this area?
This home was built in 1960, which is typical for its street and the wider Rossmere-A neighborhood, where many homes were built in the early-to-mid 1960s.
How can I find out the exact price it last sold for?
The public data shows a price range. To obtain the exact sale price from the 2017 transaction, you would need to request the information directly via the provided contact method, as it is not fully disclosed in the public records displayed.