Property Overview: 583 Mcleod Avenue, Winnipeg
Key Characteristics & Appeal
This 1,036 sqft bungalow, built in 1958 on a 5,280 sqft lot in Rossmere-A, presents a solid, middle-of-the-road offering in the Winnipeg market. Its primary appeal lies in its stability and value within its immediate neighborhood. While the living area is slightly below average for its street, its assessed value of $348k is notably above the neighborhood average, suggesting it is viewed as a well-maintained or favorably positioned home in a consistent area. The property last sold in 2021 for an estimated $350k-$400k, indicating a significant increase from its 2020 sale price and a current assessment that aligns closely with that recent market activity.
This home would suit pragmatic, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize neighborhood equity over sheer size. It’s for someone who finds appeal in a home that performs better than many of its local peers in terms of assessed value, seeing that as a marker of prudent investment and community standing. A less obvious perspective is that its "average" metrics across many categories may be a strength, offering a manageable property without the premium or risks associated with standout homes at either extreme.
Frequently Asked Questions
1. Is this house smaller than others on the street?
Yes. With 1,036 sqft of living area, it ranks below the street average of 1,148 sqft, placing it in the top 74% (meaning 74% of comparable homes on the street are larger). However, its lot size and assessed value are more aligned with or above street and neighborhood averages.
2. How does its assessed value compare to nearby homes?
Its $348k assessment is above the Rossmere-A neighborhood average of ~$330k, ranking in the top 30%. This suggests the property is assessed more favorably than many in the immediate area, though it is around the citywide average.
3. What is the recent sales history?
Public data shows it sold in April 2021 for an estimated $350,000-$400,000, and prior to that in November 2020 for $250,000-$300,000. Exact sale prices can be requested via the provided email link.
4. What type of neighborhood is Rossmere-A?
The provided data shows Rossmere-A consists primarily of homes built from the late 1950s to early 1960s, with moderate lot sizes and assessed values clustering in the $300k-$360k range, indicating a mature, established community of similar properties.
5. Are the property taxes likely to be high?
While property taxes are not listed, they are calculated based on the assessed value. With an assessment above the neighborhood average, taxes may be proportionally higher than for some nearby homes, but likely not as high as in more premium citywide segments.