Property Overview: 586 Ian Place, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 586 Ian Place in the Rossmere-A neighborhood presents as a practical, no-frills entry point into the Winnipeg housing market. Built in 1960, it is a quintessential example of the area's housing stock from that era. With 920 square feet of living space, it is notably compact—ranking smaller than most homes on its street, in the community, and across the city. This smaller scale is reflected in its municipal assessment for taxes, which at $314,000 sits below the street and city averages.
The primary appeal lies in its value positioning and lot size. While the house itself is modest, the lot of nearly 5,000 square feet is a significant asset, offering ample outdoor space relative to the home's footprint—a combination that is becoming rarer. This property would suit first-time buyers or practical downsizers who prioritize land potential and lower carrying costs over immediate square footage. It’s a home for those who see value in a manageable structure on a good-sized lot, where future expansion or garden space is a tangible possibility. The 2022 sale price range of $400,000-$450,000 suggests it has been seen as an affordable opportunity in the past.
Section 2: Frequently Asked Questions
1. How does the smaller living space impact value and livability?
While the 920 sqft floor plan is below average, it translates to lower utility costs and less maintenance. For the right buyer, this efficiency is a feature, not a flaw, but it does necessitate a mindful approach to space and storage.
2. The assessment is $314,000, but it reportedly sold for more in 2022. Why the difference?
A municipal tax assessment is not a market valuation. It is used for calculating property taxes and often lags behind current market conditions. The 2022 sale price is a better indicator of its market value at that time, which was likely driven by broader market trends and the property's underlying lot value.
3. What does the 1960 build year mean for maintenance?
Homes from this period are common in Winnipeg and are often structurally sound. However, prospective buyers should pay particular attention to the age and condition of major systems like plumbing, electrical, roofing, and insulation, as updates may be needed or planned for.
4. How informative are the provided "ranking" metrics?
These rankings are useful for quick, objective comparisons. They clearly show this home's standout characteristic is its lot size within the immediate area, while confirming its living space is compact. They help set realistic expectations relative to the neighborhood.
5. Where can I find accurate historical sale data?
As noted, precise sale history is not publicly available on this site due to industry regulations. The site offers an estimated sale range and provides a direct, manual service to request the verified data via email at no cost, which is a standard practice for accessing this protected information in Canada.