Property Overview: 589 Mark Pearce Avenue, Winnipeg
Key Characteristics & Appeal
This home at 589 Mark Pearce Avenue in the Rossmere-A neighborhood presents a solid, above-average offering within its immediate area. Built in 1960, it is actually one of the newer homes on its street. With 1,309 sqft of living space, it provides more room than most comparable homes in both its neighborhood and on Mark Pearce Avenue itself, ranking in the top 14% locally.
The property’s municipal tax assessment of $352,000 is also above the local averages, suggesting it may have features or updates that contribute to its value. However, the lot size is more modest compared to others on the street, which could mean less yard maintenance—a plus for some—but less private outdoor space.
Its appeal lies in being a well-sized, established home in a mature neighborhood, offering space that outperforms many nearby properties. It would suit a buyer looking for a move-in ready, character home in a settled community, who prioritizes interior space over a large yard and appreciates the stability of an area with consistent property values. A thoughtful perspective is that while the home is newer than its street neighbors, a 1960 build still means potential buyers should be mindful of the age of major systems like plumbing, electrical, and the roof.
Frequently Asked Questions
1. How does this home’s value compare to recent sales in the area?
Based on available data, a home on this street sold for between $250,000 and $300,000 in mid-2020. The current tax assessment of $352,000 is higher, which may reflect market changes, improvements to this specific property, or the assessment methodology. For precise, up-to-date sales history, direct inquiry with the site is recommended.
2. Is the living space considered large for the area?
Yes. At 1,309 sqft, the living area is notably larger than the average for both Mark Pearce Avenue (1,089 sqft) and the wider Rossmere-A neighborhood (1,116 sqft), placing it in the top tier locally.
3. The lot seems smaller than others on the street. Is that a concern?
The lot is 5,494 sqft, which is below the street average. This typically means a smaller backyard. For buyers seeking extensive outdoor space or expansion potential, it’s a consideration. For those preferring less yard upkeep, it could be an advantage.
4. What does the 1960 build year imply?
A 1960 build is standard for the area. It indicates a mature home that likely has established landscaping and neighborhood character. Prospective buyers should ensure a thorough inspection to understand the condition of aging components common to houses of this era.
5. Are the property taxes likely to be high?
The municipal tax assessment is above the local average but close to the midpoint city-wide. Taxes are calculated based on this assessment and the annual mill rate. The assessment being above the Rossmere-A average suggests the city attributes a relatively higher value to this property compared to its immediate neighbors.