618 Mark Pearce Avenue

Property Overview: 618 Mark Pearce Avenue, Winnipeg

Key Characteristics & Appeal

This 1,220 sqft bungalow, built in 1960 on a 6,048 sqft lot in Rossmere-A, presents a solid, above-average offering within its immediate context. Its primary appeal lies in its strong standing relative to its direct neighbors and local area. The home ranks in the top 20% within the neighborhood for both living area and assessed value, suggesting it is a larger and more valuable property than most in Rossmere-A. It sits on a lot size that is above average at every comparison level.

The data indicates this property would suit buyers looking for a well-established home in a stable neighborhood, who value space and a property that outperforms its local peers. It’s particularly appealing for those who prioritize a sense of relative value—owning a home that stands out positively on its own street and community rather than just citywide. The sale history shows a significant value increase between 2017 and 2024, pointing to strong appreciation. A thoughtful perspective is that while the home is around the citywide average in size and value, its local dominance suggests a premium position within a desirable pocket of Rossmere-A, potentially offering more stability and less competition than trending areas.

Frequently Asked Questions

1. How does this home really compare to others nearby?
The home consistently ranks above average on its street and in Rossmere-A for key metrics. It is larger than 89% of homes on Mark Pearce Avenue and has a higher assessed value than 86% of them, making it a standout property in its immediate vicinity.

2. What does the sale history tell us?
The property sold in July 2024 for an estimated $400k–$450k, which placed it in the top 9% of neighborhood sale prices at the time. This marks a substantial increase from its previous sale in 2017 for $300k–$350k, demonstrating significant equity growth over seven years.

3. Is the assessed value a reliable indicator of the market price?
The assessed value of $376k is a municipal valuation for tax purposes. Notably, it is above the neighborhood average and the last sale price range was higher, suggesting the market may value the property above its assessed value. Always rely on a current market evaluation for pricing.

4. What are the less obvious considerations with a 1960s bungalow?
While the 1960 build date is typical for the area, it is newer than most on its specific street. Buyers should still budget for potential updates to major aging components like the roof, windows, and mechanical systems, which may be nearing the end of their service life.

5. How can I get the exact historical sale prices?
The exact sale figures are not publicly displayed. You can request them directly via the email link provided on the listing page. The process is manual, and the information is typically provided within a day without using your email for marketing.