Property Overview & Key Characteristics
This 1960s one-storey home in Rossmere-A sits on a generous 5,608 sqft lot, offering a solid foundation in a well-established neighbourhood. Its key appeal lies in its balance of space and value. The living area is a practical 1,048 sqft, and the home features a renovated basement, adding valuable finished space. While it doesn't have a garage or pool, the large lot presents clear potential for expansion, gardening, or outdoor living.
The property’s assessed value of $320k positions it as a competitively priced entry into the neighbourhood, especially for buyers who prioritize land size over a newer build. It would suit first-time buyers, downsizers looking for single-level living, or value-oriented investors seeking a home with a renovated basement for rental potential or immediate livability. A thoughtful perspective is that its lot size ranks highly on its street, suggesting a rarer level of outdoor space for the area that isn't immediately apparent from the home's square footage alone.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
At 5,608 sqft, the lot is in the top 15% for size on Mark Pearce Avenue, meaning it's significantly larger than many of its immediate neighbours.
2. The home was built in 1960. What should I consider?
While the renovated basement is a major plus, a home of this age will likely have original core components, like the roof, windows, and major systems. A thorough inspection is essential to understand their condition and plan for future updates.
3. The home last sold in late 2021. What does that mean?
The sale price of $311k in November 2021 provides a recent market benchmark. The current assessed value of $320k suggests stable value appreciation in line with broader market trends over that period.
4. There's no garage. Is that common here?
The listing indicates no garage, which is not uncommon for homes of this era in Winnipeg. The large lot, however, offers the space to add one, subject to local bylaws and permits.
5. How does this home rank for size and value in the wider area?
Its living space is above average for Winnipeg but typical for Rossmere-A. Its assessed value, however, ranks in the top 40% city-wide, indicating you are getting more house and land for your dollar compared to many parts of the city.