Property Overview
This 1958-built home at 637 Mcleod Avenue in Winnipeg's Rossmere-A neighborhood presents a solid, middle-of-the-road offering with some notable financial advantages. Its key appeal lies in its established community setting and a property assessment that suggests good value relative to the immediate area.
Key Characteristics & Appeal
The home features 1,056 sqft of living space and sits on a 5,376 sqft lot, both metrics that are consistently close to the average for its street, community, and the wider city. This indicates a standard-sized home for the area, neither exceptionally large nor small. Its construction year (1958) is typical for the street but is actually older than most homes in the broader Rossmere-A community, suggesting a well-established streetscape.
The standout characteristic is its tax assessment value of $362,000. This figure ranks in the top 28% on its own street and the top 20% within the Rossmere-A community, meaning it is assessed higher than many comparable nearby properties. While the city-wide assessment is average, this strong local ranking could point to perceived stability or desirable attributes specific to this property. Recent sales activity shows significant price appreciation, with a sale in the $400,000-$450,000 range in May 2024, placing that transaction in the top 7% for the street.
This property would suit a practical buyer looking for a home in a mature neighborhood without extreme outliers in size or age. It’s a candidate for someone who appreciates a home that holds its own in the local market, as suggested by the assessment rankings, and is comfortable with a vintage that may require updates. The data suggests it's a home for those who value community consistency over standout modern features.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
At 1,056 sqft, the living area is very close to the average for both Mcleod Avenue and the Rossmere-A community. It provides a standard amount of space for the area.
2. The home was built in 1958. Is it older than most in the area?
On Mcleod Avenue, it's close to the average build year. However, within the larger Rossmere-A community, it ranks in the older third of homes, meaning many neighboring houses were built more recently.
3. Why is the tax assessment value notably higher than the local average?
The assessment of $362,000 ranks well above the local averages for the street and community. This can be influenced by various factors, including lot specifics, home condition, and recent improvements, and suggests the property is viewed favorably by assessors compared to its immediate peers.
4. What does the recent sales history indicate?
The home sold twice in 2024. A sale in the $300,000-$350,000 range in January was around the local average, but a subsequent sale in the $400,000-$450,000 range in May ranked in the top percentiles for the area, indicating a sharp increase in market value over a short period.
5. Where can I find precise historical sale prices?
The page provides estimated sale price ranges. For absolute accuracy, you must request the exact data via email, as the site does not display official MLS transaction records due to licensing restrictions. They offer to provide the information manually.