Property Overview: 79 Karen Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 79 Karen Street in the Rossmere-A neighborhood presents as a solid, average-sized property within the Winnipeg market. Built in 1968, its 1,115 sqft living space and 5,822 sqft lot are very close to the averages for both its immediate street and the broader community. Its municipal tax assessment of $355,000 is notably above the Rossmere-A average, positioning it in the top 25% of the community for assessed value, which can signal perceived stability or recent improvements.
The primary appeal lies in its established neighborhood setting and its consistency. It’s not an outlier in size or age, which can be attractive to buyers seeking a predictable, balanced property without extreme features. The data suggests a home that has likely kept pace with area norms. A thoughtful perspective is that its "above average" assessment within the community, paired with "close to average" physical attributes, could indicate a well-maintained home on a desirable street, or perhaps one with updates that are recognized in its valuation.
This property would suit first-time buyers or downsizers looking for a manageable, low-drama home in an established area. It’s also a practical fit for value-conscious buyers who appreciate a neighborhood where the home’s assessment value stands a bit taller than its physical footprint, potentially suggesting good underlying value.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to its neighbors?
The living space of 1,115 sqft is very close to the Rossmere-A community average (1,116 sqft) and slightly below the average for Karen Street itself (1,168 sqft). It represents a typical, mid-range size for the area.
2. What does the tax assessment value tell me?
The $355,000 assessment is higher than the community average. This is used to calculate property taxes and can reflect the city’s valuation of the property relative to others. It’s important to note that the final sale price can differ from this assessed value.
3. Are there recent sales data for this home?
According to the provided information, the home transacted in August 2023 for an estimated $450,000-$500,000. For precise, verified historical sale data, you would need to request it directly from the source, as it is not from the MLS system.
4. How does the lot size compare?
At 5,822 sqft, the lot is slightly larger than the average on Karen Street and in Rossmere-A, but somewhat smaller than the average lot across all of Winnipeg.
5. The home was built in 1968. What should I consider?
This is a typical build year for the Rossmere-A area. Buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, windows, plumbing, and electrical systems, and to check for any updates that may have been made.