Property Overview: 8-227 Edison Avenue, Winnipeg
Key Characteristics & Appeal
This home at 8-227 Edison Avenue in Rossmere-A presents a solid, value-oriented opportunity. Built in 1979, its 1,038 sqft living space is notably above average for its street and on par with broader area and city averages. The standout feature is its assessed value of $207,000, which ranks well above the street average and suggests a stronger inherent valuation compared to its immediate neighbors. This creates an interesting dynamic: you’re getting a home that holds its own in size within the wider city, while occupying a position of relative strength on its own block.
The appeal lies in its balance and practicality. It suits first-time buyers or pragmatic investors looking for a stable entry into the Winnipeg market without overextending. The data indicates you’re not buying the newest or largest home, but rather one that represents above-average substance for its specific location. A thoughtful perspective is that its higher assessed value on the street could signal better maintenance, upgrades, or simply a more favorable lot placement compared to nearby properties, potentially offering a slight edge in future resale within the micro-market of Edison Avenue.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home sold between $150,000-$200,000 in March 2021. That sale price ranked in the top 80% for the street at the time, indicating it was a stronger performer. Its current assessed value of $207,000 continues this trend, sitting above the street’s average assessed value.
2. Is the living space adequate for a small family?
At 1,038 sqft, the living area is larger than most homes on Edison Avenue and is very close to the Winnipeg average for comparable properties. It should provide comfortable space for a small family or couple.
3. What does the "Above Average" ranking for assessed value on the street mean?
It means this home’s official municipal assessed value is higher than most of its direct neighbors. This can be influenced by factors like condition, improvements, or lot specifics. It often, but not always, correlates with a higher market value.
4. The home was built in 1979. Are there concerns about its age?
While not a new build, its 1979 construction date is actually newer than the neighborhood average for Rossmere-A. This suggests the home may have been built later than many in the area, potentially benefiting from slightly updated building practices for its era.
5. How can I find out the exact historical sale price?
The provided data shows a sale price range. Due to industry rules, exact sale figures are not published automatically on this site. You can request the exact sold price history via email, and the service will manually look up and send the verified information to you.