Property Overview: 91 Karen Street, Winnipeg
Key Characteristics & Appeal
This home presents a solid, mid-century property in the Rossmere-A neighborhood. Its key appeal lies in its strong positional value within its immediate community. While the 1,115 sqft living area is typical for the area, the property stands out for its assessed value of $374k, which ranks significantly above the neighborhood average and strong on its street. This suggests it is perceived as a well-maintained or favorably positioned home within its local market. The lot size is also slightly larger than average for the street.
The home, built in 1968, is of a vintage common to the area, meaning potential updates may be a consideration alongside its established character. It would suit practical buyers looking for a sound investment in a stable neighborhood—someone who values being in a home that compares favorably to its direct neighbors in terms of valuation and lot size, rather than seeking a standout modern footprint. Its last known sale price range ($400k-$450k in 2021) indicates it has held its value in a competitive tier.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely listing price?
While a strong indicator, the assessed value is for municipal taxation. The last sale price from 2021 and current market conditions will be more direct factors, but a high assessment relative to neighbors often correlates with good upkeep and desirability.
2. How does the age of the home (1968) affect things?
This era of home is standard for Rossmere-A. It typically means proven construction but may involve older mechanical systems (like plumbing or electrical) or layouts that could benefit from modernization. A thorough inspection is advised.
3. The living area is ranked lower than the value. What does that mean?
It suggests the property’s worth is driven by factors beyond just square footage—likely including its condition, specific lot attributes, updates, or its exact placement on the street. You’re paying for quality and position within the area, not maximum size.
4. What can the 2021 sale price range tell me?
It shows the price point the home previously commanded in a hot market. Comparing it to the current assessed value can help gauge how the property’s official valuation has shifted in the years since, providing context for its financial trajectory.
5. How does this home fit within its street and neighborhood?
The data shows a home that is a strong performer on its specific street (Karen Street) in terms of value and lot size, and an even stronger performer within the broader Rossmere-A neighborhood. This indicates it’s likely a well-regarded property in its immediate community.