225 Kimberly Avenue

Property Overview: 225 Kimberly Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 225 Kimberly Avenue in the Rossmere-B neighborhood is a classic post-war bungalow, built in 1949. Its key appeal lies in offering a solid entry point into the Winnipeg market, presenting a balance of a generous lot size and a manageable, smaller home footprint.

The 926 sqft living area is notably compact, ranking below the average for the street, neighborhood, and city. This characteristic defines its primary buyer profile: first-time homebuyers, downsizers, or investors seeking a lower-maintenance interior space or a property with renovation potential. The nearly 5,831 sqft lot, however, is a significant asset, being larger than many in the immediate area. This provides valuable outdoor space, room for gardening, or future expansion, offering a key advantage not immediately apparent from the home's square footage alone.

With a municipal assessed value of $290,000, which sits below the Winnipeg city average, the property suggests a relatively accessible price point. Its last recorded sale was between $200,000-$250,000 in late 2016. The home suits practical buyers who prioritize land value and location over move-in-ready size or modern finishes. It’s a property where the value may be more in what you can do with it—whether living affordably, updating over time, or leveraging the lot—rather than in its current state.

Section 2: Frequently Asked Questions

1. How does the smaller living area impact value and livability?
While the living space is below average in size, it results in lower utility costs and less interior maintenance. The value is balanced by the larger-than-average lot, which is a permanent asset that can enhance future resale or enjoyment.

2. The home was built in 1949. What should I consider?
As a home from this era, prospective buyers should budget for potential updates to major systems like plumbing, electrical, or insulation. A thorough inspection is essential to understand the condition of these core components.

3. What does the assessed value ($290,000) mean for the likely selling price?
The municipal assessed value is used for calculating property taxes and is not a direct indicator of market value. The selling price will be determined by current market conditions, the home's specific condition, and buyer demand. The 2016 sale price provides a historical baseline, but the market has likely shifted since then.

4. The lot is large for the area. What are the possibilities?
The 5,831 sqft lot offers excellent outdoor space for families or gardening enthusiasts. It may also provide the potential for future additions like a garage, workshop, or expanded living space, subject to local zoning and permit regulations.

5. How can I get accurate historical sale price data for this home?
The page indicates that precise MLS sale records are not publicly displayed due to industry regulations. To obtain the exact sale history, you must register on the site and request the data via email, which will be provided manually by the site operators.