Property Overview
This 1975-built home at 251 Kimberly Avenue in Winnipeg's Rossmere-B neighborhood presents a solid, above-average offering in a well-established area. Its key appeal lies in its balance of space, value, and a quieter neighborhood setting. With 1,510 square feet of living area, it provides significantly more space than most homes on its street and in the immediate area, ranking in the top 10% locally for size. The assessed value of $321,000 sits around the average for the neighborhood, suggesting a fair valuation relative to its peers. The lot is a standard city size at just over 5,200 square feet.
The home would suit practical buyers looking for move-in-ready space without a premium price tag. It's ideal for young families seeking room to grow in a stable community, or for downsizers who still want a generous living area without the upkeep of a much larger property. Its above-average living space in an area of generally smaller, older homes is a distinct advantage for those prioritizing interior room over a massive yard.
Frequently Asked Questions
How does this home's value compare to recent sales?
The home last sold in June 2022 for an estimated $350k-$400k. Its current assessed value of $321k is below that sale range, which may reflect market adjustments or provide a potential entry point for negotiation.
Is the home newer than others nearby?
Yes. Built in 1975, it is notably newer than many homes on Kimberly Avenue (average year built 1958) and in the Rossmere-B neighborhood (average 1955). This could mean fewer concerns with aging infrastructure common in mid-century builds.
What does the "Elite" neighborhood ranking for living area mean?
This means the home's interior square footage is in the top 4% of all 1,567 comparable properties in the Rossmere-B area. You are getting more house, space-wise, than nearly all similar homes in the wider neighborhood.
Has the property appreciated in value?
Based on the last two sales, it appears so. It sold between $250k-$300k in 2017 and then $350k-$400k in 2022. This indicates a strong upward trend over that five-year period, though the current assessment suggests a moderation.
Are the property taxes likely to be high?
The assessed value is around the neighborhood average and significantly below the Winnipeg citywide average for comparable homes ($390.1k). This suggests the property tax burden should be relatively moderate for a home of its size within the city.