273 Helmsdale Avenue

Property Overview: 273 Helmsdale Avenue, Winnipeg

Key Characteristics & Appeal

This 1,328 sqft home on a 5,381 sqft lot in Rossmere-B presents a solid, value-conscious opportunity. Built in 1949, it is an older home on its street and within the wider neighborhood, which suggests potential for updates but also reflects its established, mature setting. The living space is a key strength: it's notably larger than most homes in the immediate Rossmere-B area and slightly above average for its specific street, offering more room than many comparable local properties.

Its assessed value of approximately $328k sits around the average for Helmsdale Avenue and is above the neighborhood average, indicating it is perceived as a substantial property within its immediate community. The lot size, while smaller than others on the same street, is typical for the broader Rossmere-B area. The home last sold in early 2022 for an estimated $350k-$400k, a price point that performed well compared to citywide sales at the time.

This property would suit practical buyers looking for above-average space in a mature neighborhood without a premium price tag. It appeals to those who value a home that stands well within its local context—offering more interior room than many neighbors—and who are comfortable with a vintage home that may benefit from modernization. It's a sensible choice for someone prioritizing space and location value over a newer build or a larger yard.

Frequently Asked Questions

1. How does this home really compare to others nearby?
The data shows it offers more living space than about 92% of similar homes in Rossmere-B and is in the top 19% for size on its own street. However, it's an older property on the block, and the lot is smaller than most of its direct neighbors.

2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($328k) is a municipal valuation for tax purposes. The last known sale in 2022 was in the $350k-$400k range. Current market conditions, the home's updated condition, and buyer demand will ultimately determine the price.

3. What does the sale history and "Top %" ranking from 2022 mean?
When it sold in early 2022, its sale price ranked in the top 17% for its street and top 16% for the neighborhood, meaning it sold for more than most comparable local properties at that time. This indicates it has been viewed as a desirable property in its area.

4. Are there any obvious red flags from this data?
The consistent ranking as an "older" home across all comparison levels (street, neighborhood, city) is the most notable point. This doesn't imply an issue, but it strongly suggests buyers should pay close attention to the condition of major aging components like the roof, windows, plumbing, and electrical systems.

5. Who would this property NOT be well-suited for?
It may not suit buyers seeking a move-in-ready modern home without any projects, those who prioritize a very large private yard, or anyone hesitant about the potential maintenance and update costs associated with a home from the late 1940s.