Property Overview
This 1,070 sqft bungalow at 362 Dunrobin Avenue in Winnipeg's Rossmere-B neighborhood presents a solid, established home with notable value within its immediate area. Built in 1951, it sits on a slightly larger-than-average lot for the neighborhood. The key data reveals a property that stands out more for its financial assessment than its size or age. Its assessed value of $377k ranks in the top 5% for Rossmere-B and the top 7% on its own street, indicating it is viewed as a premium property within this specific community. However, its living area and age are more in line with local averages. This creates an interesting dynamic: you are acquiring a home considered above average in value for the block, but without the corresponding above-average square footage. This could point to factors like lot desirability, updates, or specific location advantages not captured in raw metrics.
The appeal lies in securing a well-positioned property in a stable neighborhood, where its value assessment suggests it is a standout among its direct peers. It would suit practical buyers who prioritize a good investment footprint in a community over a brand-new home, and who may see potential in a vintage bungalow layout. It’s particularly suited for someone looking at long-term value in Rossmere-B, where the property already holds an "elite" assessed value ranking locally.
Frequently Asked Questions
1. Why is the assessed value so high compared to the neighborhood average?
The home's assessed value ($377k) ranks in the top 5% for the Rossmere-B area, significantly above the neighborhood average of ~$312k. This premium assessment could be due to a combination of its larger lot size, specific upgrades, its position on the street, or simply a strong appraisal relative to recent sales of comparable homes in the immediate vicinity.
2. How does the living space compare to nearby homes?
At 1,070 sqft, the living area is very close to the average for both Dunrobin Avenue (1,092 sqft avg) and the Rossmere-B neighborhood (1,047 sqft avg). It is a comfortably average-sized home for the area, not unusually large or small.
3. What does the sale history indicate?
Public data shows the home sold between $350,000 and $400,000 in January 2023. This recent sale price range aligns closely with its current $377k assessed value, suggesting the assessment is in tune with the recent market.
4. Is the lot size a significant feature?
The lot of 5,955 sqft is above average for the Rossmere-B neighborhood, ranking in the top 30%. This offers more outdoor space than many neighboring properties, which can be a key asset for privacy, gardening, or expansion.
5. The home was built in 1951. How does that compare?
The 1951 build date is slightly older than the averages for the street, neighborhood, and city. In this context, it is a mature, established home. Buyers should factor in the potential for updates to major aging components like the roof, windows, or mechanical systems, which is typical for homes of this vintage.