Property Overview & Key Characteristics
This 1,194 sqft home at 364 Helmsdale Avenue in Winnipeg's Rossmere-B neighborhood presents a solid, grounded opportunity. Its primary appeal lies in its balance of space and value within a well-established community. The home itself, built in 1940, is older than most on its street and in the wider area, suggesting a classic character and potential for updates. Its living area is comfortably above average for the immediate neighborhood.
The standout feature is the lot size. At 6,750 sqft, the property offers an "Elite" amount of land compared to other homes in Rossmere-B, ranking in the top 4%. This provides exceptional outdoor space for gardening, recreation, or future expansion that is rare for the area. With an assessed value of $340k, it sits around the average for its street but below the Winnipeg city average, indicating a potentially efficient entry point into a neighborhood with above-average property values.
This home would best suit a buyer who values generous outdoor space over a modern build, and who is comfortable with the character and potential maintenance considerations of an older home. It's a practical choice for those seeking a established community feel with room to grow, and who may see the older construction date as a canvas for personalization.
Frequently Asked Questions
1. What does the "Elite" lot size ranking actually mean for me?
It means the property's 6,750 sqft lot is significantly larger than most in the Rossmere-B neighborhood. You'll have more private outdoor space than roughly 96% of comparable homes in the area, which is a major advantage for privacy, landscaping, or adding features like a shed or deck.
2. The home is older than most in the area. Should I be concerned?
The 1940 build date means the home has a below-average ranking for year built. This isn't inherently negative, but it does suggest you should pay particular attention to the condition of major systems (roof, plumbing, electrical, foundation) during an inspection. It also often means charming original features but potentially less modern, open layouts.
3. How does the assessed value relate to the likely selling price?
The $340k assessed value is for municipal tax purposes and is a historical estimate. Recent sale price ranges for this property (between $250k-$300k in 2016 and 2020) have been below this assessment. The selling price will be set by the current market, but this history provides context for its value trajectory.
4. Is the living space adequate for a family?
At 1,194 sqft, the living area is above the neighborhood average (1,047 sqft) and provides a comfortable footprint. The layout and number of bedrooms (not specified in the data) will be key factors. The ample lot size could allow for an addition if more indoor space is needed in the future.
5. How does this property compare to others on the same street?
On Helmsdale Avenue, this home has a larger-than-average lot and slightly more living area than the street average. However, it is notably older than most homes on the block. Its assessed value is very close to the street average, suggesting it is priced in line with its immediate location despite the age difference.