Property Overview: 366 Leighton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1953-built home in Rossmere-B presents a practical opportunity in Winnipeg's housing market. With 970 square feet of living space on a 4,776 sqft lot, its size is typical for its immediate street and neighborhood, though modest compared to the citywide average. Its primary appeal lies in its position as a value-conscious entry point. The assessed value of $270k is notably below the averages for its street, neighborhood, and the city, suggesting a potentially lower property tax burden and an accessible price point.
The home would suit first-time buyers or investors seeking a straightforward, no-frills property in an established neighborhood. Its average-to-below-average rankings across most metrics indicate it's not a standout in terms of size or assessed value, which can be an advantage for buyers focused on fundamentals rather than premium features. A thoughtful perspective is that a home ranking "around average" within its own community can offer stability and predictability, free from the premium often attached to top-tier comparable properties. Its last known sale was between $250k-$300k in 2019, providing a recent benchmark for value.
Section 2: Frequently Asked Questions
1. Is this house smaller than most in Winnipeg?
Yes. The living area ranks in the top 77% citywide, meaning about 77% of comparable homes in Winnipeg are larger. Its size is more aligned with the averages for its specific street and Rossmere-B neighborhood.
2. Why is the assessed value lower than the neighborhood average?
The assessed value of $270k is below the Rossmere-B average of ~$312k. This can be due to a combination of the home's modest size, lot size, and its specific condition, features, or improvements relative to neighbors.
3. How does the lot size compare?
The lot is 4,776 sqft, which is below average for Leighton Avenue and Rossmere-B, but closer to the citywide average. It provides a standard outdoor space for the area.
4. What can the 2019 sale price range tell me?
The home sold for an estimated $250,000-$300,000 in July 2019. This provides a concrete historical price point, and the current assessed value suggests a relatively stable valuation in the years since.
5. Are the nearby comparison homes similar?
The listed nearby properties on Greene and Linden Avenues show a mix. Some have similar assessed values but more living space, while others are much smaller with significantly lower values. This highlights the variety within Rossmere-B and suggests that value here is influenced by specific home characteristics beyond just location.