425 Kimberly Avenue

Property Overview

This home at 425 Kimberly Avenue in Winnipeg's Rossmere-B neighborhood presents a solid, above-average offering in several key areas. Built in 1955, its 1,144 sqft living space is notably larger than most comparable homes on its street and in the immediate community. The property stands out most significantly for its tax-assessed value of $383,000, which ranks in the top 5% on Kimberly Avenue and top 4% in Rossmere-B, suggesting official recognition of its condition, improvements, or lot value relative to its peers. The lot size of 6,705 sqft is also a considerable asset, providing ample outdoor space that is well above the neighborhood average.

The appeal lies in its strong positional value within its local market. It's a property that outperforms its direct surroundings in terms of square footage, lot size, and assessed value, offering more space and recognized worth than typical homes nearby. This would suit practical buyers looking for a established neighborhood character who value a larger yard and interior space over a newer build. It's also a sensible choice for those attentive to property assessments, as its high relative assessment could indicate good underlying value, though it also implies a correspondingly higher property tax bill.

Frequently Asked Questions

1. Why is the tax assessment so much higher than neighboring homes?
The assessment of $383,000 ranks in the top 4-5% for the area. This typically reflects factors like significant updates, additions, superior condition, or a premium lot feature that the municipal assessor has recognized, translating to higher property taxes but also a potentially higher market value.

2. How does the 2022 sale price of $45-50K relate to today's value?
That sale price from mid-2022 placed the home in the top 1% of its local market at that time. While it indicates strong past performance, it serves as a historical benchmark. Current value would be influenced by market conditions, any further improvements, and updated assessments since then.

3. Is the 1955 build year a concern?
The build year is typical for Rossmere-B. The key consideration isn't the age itself, but the state of major aging components like the roof, plumbing, electrical, and foundation. The high assessment suggests the home has likely been well-maintained or updated.

4. What are the pros and cons of the large lot?
The 6,705 sqft lot (over 50% larger than the community average) is a major pro for privacy, gardening, play space, or future expansion. The con is the associated maintenance (lawn care, landscaping) which requires more time or expense.

5. How accurate is the comparative data provided?
The rankings and averages are useful for understanding this property's relative standing on specific metrics like size and assessment within its defined geographic circles. However, for an exact sale price history or a current market valuation, consulting a real estate professional and reviewing a full MLS comparative market analysis is recommended.