Property Overview
This 1955-built home at 457 Kimberly Avenue in Winnipeg's Rossmere-B neighborhood presents a solid, mid-century property with clear strengths in its lot size and recent value appreciation. Its appeal lies in offering a well-sized, established property in a neighborhood of similar homes, with a recent sale history suggesting growing demand.
Key Characteristics & Suitability
The home sits on a 6,712 sqft lot, which is notably larger than most in both the immediate area and citywide, ranking in the top 7% of the Rossmere-B neighborhood. This is the property's standout feature, offering ample outdoor space relative to its peers. The living area of 1,022 sqft is typical for the street and neighborhood but below the Winnipeg average. Its assessed value of $327k is above the street average, and a sale in early 2022 in the $350k-$400k range placed it in the top 6% of sales on Kimberly Avenue at that time, indicating a strong premium was paid.
This property would suit a buyer who prioritizes yard space over interior square footage, and who values a home in a stable, established area where properties are of a similar age and scale. It’s a practical choice for someone comfortable with a home from the 1950s, likely seeing the large lot as an asset for privacy, gardening, or future expansion. The recent sale history suggests it may also attract buyers who perceive upside in the specific location within Rossmere-B.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot is a key advantage. At 6,712 sqft, it is significantly larger than the neighborhood average (~5,270 sqft) and the street average (~5,432 sqft), placing it in the top quarter of properties on Kimberly Avenue.
2. What does the sale history indicate about the property's value?
The home sold in March 2022 for an estimated $350k-$400k, a price that ranked in the top 6% for the street at that time. This followed a sale just six months prior in September 2021 for an estimated $250k-$300k, suggesting a period of rapid value increase at that time.
3. Is the living space smaller than average?
For the specific street and Rossmere-B neighborhood, the 1,022 sqft living area is very close to the average. However, it is below the citywide average for comparable homes, which is around 1,342 sqft.
4. How does the assessed value compare to recent sales of similar homes?
The current assessed value is $327k. Nearby comparable homes from the same era have recent assessments ranging from about $288k to $349k, placing this property at the higher end of that local spectrum.
5. What is the general character of the immediate area?
The surrounding homes on Kimberly Avenue and nearby streets like Helmsdale and Oakview are predominantly built in the mid-1950s, with similar lot and living area footprints. This suggests a consistent, established streetscape without extreme variation in property size or style.