Property Overview: 481 Leighton Avenue, Winnipeg
Key Characteristics & Appeal
This 1956 home in Rossmere-B presents a solid, value-oriented proposition centered on its generous lot. Its primary appeal lies in the land itself—at 6,598 sqft, the property boasts a lot size that ranks in the top 5% on its street, offering significant outdoor space and potential in a mature neighborhood. While the 1,003 sqft living area is typical for the immediate area but below the Winnipeg city average, the assessed value of $352k sits notably above local street and neighborhood averages, suggesting the lot premium and the home's condition are key value drivers.
The property would suit practical buyers who prioritize yard space over square footage, such as those with gardening ambitions, a need for room for children or pets to play, or long-term plans that could utilize the land. It’s a home for someone who sees value in a established community like Rossmere-B and is comfortable with a house whose interior size is efficient rather than expansive. A thoughtful perspective is that this property represents a trade-off: you are acquiring a superior land position in a stable area, which may offer better long-term value or adaptability than a larger home on a smaller lot.
Frequently Asked Questions
How does the home’s size compare to others?
The living area of 1,003 sqft is very close to the Rossmere-B neighborhood average. It is a typical size for the area but is considered below average when compared to homes across the entire city of Winnipeg.
Why is the assessed value higher than the neighborhood average?
The assessed value of $352k is above the averages for both the street and Rossmere-B. This is likely influenced by the property's significantly larger-than-average lot size and the home being newer than many on the block, as it was built in 1956 compared to a street average of 1946.
What is the recent sales history?
Records indicate the property sold in February 2021. The sold price is listed within the range of CA$350k–$400k, which placed it in the top 21-29% for the area at that time. For verified, exact historical sale figures, a manual lookup can be requested.
What are the property taxes?
The property tax amount is not provided in this data. Taxes would be calculated based on the City of Winnipeg's mill rate applied to the $352,000 assessed value. The final amount can be confirmed through the city’s tax assessment department.
Is the lot size a major feature?
Yes. The 6,598 sqft lot is a standout characteristic, ranking in the elite 5% for size on Leighton Avenue and above average both neighborhood-wide and citywide. This is a key differentiator for this property.