Property Overview
This 1956-built home at 533 Linden Avenue in Winnipeg's Rossmere-B neighborhood presents a straightforward, mid-century property with clear metrics for comparison. Its appeal lies in its consistency and position as a manageable entry point into the market. The 1,085 sqft house sits on a 4,492 sqft lot, with a current assessed value of $302k.
Key Characteristics & Ideal Buyer
The home's data paints a picture of reliable averageness within its immediate context. Its living area, assessed value, and build year are all consistently "around average" when compared to homes on its street and in Rossmere-B. This suggests a property that is neither standout nor laggard in its core peer group. A less obvious point is its lot size, which is below average for both the street and neighborhood, potentially indicating a more manageable yard with lower maintenance. The home was last sold in late 2016 for an estimated $150k-$200k, which was a top-tier value at the time, hinting at a history of being a well-priced option.
This property would suit a first-time buyer or a practical downsizer looking for a home that requires no speculation. It’s for someone who values predictability over potential, seeking a residence that aligns with neighborhood norms in size, value, and era. The data suggests it’s a known quantity, offering a stable foundation rather than a dramatic renovation or investment opportunity.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $302k is for municipal tax purposes and is a lagging indicator. It sits slightly below the current street ($309.5k) and neighborhood ($311.9k) averages, which may provide a rough benchmark, but the final sale price will be determined by current market conditions.
2. Is the lot size a disadvantage?
At 4,492 sqft, the lot is smaller than many on the street and in Rossmere-B. This could mean less outdoor maintenance and a more compact yard, which some buyers may prefer. It's a trade-off between private outdoor space and upkeep.
3. The home was built in 1956. What should I be aware of?
Built in 1956, this home is newer than many on its street (average build year 1951) and in the neighborhood (average 1955). While still an older home, this slightly newer build date may suggest updated infrastructure for its era, but a thorough inspection for original plumbing, wiring, and insulation is essential.
4. How does this property compare to the wider Winnipeg market?
Citywide, this home's assessed value ranks in the top 70%, meaning it's valued higher than many Winnipeg homes. However, this is largely because its value is significantly below the citywide average of $390.1k, highlighting Rossmere-B as a more affordable area within the city.
5. Can I find out the exact price it last sold for?
The property last sold in November 2016 for an estimated $150k-$200k, which was in the top 2% of value for the area at that time. The exact sale price is not publicly displayed in the provided data, but the source indicates it can be requested directly from them.