Property Overview: 551 Roberta Avenue, Winnipeg
Key Characteristics & Appeal
This 1,156 sqft bungalow, built in 1961, presents a solid, value-conscious opportunity in the Rossmere-B neighborhood. Its primary appeal lies in offering above-average space and lot size for its immediate area at a manageable price point. The home sits on a notably generous 5,973 sqft lot—ranking in the top 10% on its street—which provides ample outdoor space and potential for gardening, expansion, or simply more privacy than typical area properties. While the living area is modest by city-wide standards, it is comfortably above the neighborhood average, suggesting good utility for its footprint.
The home suits first-time buyers or practical downsizers seeking a stable, established community without a premium price tag. Its assessed value ($334k) sits logically between the lower neighborhood average and higher city average, indicating a fair market entry. A thoughtful perspective is that this property represents a "middle ground" investment: it's not the newest or largest home, but it outperforms many local comparables in key metrics like lot size and year built, offering a balance of affordability and relative advantage within its specific community.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, the home sold between $350k-$400k in May 2024. This placed the sale price in the top 15% for the street and top 13% for the neighborhood at that time, indicating it was a competitive transaction that buyers valued highly relative to nearby options.
2. Is the lot size a significant feature?
Yes. The lot of nearly 6,000 sqft is a standout, being significantly larger than the street average (4,987 sqft). This is a less obvious advantage that provides more yard space than most neighboring properties, which can be valuable for privacy, recreation, or future projects.
3. How does the home’s age affect its appeal?
Built in 1961, the home is newer than many in Rossmere-B, ranking in the top 11% for the neighborhood. This suggests potentially fewer immediate concerns with aging infrastructure compared to older area homes, though the condition of specific updates (roof, windows, HVAC) should always be verified.
4. Who might this property not suit?
Buyers seeking a move-in-ready home with modern, open-concept layouts or those needing substantial square footage by city standards may find it limiting. Its appeal is geared more toward those who value lot size and neighborhood positioning over sheer interior space.
5. How can I verify the exact sale price and history?
The provided sold price is an estimated range from public records. For fully verified figures and a complete transaction history, you must request a manual lookup from the site, as MLS data is not displayed here due to industry regulations.