Property Overview: 163 Rougeau Avenue, Mission Gardens, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 163 Rougeau Avenue presents a compelling opportunity in Winnipeg's Mission Gardens neighborhood. Its primary appeal lies in offering above-average space and value within its immediate context. With 1,363 sqft of living area, the home is notably larger than most on its street and in the local area, ranking in the top 7% and 22% respectively. It sits on a 5,196 sqft lot, which is also generous for the street. Built in 1988, it is a relatively modern home compared to many in the city.

The standout characteristic is its assessed value of $42,10k, which places it in the elite top 5% on Rougeau Avenue. This suggests the property is recognized as a high-value asset relative to its direct peers, potentially due to its size, condition, or improvements. A less obvious perspective is that this creates a interesting dynamic: you're acquiring a home that is statistically a leader on its block, yet it remains aligned with average city-wide benchmarks for size and value. This positions it as a solid, established property rather than an outlier.

This home would ideally suit practical buyers looking for space and neighborhood standing without a premium city-wide price tag. It’s excellent for families or those wanting room to grow, offering more interior and land space than nearby homes. It also suits value-conscious buyers who appreciate a property that holds strong relative worth in its micro-market, indicating good upkeep and investment potential within the community.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to the likely market price?
Assessed value is for municipal tax purposes and is not a direct indicator of market price. However, its high ranking on the street suggests the city recognizes it as a well-improved property relative to its neighbors. Market price is determined by current buyer demand.

2. What does the sold price history from 2018 indicate?
The home sold for an estimated $300k–$350k in 2018. This historical data provides a benchmark, but the current market value will be influenced by factors like market conditions, interest rates, and any updates made to the home since that time.

3. Is a home built in 1988 likely to have major issues?
Homes from this era typically incorporate modern wiring and standards. While major components like the roof or furnace may be due for inspection or replacement given its age, the structure itself is past the initial settlement period, and any significant flaws would likely be known and possibly addressed.

4. Why is the living area considered above average locally but average city-wide?
This highlights the character of the Mission Gardens area. The neighborhood may feature a mix of older, more modest-sized homes and newer infill. This property offers more space than many of its immediate neighbors, providing a relative advantage within the area you'd live in day-to-day.

5. How can I get the exact sold price history?
The exact sale prices are not publicly displayed in detail due to privacy regulations. You can request the precise historical sold price by emailing the listing service through the provided button. They manually provide this data without using your email for unsolicited marketing.