Property Overview & Key Characteristics

This 1,100 sqft bungalow at 369 Rougeau Avenue, built in 1976, presents a practical opportunity in Winnipeg's Mission Gardens neighbourhood. Its primary appeal lies in its efficient use of space; the living area is notably above average for its immediate street and holds its own within the wider area, suggesting a well-utilized floor plan within a modest footprint. The assessed value is comparatively low for the Mission Gardens area, which may indicate a different valuation approach or property condition, but aligns with averages on its own street and city-wide.

The lot size of 3,076 sqft is compact, especially compared to other properties in Mission Gardens, which typically have larger lots. This could be a drawback for those seeking extensive outdoor space, but it translates to lower maintenance—a potential benefit for downsizers or first-time buyers. The home’s age places it in a mature stage where significant components may be due for updates, but it also sits in an established, stable streetscape.

This property would likely suit a practical buyer: a first-time homeowner comfortable with a home that may require gradual updates, or a downsizer looking for a manageable space without the upkeep of a large yard. Its value proposition is rooted in space efficiency and location within a established neighbourhood, rather than premium lot size or a modern build.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value of $30.5k is for municipal tax purposes. The last known sale was between $200k-$250k in 2017. Market price is determined by current conditions, property state, and buyer demand, so a professional appraisal or comparative market analysis is essential.

2. The lot seems smaller than others in Mission Gardens. Is that a major limitation?
It depends on your lifestyle. The lot is indeed below the neighbourhood average, limiting potential for large additions, pools, or extensive gardening. However, it means less time and money spent on yard maintenance, which can be a positive for those seeking a low-maintenance property.

3. What does the home’s age (50 years) mean for a buyer?
A home of this age may have older major systems (like roof, windows, plumbing, or electrical) that could be near or past their typical lifespan. A thorough inspection is crucial to understand the condition and anticipate potential near-future repair or replacement costs.

4. The living area ranks highly on the street but average in the city. What does that signify?
It indicates the home offers more interior space than many of its direct neighbours, which is a local advantage. City-wide, it’s a standard size. This suggests you're getting a relatively spacious home for that specific block, which is a smart way to gauge value within the immediate community.

5. How can I find out the exact historical sale prices?
The provided sale price is a range based on public data. As noted on the listing, you can request the exact sold price history by emailing the source directly. They provide this information manually and state they do not use contact details for unsolicited marketing.