Property Overview & Appeal

387 Rougeau Avenue is a well-positioned home in Winnipeg's Mission Gardens neighbourhood. Its key appeal lies in its modern build date and strong value standing within its immediate area. Built in 2006, it is notably newer than most homes on its street and in the wider community, suggesting potentially lower maintenance needs and more contemporary systems. With 1,089 sqft of living space, it offers above-average room for the street and is on a generous 4,825 sqft lot.

The standout characteristic is its assessed value ranking. It sits in the elite top 5% on Rougeau Avenue and the top 28% in Mission Gardens, indicating it is perceived as a higher-value property compared to its closest peers. This creates an interesting dynamic: you get a newer home that also holds a premium assessment position on its block. The home last sold between $300k-$350k in 2016.

This property would suit a buyer looking for a relatively modern home in an established neighbourhood without taking on a major renovation project. It’s ideal for someone who values being one of the newest homes on the street and appreciates a lot size that offers good outdoor space. It may also attract buyers interested in properties that have historically held strong value relative to their direct neighbours.

Frequently Asked Questions

1. How does the 2006 build date affect this home?
Being built in 2006 means major components like the roof, windows, furnace, and electrical system are likely younger than those in many neighbouring homes (which average builds from the early 1980s). This can translate to fewer immediate major repairs, though a 20-year-old home will still require routine maintenance.

2. Why is the assessed value so high compared to the street average?
The "Elite" top 5% assessment ranking on the street is significant. It suggests that the municipal assessor views this property's attributes—its newer age, size, and condition—as substantially more valuable than the typical home on Rougeau Avenue. This can be a positive for equity, but it's wise to understand how it impacts annual property taxes.

3. Is the living space smaller than the city average?
Yes, at 1,089 sqft, the living area is below the Winnipeg city-wide average for comparable homes. However, it is actually above average for its own street and on par for the Mission Gardens area. This highlights the importance of neighbourhood context: the home offers space that is competitive and comfortable for its specific location.

4. What does the sold price history from 2016 tell us?
The $300k-$350k sale price from 2016 provides a historical benchmark, but it does not reflect current market value. Its primary use is to show the price point at which it last changed hands nearly a decade ago, which can be a reference point for long-term value trends in the area.

5. How usable is the large lot?
At 4,825 sqft, the lot is larger than average for both the street and the Mission Gardens area. This offers valuable outdoor space for gardening, recreation, or future additions like a deck or shed. It's a less obvious advantage that provides more privacy and flexibility than many lots in the neighbourhood.