Property Overview: 68 Rougeau Avenue, Mission Gardens, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 68 Rougeau Avenue presents a distinct profile defined by its contrasts. Built in 1976, it is a functionally average home for its immediate area in terms of age and living space (1,062 sq ft, which is above average for its street). Its primary appeal lies in its position as an accessible entry point into the Mission Gardens neighborhood, underscored by a notably low municipal assessed value compared to nearly all nearby properties. This suggests a potentially lower property tax burden and an opportunity for value-conscious buyers.

The lot size is compact (2,016 sq ft), which translates to minimal exterior maintenance—a plus for downsizers, first-time buyers, or those seeking a low-maintenance lifestyle without moving to a condo. The home last sold in the 2022 price range of $200k-$250k, aligning with its character as a practical, no-frills property.

This home would best suit a pragmatic buyer: a first-time purchaser looking to build equity in a stable neighborhood, an investor seeking a rental property with a reasonable entry cost, or a downsizer wanting to remain in a community setting without the upkeep of a larger yard. Its value proposition is rooted in location and affordability rather than size or modern luxury.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than other homes?
The municipal assessed value is significantly below averages for the street, neighborhood, and city. This typically reflects the home’s specific characteristics, such as its compact lot size, modest living area, and likely functional condition relative to other properties. It generally indicates a lower annual property tax bill.

2. Is the small lot size a major drawback?
It depends on your priorities. The lot is smaller than most in Winnipeg, which limits expansive gardening or large outdoor entertainment space. However, it greatly reduces the time and cost required for yard maintenance, which can be a significant advantage for many.

3. How does the living space compare to the area?
The home’s living area is actually above average for houses on Rougeau Avenue itself, but closer to the average for the broader Mission Gardens area. It offers a practical amount of space for a smaller household, feeling more spacious than many immediate neighbors but not as large as typical city-wide homes.

4. What can the 2022 sale price range tell me?
The previous sale price provides a recent market benchmark. Given that the sale occurred in a different interest rate environment, it’s a starting point for comparison. The exact price is available upon request to help inform your current market evaluation.

5. Who should consider requesting the exact past sale price?
Serious buyers or investors who are conducting detailed financial analysis or preparing an offer will benefit most from knowing the exact figure. It provides a concrete data point for understanding the home’s price trajectory and for making informed comparisons.