Property Overview

169 Emerson Avenue presents a classic Winnipeg home where the true value lies in its land. Built in 1961, the house itself is modest in size and age compared to its immediate neighbors, but it sits on an exceptionally large, private lot that is among the top 3% city-wide. This creates a distinct profile: a home that offers average living space at a stable, market-aligned value, but with outstanding outdoor potential.

Key Characteristics & Appeal

The primary draw of this property is its land. With over 12,200 square feet, the lot is nearly double the average for the street and neighborhood. This isn't just a bigger yard; it translates to significant privacy, space for gardens, play areas, or future additions like a garage, workshop, or patio. The house, while older, has a living area and assessed value that are consistently "around average" for Emerson Avenue, River East, and Winnipeg overall, suggesting it's a straightforward, no-surprises proposition in terms of size and municipal valuation.

Its appeal is for the practical visionary—a buyer who sees the structure as a comfortable starting point but values the rare blank canvas the lot provides. It would suit a young family seeking space to grow, a hobbyist or gardener craving room to pursue their interests, or an investor who recognizes the long-term value of land in a mature neighborhood. The home offers stability and neighborhood integration, while the lot provides a less obvious but tangible opportunity for customization and outdoor living that is increasingly hard to find.

Frequently Asked Questions

1. Is the house dated or well-maintained?
The data shows the home was built in 1961, making it older than most on its street. This typically means some systems (like plumbing, electrical, or the roof) may be due for updates or inspection. However, its assessed value aligns with averages, suggesting it is in livable, functional condition. A viewing and inspection are essential to understand its current state.

2. Why is the lot size so significant?
In established neighborhoods like River East, large lots are rare. This size offers unparalleled privacy, reduces noise from neighbors, and provides flexible space that newer subdivisions often lack. It can be a long-term asset for enjoyment, expansion, or even future subdivision potential, subject to city zoning.

3. How does the sold price history help determine value?
The property last sold between $350k-$400k in early 2020. Comparing this to its current assessed value of $387k gives a benchmark. It shows the property's value movement relative to the market over five years, but for the most accurate and current comparable sales, you should request the exact sold price history via email.

4. What does "around average" for living area and value really mean?
It means the home isn't unusually large or small, nor is it over or under-valued by the city assessor compared to similar homes. It's a middle-of-the-road, predictable offering in those aspects, which can be appealing for buyers seeking fairness and avoiding extremes.

5. Are there any obvious red flags from this data?
The data itself doesn't show red flags, but it highlights points for due diligence. The age of the home suggests a thorough inspection is wise. Also, the elite lot size could mean higher property taxes or maintenance (like lawn care) compared to neighbors with smaller yards. Always verify all details through viewings and professional advice.