Property Overview: 265 Gilmore Avenue, Winnipeg

Key Characteristics & Appeal

This 1970-built home on Gilmore Avenue presents a solid, value-conscious opportunity in Winnipeg's River East neighborhood. Its primary appeal lies in its strong positioning relative to its immediate street, offering more house and a higher assessed value than most of its neighbors. With 1,266 sqft of living space, it is notably larger than the average home on Gilmore Avenue. The lot, at 5,773 sqft, is also above the street average, providing good outdoor space. The home's assessed value of $387k ranks in the top 7% on its street, suggesting it is perceived as a higher-quality asset in its micro-market, even while being closer to the average for the wider area and city.

This property would suit a practical buyer looking for a established home in a stable setting. It’s ideal for someone who values being above the local norm in terms of space and investment, without venturing into premium-priced areas. The data suggests a home that has been maintained or updated to a standard that outshines many direct comparables, making it a prudent choice for buyers prioritizing equity and space over a newer build date. A thoughtful perspective is that while the home is older than most in River East, its above-average metrics on its own street indicate a well-kept property that likely offers better immediate value and less competition from brand-new features compared to newer, but potentially more uniformly average, homes elsewhere.

Frequently Asked Questions

How does this home’s size compare to others nearby?
At 1,266 sqft, the living area is larger than about 80% of the comparable homes on Gilmore Avenue itself. It is close to the average size for both the River East neighborhood and the city of Winnipeg as a whole.

Is the assessed value high for the area?
The assessed value of $387k is significantly above the street average of $347k, ranking in the top 7% on Gilmore Avenue. It is, however, slightly below the neighborhood average and very close to the citywide average, indicating strong value within its most immediate context.

The home was built in 1970. Is that older than surrounding houses?
Yes. This home is slightly older than the average on its street and notably older than the typical home in the broader River East area, where many houses were built in the mid-to-late 1970s.

What was the recent sold price?
Public records indicate a sale occurred in October 2024 within the price range of CA$400,000 to $450,000. This placed it in the top 10% of sale prices for Gilmore Avenue at the time. For fully verified and exact historical sold prices, a manual lookup can be requested.

How does the lot size compare?
The 5,773 sqft lot is above average for Gilmore Avenue but somewhat smaller than the typical lot in the wider River East neighborhood. It offers ample private outdoor space relative to its direct neighbors.