Property Overview: 1166 Kingsford Place, Winnipeg

Section 1: Key Characteristics & Appeal

This Rossmere-A home presents a specific value proposition centered on its lot and location rather than its interior size. Built in 1960, the 816 sqft living area is notably below averages for the street, neighborhood, and city, indicating a compact, likely efficient layout. Its primary strength is a 6,040 sqft lot, which is above average city-wide, offering valuable outdoor space. With an assessed value of $343k, it sits above the street average and aligns with the neighborhood average, suggesting the property is valued for its land and positioning within a stable, established area.

The appeal lies in a trade-off: acquiring a larger-than-standard lot in a mature neighborhood, but within a smaller, older home. It would suit a first-time buyer or downsizer comfortable with a cozy footprint who prioritizes yard space for gardening, pets, or future expansion. It also appeals to the value-conscious buyer seeking entry into a neighborhood where the land itself is a key asset, with the understanding that the home may benefit from updates. A less obvious perspective is that its "below average" size could mean lower utility costs and less maintenance, while its strong assessed value for the street hints at a well-regarded micro-location.

Section 2: Frequently Asked Questions

1. Is the house in need of major updates?
As a 1960s build, some systems (like plumbing, electrical, or windows) may be original or dated. A thorough inspection is recommended to budget for any modernizations, which is typical for homes of this era.

2. How does the assessed value relate to the likely selling price?
The assessed value ($343k) is for municipal tax purposes. The recent sold history shows it last sold between $350k-$400k in mid-2022. Market conditions have shifted since then, so the current price would be influenced by today's market while likely referencing these past transactions.

3. What are the implications of the smaller living area?
The home is significantly cozier than most in Winnipeg. This means efficient use of space is key, and it may not suit those needing multiple bedrooms or large living areas. However, this can also translate to lower heating costs and less space to maintain.

4. Why is the assessed value above average on the street if the house is smaller?
This often reflects the value of the larger lot, the specific location on the street, and the overall maintained condition of the property compared to immediate neighbors. It suggests the lot and location compensate for the smaller building size in the municipality's valuation.

5. How can I get the exact past sale prices?
The website does not have access to MLS sale records. They offer to manually look up and provide the exact historical sold prices via email upon request, which they state is typically completed by the end of the same business day.