Key Characteristics & Buyer Profile

This is a 1,088 sqft home built in 1975, sitting on a 3,347 sqft lot in the Rossmere-A area of Winnipeg. Its appeal is rooted in its solid, middle-of-the-road profile. The living area is very close to the local average, and the assessed value of $274,000 sits slightly above the street average but well below both the area and citywide medians. The standout feature is the construction year—1975 is considered "Elite" for the street, ranking in the top 5%, and well above the area’s average home age.

The property suits a buyer who values established construction over raw square footage. It’s a good fit for someone looking for a structurally sound, well-located home that doesn’t carry a premium for extra space or an oversized lot. This is less about finding a fixer-upper and more about finding a house that has likely been maintained in a stable, mature neighbourhood. The assessed value suggests a degree of affordability relative to the broader market, making it appealing to first-time buyers or those trading down from a larger home who want to avoid the inflated prices of newer subdivisions.

Five Possible FAQs

1. How does the assessed value compare to what I might actually pay?
The assessed value is a municipal estimate for tax purposes, not a market price. This home ranks in the top 23% on its street by assessed value but in the bottom 15% for the broader Rossmere-A area. This suggests the house may be priced at a relative discount to the neighbourhood’s nicer or larger homes, but you should expect market negotiations to hover around this benchmark.

2. The "bottom" rankings for land area look concerning. What does that mean?
The 3,347 sqft lot is average for the street but small for the Rossmere-A area. This isn’t a negative—it means the house is in a denser part of the neighbourhood, which often translates to lower maintenance and less yard work. It’s not a red flag, just a different kind of property that prioritises the home over the outdoor space.

3. Is a 1975 home a good bet for structural integrity?
Mid-70s construction is generally considered a sweet spot. You’re past the era of problematic asbestos-heavy materials found in some older homes, and before the rapid cost-cutting of the 1990s. That said, you’ll want to check for updates to the roof, windows, and mechanicals (furnace, A/C). A home this old that ranks “Elite” for its year likely has solid bones, but deferred maintenance is still possible.

4. How does this property compare to the citywide averages?
It undercuts the citywide average living area (1,342 sqft vs. 1,088 sqft) and assessed value ($390k vs. $274k). This places it in the bottom 38% citywide for size and the bottom 23% for value. In plain terms, it’s a smaller, more affordable home relative to the rest of Winnipeg, which is exactly why it may be attractive for budget-conscious buyers.

5. What are the long-term resale prospects for a home like this?
Homes built in a strong era like 1975, on a decent street, tend to hold value well if properly maintained. The risk is that it sits in a price bracket that doesn’t compete with newer, larger homes. In a rising market, it may appreciate slower than bigger houses. In a downturn, it’s often less volatile because it’s less tied to speculative value. It’s a solid, stable asset, not a high-growth investment.