Property Overview: 48 Gemini Avenue, Winnipeg

Key Characteristics & Appeal

This home at 48 Gemini Avenue in the Rossmere-A neighborhood presents a solid, above-average offering within its immediate area. Built in 1971, its 1,423 sqft living space is notably larger than most comparable homes on its street and in the wider community, ranking in the top 10-11%. The property’s tax-assessed value of $398,000 also sits above local averages, indicating its perceived worth relative to neighbors.

The appeal lies in its established community standing. It’s a home that outperforms its direct peers in key metrics like size and assessed value, suggesting a well-maintained or favorably positioned property on its street. The lot size of 5,498 sqft is typical for the area. A less obvious point is the home’s consistency; it ranks highly within its micro-location (the street and community) more than it does across the entire city, where it sits closer to the Winnipeg average. This indicates a desirable pocket within Rossmere-A.

This property would suit a buyer looking for a move-in ready home in a stable, established neighborhood, who values space and a strong relative position within a specific community over a brand-new build. It’s for someone who appreciates data-backed evidence of a property’s standing compared to its immediate neighbors.

Frequently Asked Questions

1. What does the ranking data actually tell me?
The rankings show how this home compares to similar properties in three areas: its street, the Rossmere-A community, and all of Winnipeg. For example, being in the top 10% for living space on its street means it is significantly larger than most direct neighbors, which can be a key advantage.

2. The home was built in 1971. What should I consider?
While the build year is typical for the street, a home from this era may have had major systems like roof, windows, furnace, or electrical updated. An inspection is crucial to determine the condition and age of these components, which affects maintenance planning.

3. How reliable is the listed sale price history?
The site notes that the displayed sale price range (e.g., $400,000-$450,000 in June 2023) is based on public data, not the official MLS system, and is presented as an estimate. For precise historical sale data, you must request it directly from the site administrators, as they manually provide it via email.

4. How does the tax assessment value relate to market value?
The assessed value of $398,000 is used for calculating property taxes and is typically based on mass appraisal techniques. It can be a general indicator of value relative to other homes, but the current market value—what a buyer is willing to pay—can be higher or lower based on condition, updates, and market trends.

5. The lot size is ranked lower than the living space. Is that a concern?
The lot size is around the average for the street and community. This isn’t necessarily a drawback but indicates the home’s value is driven more by its interior space and structure than by an exceptionally large yard. It suggests a efficient use of a standard residential lot.