Property Overview: 485 Kingsford Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 485 Kingsford Avenue in Rossmere-A is a classic 1960s bungalow that presents a clear value proposition within a stable, established neighborhood. Its key characteristic is its efficient, modestly sized layout of 816 square feet, which is notably smaller than most comparable homes on its street and in Winnipeg overall. This is balanced by an above-average lot size of over 6,000 square feet for the area, offering valuable outdoor space.

The primary appeal lies in its affordability and potential. With an assessed value significantly below area and city averages, it represents a lower barrier to entry into homeownership. It’s well-suited for first-time buyers, downsizers seeking a manageable single-level home, or investors looking for a rental property. The generous lot provides room for gardening, expansion, or future development, subject to approvals—a less obvious advantage not always found in this price range. Buyers should be prepared for a home that may require updates, as the living space is compact and reflects its era, making it ideal for those who value land over square footage or see potential in a thoughtful renovation.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $299k is a municipal calculation for tax purposes and is a useful benchmark. Notably, it sits below the averages for the street, neighborhood, and city, which may indicate room for market appreciation. However, the final sale price will be determined by current market conditions, the home’s specific condition, and buyer demand.

2. How does the smaller living area impact daily life and resale?
At 816 sq ft, the home is cozy and efficient, potentially leading to lower utility costs. It encourages a simpler lifestyle with less space to maintain. For resale, it appeals to a specific segment (like first-time buyers or downsizers), but its appeal can be enhanced by modern updates and by highlighting the benefits of the large yard.

3. What does the above-average lot size mean for me?
The lot of over 6,000 sq ft is a significant asset. It provides ample private outdoor space for recreation and gardening. In the long term, it may also offer future potential, such as adding a garage, workshop, or even exploring subdivision (subject to strict city zoning and approval processes).

4. The home last sold in 2017. How can I find out the exact sale price?
The public data shows a sold price range. To obtain the exact historical sale figures and a full transaction history, you must request a manual lookup from the site provider via email, as this information is not displayed directly due to industry data rules.

5. Are the nearby comparison properties truly similar?
The listed nearby properties provide context. While some are similar in year built, many have significantly more living area and higher assessed values. This reinforces that 485 Kingsford Avenue is positioned as a more affordable, land-focused option in Rossmere-A, rather than a direct comparison to larger, updated homes on the same block.