Property Overview: 494 Kingsford Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home on Kingsford Avenue is a quintessential Rossmere-A property, built in 1960. Its key characteristic is balance: it sits comfortably at or near the average for the street and neighborhood in terms of assessed value and lot size, while offering a living area that is modest but functional at 912 sqft. The lot of over 6,000 sqft is notably above average for the neighborhood, presenting a valuable canvas for gardening, expansion, or outdoor living.

The appeal lies in its established location and straightforward value. It’s not the largest or newest home on the block, but it represents a stable entry point into a mature community. Recent sale history shows steady appreciation, and its assessed value is aligned with area norms, suggesting a fair market proposition. This property would suit first-time buyers or downsizers seeking a manageable home with a generous yard in a no-surprises neighborhood. It’s for the practical buyer who values space outside more than expansive square footage inside and prefers a home that doesn’t require competing at the top of the market.

Section 2: Frequently Asked Questions

1. Is the living area a concern?
While the home’s living area is below the local averages, it reflects the efficient layouts of its era. For buyers comfortable with cozy, well-utilized spaces, it represents lower utility costs and less maintenance. The significant lot size also offers potential to expand the living space in the future, subject to approvals.

2. How does the assessed value compare to recent sale prices?
The current assessed value of $319k sits between the home’s two most recent sale price ranges (2019: $250k-$300k; 2023: $300k-$350k). This indicates the assessment is tracking relatively closely with recent market activity in the area.

3. What does the year built ranking mean?
Ranking in the top 17% for year built on its street simply means it is one of the newer homes on Kingsford Avenue, as most houses there were also built around 1960. It doesn’t indicate a recent build, but rather that it’s consistent with the neighborhood’s period of development.

4. Are the sold price figures shown exact?
No. The publicly available data shown provides sold price ranges in $50k bands. For fully verified and exact historical sale figures, a manual lookup via the provided website contact is required, as MLS data is not displayed.

5. What is the immediate neighborhood like?
The listing shows several nearby and comparable properties on Kingsford Avenue, Sharron Bay, and Mark Pearce Avenue, all with similar vintage and value. This suggests a uniform, established streetscape with homes of consistent scale and character, offering neighborhood stability.