Property Overview: 517 Kingsford Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 517 Kingsford Avenue in Rossmere-A is a classic Winnipeg bungalow, built in 1960. Its key characteristic is its balance of a modestly sized home on a generous lot. With 816 sqft of living space, the house is notably cozier than most in the area, ranking well below average for size both on its street and in the wider community. This presents an opportunity for efficient, low-maintenance living or a strategic renovation to better utilize the space.

The appeal lies in its solid foundation within a mature neighborhood and its above-average land size. The lot of over 6,000 sqft is larger than most in Rossmere-A, offering valuable outdoor space for gardening, recreation, or future expansion. The property’s municipal assessed value is firmly in line with area averages, suggesting a stable, established value proposition without premium pricing for the location.

This property would best suit first-time buyers or downsizers seeking an affordable entry into a settled neighborhood, prioritizing lot size over interior square footage. It could also appeal to an investor or handy buyer who sees potential in the generous yard and is comfortable with a home that may require updates. It’s a practical choice for those who value outdoor space and a established community over a large, move-in-ready interior.

Section 2: Frequently Asked Questions

1. Is the living space too small for a family?
At 816 sqft, the home is significantly smaller than the area average (approx. 1,100 sqft). It would likely suit a small family, a couple, or a single individual best. The generous lot does provide room for an addition, subject to permits and budget.

2. How does the assessed value relate to the likely selling price?
The municipal assessment for tax purposes is $324,000, which is very close to the street and community averages. Recent sales data suggests homes in this area and valuation range sold between $300,000 and $350,000 in 2022. The assessment is a useful baseline, but market conditions will determine the final price.

3. What are the less obvious considerations with a 1960s bungalow?
While the construction year is typical for the area, a home of this age will likely have original or aging core components. Prospective buyers should pay close attention to the condition of the roof, foundation, windows, plumbing, and electrical systems during an inspection, as updating these can represent a significant investment.

4. The lot is large, but what can I actually do with it?
The above-average lot size is a major asset. Beyond gardening, it allows for flexibility like adding a substantial shed, creating outdoor living areas, or even future expansion of the home itself (like adding a sunroom or garage). It’s worth checking local zoning bylaws for any restrictions.

5. Where can I find accurate historical sale prices for this home?
The provided data indicates that precise sale history is not publicly displayed due to industry restrictions. The page recommends contacting the site directly via email to request this information, which they will provide manually. Always verify such data with your real estate professional.