Property Overview: 567 Mcleod Avenue, Winnipeg

Key Characteristics & Appeal

This home at 567 Mcleod Avenue in the Rossmere-A neighborhood is a quintessential, mid-century Winnipeg property that represents solid value and a practical entry point into the market. Built in 1958, its 1,048 sqft living space and 5,280 sqft lot are consistently ranked as close to the average for its street, community, and the wider city. This positions it as a very typical home for the area, neither oversized nor undersized. Its municipal tax assessment of $307,000 is notably below the Winnipeg city average for comparable homes, which may indicate a relative value opportunity or reflect the home's original condition.

The primary appeal lies in its stability and location within a well-established community. For buyers, it suits first-time homeowners looking for a manageable-sized property without the premium of a new build, or investors seeking a straightforward rental property in a steady neighborhood. A thoughtful perspective is that a home scoring consistently "average" across major metrics can be a strategic purchase; it avoids the over-improvement risk of top-tier homes and the potential pitfalls of the lowest-priced options, offering a balanced foundation for personalization or long-term holding.

Frequently Asked Questions

1. How does this home's value compare to recent sales on the street?
A home at 563 Mcleod Avenue, virtually next door, sold for between $250,000 and $300,000 in late 2020. Given the current tax assessment of $307,000 for 567 Mcleod, this suggests market values in the area have appreciated since that time.

2. Is the tax assessment a reliable indicator of the market price?
The tax assessment ($307,000) is for municipal taxation purposes and is often calculated using mass appraisal techniques. It can be a useful benchmark but may not always reflect current market value, which is determined by recent sales, condition, and buyer demand. It is notably below the city-wide average assessment for similar homes.

3. What should I consider about a home built in 1958?
While the structure is solid, key systems like plumbing, electrical, insulation, and the roof may be original or nearing the end of their service life. A thorough inspection is crucial to budget for any necessary updates or modernizations.

4. The lot size is smaller than the street average. Is that a concern?
At 5,280 sqft, the lot is about 20% smaller than the average lot on Mcleod Avenue. However, it is very close to the Rossmere-A community average. This typically means adequate outdoor space for a garden or deck but may offer less privacy or expansion potential than larger lots on the street.

5. How can I get precise historical sale price data for this property?
The site indicates that precise MLS sale history is not publicly displayed due to industry regulations. They offer an manual service where, upon request via email, they will query the accurate data and provide it directly to you, typically within the same day.