Property Overview: 577 Edison Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 577 Edison Avenue in the Rossmere-A neighborhood presents a solid, mid-century bungalow opportunity. Built in 1960, its 1,044 sqft living area and 6,084 sqft lot are both notably above average for its immediate street and community, offering more interior and yard space than many direct comparables. With a current tax-assessed value of $330,000, it sits in a competitive price tier for the area, historically transacting between $250,000-$300,000 in 2020.

The appeal lies in its established neighborhood setting and the value derived from its generous lot size—a key asset for future expansion, gardening, or outdoor living. It suits practical buyers looking for a character home with room to grow, whether that’s a first-time homeowner comfortable with a property of this vintage, or a downsizer seeking a manageable single-level layout without sacrificing outdoor space. A thoughtful perspective is that while the home itself is typical for its era, the larger-than-average lot provides a tangible equity buffer and flexibility that similar-sized homes on smaller parcels may lack.

Section 2: Frequently Asked Questions

1. How does this home truly compare to others nearby?
The data shows this property is competitive within its core market. Its living space is on par with the Rossmere-A average, but its lot size ranks in the top 27% for the community, which is a distinct advantage over many neighbors.

2. What should I consider about a home built in 1960?
While the construction year is typical for the area, prospective buyers should budget for potential updates to major aging components like the roof, windows, plumbing, and electrical systems. A thorough inspection is essential.

3. Is the tax assessment a reliable indicator of market value?
The $330,000 assessment is a snapshot for municipal taxation. Market value is influenced by current conditions, property condition, and recent sales. The last known sale was in 2020, so consulting a local agent for a current comparative market analysis is recommended.

4. What is the neighborhood (Rossmere-A) like?
Rossmere-A is a mature, established neighborhood in Winnipeg. The rankings indicate the property’s metrics are very representative of the area, suggesting a stable community of similar homes without extreme outliers in size or value.

5. How can I get precise historical sale price data?
The website indicates that precise MLS sale records are not published due to industry restrictions. They offer an option to request this data manually via email, promising a direct, non-marketing response with accurate figures.