Property Overview: 625 Edison Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 625 Edison Avenue in the Rossmere-A neighborhood is a classic Winnipeg bungalow, built in 1960. Its key appeal lies in its solid positioning as a manageable, entry-level property within a stable community. With 972 sqft of living space, it is notably compact—smaller than most homes on its street and in the wider area—which suggests a lower-maintenance footprint and potentially lower utility costs. The lot size of 5,772 sqft is very typical for the neighborhood, offering a standard suburban yard.

The property’s municipal assessed value of $324,000 aligns closely with neighborhood averages, indicating it is priced consistently within its market context without significant premium or discount. A notable point is that similar homes on the same street and of the same vintage have recently sold in the $250,000-$300,000 range, providing a tangible benchmark for value.

This home would best suit first-time buyers or downsizers looking for an affordable entry into the Winnipeg market without the burden of a large or overly dated property. Its smaller size and average assessment make it a pragmatic choice for those prioritizing financial predictability and simpler upkeep. A thoughtful perspective is that its compact nature might also appeal to an investor seeking a straightforward rental property, given the consistent neighborhood valuations and typical rental demand for such homes.

Section 2: Frequently Asked Questions

1. How does the living space compare to nearby homes?
At 972 sqft, this home's living area is below the average for Edison Avenue (1,182 sqft) and the Rossmere-A community. This means it is a more compact option, which can translate to lower heating costs and less maintenance.

2. Is the tax assessment in line with the area?
Yes. The municipal assessed value of $324,000 is very close to the average for both the immediate street and the Rossmere-A neighborhood, suggesting the property is not over- or under-assessed relative to its peers.

3. What have similar homes recently sold for?
Based on available data, comparable homes on Edison Avenue and in Rossmere-A from the same era (early 1960s) have sold in the $250,000 to $300,000 range. The most recent comparable sale noted nearby was in August 2020 within that price bracket.

4. What is the significance of the 1960 build year?
Built in 1960, this home is typical for the area. While it means the structure is over 60 years old and may require updates to major systems like wiring, plumbing, or windows, it also places the home in a period of construction that is well-understood and common in Winnipeg, making renovations and repairs straightforward for experienced contractors.

5. How can I get precise historical sale data for this address?
The public listing provides estimated sale price ranges. For absolute accuracy, you must request the data directly via email from the service, as they manually retrieve and provide verified transaction records, typically within the same day.