Property Overview

This home at 645 Mcleod Avenue in Winnipeg's Rossmere-A neighborhood presents a solid, middle-of-the-road opportunity. Built in 1959, it features 1,043 sqft of living space on a 5,280 sqft lot, with a current assessed value of $339k. The data shows it consistently ranks as "around average" in nearly every metric—from size and value to lot dimensions—when compared to its immediate street, neighborhood, and the wider city. It last sold in late 2020 for an estimated $350k–400k, following a previous sale in 2016 for $250k–300k.

Key Characteristics & Appeal

The primary appeal of this property is its stability and predictability. It isn't the largest, newest, or highest-valued home on the block, but it firmly sits within the established norms of a mature, settled community. This makes it a straightforward option for first-time buyers or downsizers seeking an affordable entry into a neighborhood without unexpected premiums. Its assessed value is very closely aligned with recent neighborhood sales, suggesting a fair market price.

A thoughtful perspective is that this "averageness" can be a strategic advantage. There's less risk of overpaying for premium features that may not retain value, and there's tangible room to add value through updates, as the home hasn't been recently flipped. It would suit a practical buyer who views a home as a comfortable living space rather than a status symbol, or an investor looking for a stable rental property in a neighborhood of similar, well-maintained homes.

Frequently Asked Questions

1. Is this house a good deal compared to others on the street?
The data suggests it's priced very in line with the market. Its assessed value is almost exactly at the street average, and its size and lot are typical. It's a market-value deal, not a standout bargain or an overpriced listing.

2. What does the sale history tell us?
The home sold in 2016 and again in 2020, with a price increase in that period. This indicates steady, modest appreciation consistent with the broader market at the time, not speculative boom-and-bust activity.

3. How does the lot size impact potential?
At 5,280 sqft, the lot is smaller than the street average but close to the neighborhood average. It provides a decent backyard for a home of this era but may limit expansive additions compared to some neighbors with larger lots.

4. Are there any obvious red flags in the data?
No major red flags are apparent. The consistency across rankings—never topping charts but also not languishing at the bottom—points to a property with no extreme advantages or disadvantages in its core metrics.

5. Who would this property not suit?
It likely wouldn't suit a buyer seeking a move-in-ready, modernized home with premium finishes, or someone looking for a "diamond in the rough" with significantly below-average pricing or oversized lot potential to unlock.