Property Overview & Key Characteristics

This property at 7-227 Edison Avenue in Winnipeg's Rossmere-A neighborhood presents a balanced, value-oriented profile. Built in 1979, its 1,038 sqft living area is notably above average for its street and on par with the wider city average. A key standout is its municipal tax assessment of $215,000, which ranks in the top 7% on its street, suggesting the city views it as a higher-value property within its immediate context, though it sits closer to the average for the broader Rossmere-A area.

The appeal lies in its relative size and perceived value within its local setting. It offers more space than most comparable homes on Edison Avenue, potentially providing good functional utility for the price point. Its 1979 build date is older than many on its street but is actually newer than the average home in the established Rossmere-A community, which may indicate a mix of mature streetscapes with some moderately updated housing stock.

This home would likely suit practical, value-conscious buyers such as first-time homeowners looking for a solid starter home with space to grow, or investors seeking a property with a strong assessment value relative to its micro-location. It’s for those who prioritize the tangible metrics of space and assessed value over a newer build date.

Frequently Asked Questions

1. Why is the tax assessment so high compared to other homes on the street?
The assessment of $215,000 is significantly above the street average of $169,000. This can be influenced by factors like lot size, improvements, additions, or interior renovations that the municipal assessor has noted, suggesting the property may have features not reflected in the basic square footage and year built.

2. How does the 1979 build year compare to the neighborhood?
While the home is slightly older than the average (1990) on its specific street, it is actually newer than the Rossmere-A community average (1974). This indicates you're in an established neighborhood where this property might be among the more recent builds, potentially meaning fewer major age-related issues than some older neighbors.

3. What can the 2020 sale price range tell me?
The listed sale price range of $150,000-$200,000 from August 2020 provides a historical benchmark. Given that the current tax assessment is $215,000, it indicates a likely appreciation in value over the past few years, which is useful for understanding market trends for the property.

4. Is the living space competitive for the area?
Yes. At 1,038 sqft, it offers substantially more space than the average home (856 sqft) on Edison Avenue itself. It is competitive with the community average (991 sqft) and nearly identical to the Winnipeg city average (1,042 sqft), making it a sizeable option in its local market.

5. Where can I get precise historical sale data?
The page notes that precise sale records are not publicly displayed due to industry regulations. They offer an option to request this data manually via email, with a promise of a direct, non-marketing response. For absolute accuracy, you should also consult directly with a licensed real estate professional who has access to the full MLS database.