Property Overview
This home at 321 Edelweiss Crescent in Winnipeg's Rossmere-A neighborhood presents a specific value proposition centered on its efficient use of space and relative modernity within its area. Built in 1978, it is newer than most homes on its street and in the wider neighborhood. With 1,092 square feet of living space, it offers slightly more room than the immediate street average. The key financial characteristic is its assessed value of approximately $261k, which sits below both the neighborhood and citywide averages, suggesting a potentially more accessible entry point into the market. However, this comes with a notably smaller lot size of 2,790 sq ft, which is well below area norms.
The appeal here lies in a balance of a reasonably updated home (for its vintage) at a value-conscious price within a mature community. It suits first-time buyers or downsizers seeking a manageable, lower-maintenance property without a large yard to care for. It may also attract investors looking for a rental property with a assessed value below typical area prices. A less obvious perspective is that the smaller lot could be a hidden perk for those who prefer less outdoor upkeep, while the newer build date compared to neighbors might indicate updated core systems.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($261k) is for municipal tax purposes. The actual market value—what a buyer would pay—is determined by current market conditions, the home's specific state, and recent sale prices of comparable properties, which may be higher or lower.
2. The lot size is much smaller than others nearby. Will this be an issue?
It depends on your lifestyle. It means less yard for gardening, play, or expansion, which could affect future resale to buyers seeking large lots. However, it also translates to less maintenance, which can be a desirable feature for many.
3. The home is newer than others on the street. What does that imply?
A 1978 build date suggests it may have construction methods or core components (like wiring, plumbing, or insulation) that are more modern than its older neighbors. This can sometimes mean fewer immediate updates are needed, but a thorough inspection is still essential.
4. Why is the assessed value below the neighborhood average?
The below-average assessment is likely influenced by the home's smaller lot size and potentially its specific attributes and condition compared to the neighborhood benchmark. It reflects the city's valuation formula, not necessarily the home's full market appeal.
5. How can I find out the actual sale history for this property?
The public data provided does not show specific sale prices. You can request the exact sale history directly from the site via the provided email contact; they offer to manually research and provide that information.