Property Summary: 485 Stalker Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This Rossmere-A home presents a specific value proposition centered on its land and location. Built in 1959, the house itself is modest in size at 988 sq ft, which is below average for the street, neighborhood, and city. However, its assessed value of $362k is above average for its immediate area, suggesting the value lies beyond just the living space.
The primary appeal is the lot. At over 6,000 sq ft, the land area is above average, offering ample outdoor space for gardening, recreation, or future expansion in a well-established neighborhood. Its recent sale price (estimated between $400k-$450k in 2023) placed it in the top tier locally, indicating strong market recognition for this combination.
This property would best suit a buyer who prioritizes yard space over a large interior, such as a first-time homeowner comfortable with a cozier footprint, someone looking for a long-term property with room to grow, or an investor recognizing the underlying value of the lot in a stable area. It’s a home where the potential of the land is a key feature alongside the existing structure.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 988 sq ft, it is indeed smaller than many comparable homes. This makes it efficient and manageable but requires thoughtful use of space. It’s ideal for individuals, couples, or small families.
2. Why is the assessed value high for a smaller home?
The assessment likely reflects the desirable lot size and the property’s strong position within the Rossmere-A neighborhood. Value here is driven more by land and location than by living area alone.
3. How does the 2023 sale price compare?
The sold price range ($400k-$450k) was in the top 5-9% for the neighborhood at that time, showing buyers were willing to pay a premium for this property, likely due to the lot and condition at sale.
4. What are the implications of the 1959 build year?
This is typical for the area. It means you can expect the character and potential maintenance considerations of a mid-century home, but it’s not unusually old for this street or community.
5. How does the lot size compare to nearby properties?
Very favorably. The lot ranks 7th largest out of 34 on the street, offering more private outdoor space than most direct neighbors, which is a significant advantage.