506 Stalker Bay

Property Overview: 506 Stalker Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This 1960-built home in the Rossmere-A neighborhood presents a solid, value-oriented opportunity. With 1,064 sqft of living space, it sits comfortably around the neighborhood average, though it is slightly more compact than most homes on its own street. Its primary appeal lies in its strong assessed value of $368k, which ranks well above average for both Stalker Bay and the wider Rossmere-A area, suggesting the property is viewed favorably relative to its immediate peers. The lot size of 5,872 sqft is typical for the neighborhood.

This property would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a stable investment in an established community over sheer size. A thoughtful perspective is that while the home itself isn't the largest on the block, its above-average assessment for the street and neighborhood could indicate better-than-average finishes, updates, or a premium lot location that isn't captured by square footage alone. It represents a classic Winnipeg post-war home, offering a balance of space and affordability without the premium price tag of newer or larger citywide averages.

Section 2: Frequently Asked Questions

1. Is the assessed value a good indicator of the likely selling price?
While the assessed value ($368k) is for municipal tax purposes, its ranking—well above the street and neighborhood averages—suggests the property has attributes that are officially valued higher than many nearby homes. However, market conditions and the home's specific condition will ultimately determine the sale price.

2. How does the home's size compare to others?
At 1,064 sqft, the living area is slightly below the average for Stalker Bay but is very close to the Rossmere-A neighborhood average. It offers a manageable size that is common for well-established areas of the city.

3. What does the sale history tell us?
The home sold previously in 2019 and 2021. The price ranges from public data suggest steady appreciation in those years, which is consistent with broader market trends during that period.

4. The home was built in 1960. What should I consider?
As one of the older homes on its street (ranking in the top 3%), it may have original character but could also require attention to aging components like plumbing, electrical, or windows. A thorough inspection is advised.

5. Are there similar homes nearby for comparison?
Yes. The listing provides several nearby references on Stalker Bay and surrounding streets, with similar vintage but varying sizes and assessed values. For example, 489 Stalker Bay is larger but has a lower assessed value, while 485 Stalker Bay is smaller but has a similar assessment, highlighting how specific features and conditions influence value.