Property Overview & Appeal
This home at 518 Sharron Bay in Winnipeg's Rossmere-A neighborhood presents a solid, middle-of-the-road opportunity. Built in 1959, its 1,038 sqft living area and $340k assessed value are consistently "around average" when compared to its immediate street, the broader neighborhood, and the city as a whole. Its standout characteristic is the 6,047 sqft lot, which ranks above average for both the street and the city, offering more outdoor space than many comparable properties.
The appeal lies in its stability and predictability. It’s not an outlier in any category, which can be reassuring for buyers seeking a home that aligns with established neighborhood norms without surprises. It last sold in mid-2022 for an estimated $350k–400k, suggesting a stable market history. This property would suit a first-time buyer or a downsizer looking for a manageable, traditionally-sized home in a mature neighborhood, with the added benefit of a larger-than-average yard for gardening, play, or future expansion.
Frequently Asked Questions
1. How does this home's value compare to recent sales?
The assessed value is $340k. Based on public data, it sold for an estimated $350k–400k in May 2022. Nearby comparable homes from the same era have recent assessed values ranging from approximately $308k to $434k.
2. Is the lot size a significant advantage?
Yes. While the house itself is average in size, the lot ranks in the top 30% citywide. This provides more private outdoor space than many homes, which is a valued and less flexible feature in established neighborhoods.
3. What does "around average" in the rankings mean for a buyer?
It indicates the property is typical for the area. This can be positive, as it suggests the home is unlikely to be over-improved or under-improved relative to its surroundings, which helps protect its value and makes financing and appraisal straightforward.
4. Are there any obvious red flags from this data?
The data itself shows no extreme outliers. The home's age (1959) is typical for the area. A thoughtful buyer would use this data as a starting point and investigate the specific condition of the roof, windows, and major mechanical systems common to houses of this vintage.
5. How does the neighborhood compare to the wider city?
For similar homes, the Rossmere-A neighborhood average living area is slightly smaller and the average assessed value is notably lower ($329.8k vs. $390.1k citywide). This suggests the area may offer more affordable space, though the specific home's value is closer to the city average.