Property Overview: 531 Sharron Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 531 Sharron Bay is a representative property in Winnipeg's Rossmere-A neighborhood, built in 1959. With 1,014 sqft of living space on a 6,045 sqft lot, it presents a classic, mid-century footprint. Its appeal lies in its established community setting and its position as a practical, no-surprises entry point into the Winnipeg housing market.
The data reveals a property that is consistently "close to average" within its immediate street and community for key metrics like assessed value ($336,000), build year, and lot size. Notably, the lot size is larger than many in Rossmere-A, ranking in the top 40% locally, which is a subtle advantage for outdoor space or future expansion. Conversely, the living area is modest, ranking below the averages for both the street and the wider city, indicating a compact, efficient layout rather than a spacious one.
This home would best suit first-time buyers or practical downsizers seeking an affordable, low-maintenance property in a mature neighborhood. Its value proposition is grounded in stability—it’s a home that tracks closely with its surroundings. A thoughtful perspective for a buyer is to see the "average" rankings not as a lack of standout features, but as a sign of predictability and lower risk, with recent sale history suggesting steady appreciation. The property’s true potential may be realized by someone willing to modernize the interior of a structurally sound post-war home on a decent-sized lot.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
At 1,014 sqft, the living space is below the average for both Sharron Bay Street and Winnipeg as a whole. It indicates a compact, efficiently designed home typical of its era, suitable for smaller households or those prioritizing lower utility and maintenance costs.
2. What does the assessed value tell me?
The city’s assessed value for taxes is $336,000, which is very close to the average for the street and community. This suggests the property is valued in line with its immediate peers and is unlikely to be an outlier in terms of property tax burden relative to nearby homes.
3. Is the lot a good size?
Yes. The 6,045 sqft lot is a key strength, ranking above average within the Rossmere-A community. It offers more usable outdoor space than many comparable properties in the area, which is a valuable asset.
4. What can past sale prices indicate?
The home sold in the $350,000-$400,000 range in mid-2022, which was in the top 29% for the street at that time. A previous sale in 2017 was between $250,000-$300,000. This history indicates significant appreciation over that period, aligning with broader market trends.
5. How can I get precise historical sale data?
The precise sale price is not publicly displayed due to industry restrictions. The site offers to provide the exact data via a manual email service upon request, promising a reply by the end of the same day without using your email for marketing.