Property Overview: 533 Cedarcrest Drive, Winnipeg
Key Characteristics & Appeal
This home at 533 Cedarcrest Drive in the Rossmere-A neighborhood presents a solid, mid-century property with above-average space for its immediate area. Built in 1960, its 1,156 sqft living area ranks in the top 12% on its own street, offering more interior room than many direct neighbors. The lot size of just over 6,000 sqft is generous for the community and provides a good balance of yard space without being overly demanding to maintain.
The appeal lies in its established, quiet location and its strong standing within a very specific context. While its metrics are closer to the citywide average, it consistently outperforms local benchmarks. The 2024 tax-assessed value of $349,000 is above the averages for both its street and community, suggesting it is viewed as a higher-quality asset in its micro-market. A notable point is that, according to the data, this 1960-built home is actually slightly newer than the average house on Cedarcrest Drive, which is uncommon for a street of this vintage.
This property would suit a practical buyer looking for a comfortable, move-in-ready home in a mature neighborhood without the premium price tag of newer developments. It’s ideal for someone who values space and stability over a downtown location or ultra-modern finishes. The data indicates it may also attract buyers who appreciate a home that holds its value well relative to its immediate surroundings.
Frequently Asked Questions
1. How does this home’s value compare to recent sales in the area?
The last recorded sale was between $250,000 and $300,000 in December 2016. Current nearby comparable homes have recent tax assessments ranging from approximately $309,000 to $362,000, with this property’s $349,000 assessment sitting at the higher end of that local spectrum.
2. Is the living space considered large for Winnipeg?
At 1,156 sqft, it is slightly below the citywide average for comparable homes (1,342 sqft) but is notably larger than the average on its own street (1,076 sqft) and in the Rossmere-A community (1,116 sqft). You are getting more space than most direct neighbors.
3. What does the tax assessment value really indicate?
The $349,000 assessment is used for calculating property taxes, not setting market price. However, the fact that it ranks in the top 25% on its street and top 29% in the community suggests municipal assessors attribute a higher relative value to this property than to many around it, often based on factors like condition, improvements, and lot desirability.
4. The home was built in 1960. Should I be concerned about major updates?
While the build year is typical for the area, its ranking shows it is actually newer than 92% of the homes on Cedarcrest Drive. This doesn’t eliminate the potential for aging components like roofing, windows, or plumbing, but it does indicate the home is not an outlier in terms of age for this well-established neighborhood.
5. How can I get precise historical sale price data for this home?
The provider states that due to industry restrictions, precise MLS sale history is not published on the site. They offer to provide accurate sale records manually via email upon request, promising a reply by the end of the same day without using your email for marketing.