Property Overview
This home at 538 Sharron Bay in Winnipeg's Rossmere-A neighborhood presents a solid, mid-century property with clear strengths in its lot size and value positioning. Built in 1959, it offers 1,112 square feet of living space on a notably large 6,047 sqft lot. Its current assessed value is $326k, which sits below the immediate street average but aligns closely with the broader neighborhood average. The home last sold in early 2018 for an estimated $250k–$300k.
Key Characteristics & Appeal
The primary appeal of this property lies in its land. The lot size ranks well above average both on its street and citywide, offering more outdoor space than many comparable homes—a valuable asset for gardening, expansion, or simply more privacy. While the living area is typical for the area, the assessed value is positioned favorably, suggesting a potentially more accessible entry point into the neighborhood compared to some direct neighbors.
This home would suit practical buyers looking for a established, no-frills property in a stable neighborhood. It’s a candidate for those who prioritize land size over a recently updated interior or who are comfortable with a home from this era that may require modernization. The value metrics indicate it could attract first-time buyers or investors seeking a property with fundamental strengths without a premium price tag tied to recent renovations.
Frequently Asked Questions
1. How does the assessed value compare to recent sales?
The home is assessed at $326k. The last known sale was in early 2018 for an estimated $250k–$300k. For context, recent neighborhood sales show a wide range, from around $293k to over $430k for homes of similar size and age, placing this assessment in the mid-to-lower segment of that spectrum.
2. Is the lot size a significant advantage?
Yes. At over 6,000 sqft, the lot is larger than about 74% of homes on the same street and 70% citywide for comparable properties. This is a standout feature that offers more usable outdoor space than is typical.
3. What does the "below average" street ranking for value mean?
It means the home's $326k assessed value is lower than the calculated average ($342.2k) for similar homes on Sharron Bay. This isn't necessarily negative; it can indicate a more affordable option on the street, but buyers should investigate if this reflects the home's condition, layout, or other factors.
4. How old is the home, and what does that imply?
Built in 1959, it is a mid-century home. This typically means solid construction but may also mean original mechanical systems (like plumbing and electrical), windows, or insulation could be nearing or past their typical lifespan and may need attention or updating.
5. Who should request the exact sold price history?
Anyone seriously considering an offer should. The exact sale price from 2018, along with any other previous sales, provides concrete data on how the property's market value has changed over time, which is crucial for making an informed offer. The listing service offers to provide this via a direct, manual email reply.