553 Cedarcrest Drive

Property Overview: 553 Cedarcrest Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated home in Rossmere-A presents a compelling blend of above-average space and established neighborhood character. Built in 1960, the 1,341 sqft residence sits on a 6,047 sqft lot. Its key appeal lies in its strong standing within its immediate area. The living area is notably larger than most on its street and in the Rossmere-A neighborhood, ranking in the top 12%. Similarly, its assessed value of $377k ranks highly against direct neighbors (top 6%) and the wider neighborhood (top 13%), suggesting a premium property for the locale. When viewed citywide, it represents a more average offering in size and value, which can be seen as a mark of stability and a realistic entry point into the Winnipeg market.

The home would suit buyers looking for a move-in-ready property in a mature community, who value more interior space than is typical for the area. It’s a practical choice for those who want a home that already performs well relative to its peers without being the most expensive house on the block. A thoughtful perspective is that this property isn’t necessarily a standout across the entire city, but it is a leader on its own street—a sign of a desirable micro-location within the broader neighborhood.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to recent sales?
The home last sold in August 2019 for between $350k-$400k. Its current assessed value of $377k sits above the neighborhood average, indicating appreciation. For the exact historical sold price, you can request the information directly via the listing.

2. Is the lot size a pro or a con?
The lot is slightly smaller than the average for Cedarcrest Drive but is above average for the Rossmere-A neighborhood. It offers a manageable yard space that is typical for the era, suitable for gardening or recreation without excessive maintenance.

3. The home was built in 1960. What should I consider?
While the build year is standard for the street, it means potential buyers should pay special attention to the condition of major aging components during an inspection, such as the roof, plumbing, electrical systems, and windows, which may be due for updates or replacement.

4. How does this property rank for investment or resale?
Its consistent above-average rankings for size and value on its street and in the neighborhood are positive indicators. It suggests the home has maintained a competitive edge in its direct market, which is a good sign for future resale within the community.

5. What are the nearby homes like?
The provided comparisons show nearby homes on Cedarcrest Drive and surrounding streets are very similar in age (late 1950s to early 1960s) and generally smaller in living area. This home’s larger square footage is a key differentiator in this specific cluster of properties.