Property Overview: 56 Roselawn Bay, Winnipeg
Key Characteristics & Appeal
This home at 56 Roselawn Bay is a well-established property in the Rossmere-A neighborhood, built in 1967. With 1,238 square feet of living space and a 5,632 sqft lot, it presents a solid, middle-of-the-road offering in its market. Its primary appeal lies in its strong positional value within the broader community. While the home is around average for its street in terms of size and assessed value ($364k), it ranks notably above the neighborhood average for living space and value, suggesting you get more home for your money here than in many other parts of Rossmere-A.
The property suits practical buyers looking for a move-in-ready home in a mature area without premium pricing. It’s a sensible choice for first-time homeowners or downsizers who prioritize space and neighborhood stability over a brand-new build or a large lot. A thoughtful perspective is that this home represents the "reliable middle" of the market—it doesn’t lead on any single metric, but its above-average standing in the neighborhood indicates a good relative value, potentially offering more stability and less competition than trendier, top-ranked properties.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $400k-$450k in July 2022. Its current assessed value of $364k is slightly below the street's average assessment of $368.5k, indicating it may be positioned fairly in the current market relative to its neighbors.
2. Is the lot size a disadvantage?
The lot is smaller than most on Roselawn Bay, ranking in the bottom 10% on the street. However, it is very close to the average lot size for both the Rossmere-A neighborhood and the wider city. This means less private yard space than some direct neighbors but is typical for the area overall.
3. What does the "above average" neighborhood ranking for living space mean?
With 1,238 sqft, this home has more living space than approximately 82% of comparable homes in the Rossmere-A area. This is a key advantage, offering more interior room than most other properties in the immediate community.
4. The home was built in 1967. Should I be concerned about its age?
The build year (1967) is typical for the street and area. It ranks in the top third for age on its own street, meaning it is actually newer than many houses nearby. Buyers should expect the standard considerations for a home of this vintage, but it is not an outlier in terms of age.
5. Who are the most comparable nearby properties?
Based on the data, nearby homes like 31 Honeywood St (1,312 sqft, $366k assessment) and 43 Roselawn Bay (1,122 sqft, $336k assessment) are the closest comparables in size and value, providing a useful benchmark for evaluation.