Property Overview: 563 Sharron Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in Rossmere-A presents a solid, above-average offering within its immediate area. Its key appeal lies in its balanced and competitive positioning. With 1,310 sqft of living space, it is notably larger than most comparable homes on its street and in the Rossmere-A community, ranking in the top 14% in both categories. The lot size of 6,114 sqft is also a significant asset, providing ample outdoor space and ranking well above the neighborhood average.
The 1961 build year is a standout feature on Sharron Bay itself, being newer than the street's average. The current tax-assessed value of $348,000 is consistent with the home's stature, sitting slightly above the local averages but below the wider Winnipeg benchmark, suggesting it is valued appropriately within its established community context. A recorded sale in the $250,000-$300,000 range in 2016 provides a historical anchor point for market movement.
This property would suit practical buyers looking for a spacious home and yard in a mature neighborhood without a premium city-wide price tag. It’s ideal for those who value space over a brand-new build and appreciate a home that stands out positively against its direct neighbors in terms of size and lot. It represents a sensible choice for families or long-term owners seeking established community roots and more room for their investment.
Section 2: Frequently Asked Questions
1. How does this home truly compare to its neighbors?
The data shows it holds a strong position. Its living space and lot size are in the top quarter for both the street and the broader Rossmere-A area, meaning it offers more interior and outdoor space than most comparable homes nearby.
2. The home was built in 1961. What should I consider?
While newer than many on its specific street, a home of this age will likely have had major systems (roof, wiring, plumbing, windows) updated over time. A key question for the seller or a home inspector would be the age and condition of these replacements, as this is more critical than the original build date.
3. The assessed value is $348,000. Is that the market price?
Not necessarily. The assessed value is for municipal tax purposes. Market value is determined by current supply, demand, and the home's specific condition. The assessment being above the local average but below the city average indicates it's in a moderately priced area, but the final sale price could be higher or lower.
4. What does the 2016 sale price tell me?
It provides a benchmark for how the property's market value may have appreciated over an eight-year period. Comparing the eventual current sale price to that 2016 range can help gauge the market trend for this specific home and area.
5. Are the "nearby" and "assessment price similar" listings relevant?
They provide useful context. The "nearby" listings show the immediate physical environment, while the "assessment price similar" homes (even in other areas) reveal what type of property is valued at the same level by the city assessor, helping you understand what your tax dollar buys in different neighborhoods.