Property Overview: 566 Cedarcrest Drive, Winnipeg
Key Characteristics & Appeal
This home at 566 Cedarcrest Drive in the Rossmere-A neighborhood presents a solid, value-oriented opportunity. Built in 1960, it features 1,140 sqft of living space on a 6,047 sqft lot. The appeal lies in its strong positional value within its immediate area. While the home's size is close to the city average, its municipal tax assessment of $379,000 ranks in the top 4% on its street and top 12% in the Rossmere-A community, suggesting it is viewed favorably by assessors compared to its direct neighbors. This indicates a well-regarded location on Cedarcrest Drive.
The property would suit practical buyers looking for a stable, established neighborhood. It's ideal for someone who values a larger-than-average lot for the community and appreciates a home that holds its own in terms of assessed value on its block. The data suggests it's less suited for buyers seeking a newer home or the largest square footage in the city, but rather for those who prioritize a strong footing in a specific, well-rated local setting.
Frequently Asked Questions
1. What does the high tax assessment ranking mean?
It means the city's assessed value for this home is among the highest on its street and in its local community. This often reflects the property's desirability within its micro-area, but it's important to remember it's not a direct market appraisal. It can indicate good relative value on the block.
2. How has the property's value changed?
Based on available data, the home sold for between $300,000-$350,000 in late 2019 and between $400,000-$450,000 in late 2022. This indicates significant appreciation over that three-year period, consistent with broader market trends during that time.
3. How does the lot size compare?
At just over 6,000 sqft, the lot is slightly smaller than the average on Cedarcrest Drive but is larger than the typical lot in the wider Rossmere-A community. This offers a good balance of outdoor space that is above average for the immediate neighborhood.
4. What are comparable homes in the area?
The listing shows several nearby homes on streets like Oakland Avenue and McLeod Avenue, mostly built in the late 1950s/early 1960s with similar living space (1,050-1,200 sqft) and tax assessments generally in the low $300,000s. This highlights 566 Cedarcrest's assessment as being at the higher end among these similar properties.
5. Where can I find precise historical sale prices?
The page notes that precise sale data is not publicly displayed due to industry restrictions. They offer an email-based service where you can request the exact historical sale prices, which they will provide manually without marketing your email address.