Property Overview: 576 Bardal Bay, Winnipeg
Key Characteristics & Appeal
This home at 576 Bardal Bay is a practical, mid-century bungalow in the Rossmere-A neighborhood. Built in 1959, its 920 sqft living area is modest and ranks below average in size compared to most homes on its street, in the neighborhood, and across Winnipeg. However, this is balanced by a competitively low assessed value of $291k, which is notably below the averages for its immediate area. The lot size is fairly typical for the street at just under 5,000 sqft.
The primary appeal lies in its value proposition and location. It represents a more affordable entry point into a stable, established neighborhood. The home suits first-time buyers, downsizers, or investors seeking a lower-priced property with renovation potential. Its smaller footprint may also appeal to those looking for a simpler, easier-to-maintain home without the upkeep of a larger property. A thoughtful perspective is that its below-average size and value could mean less property tax burden and a chance to add value through thoughtful updates, rather than paying a premium for already modernized finishes.
Frequently Asked Questions
1. Is the home's smaller living area a concern?
While the 920 sqft is below the local average, it reflects the efficient design of many homes from its era. It may be ideal for individuals, couples, or small families, but buyers should ensure the layout meets their spatial needs.
2. Why is the assessed value significantly lower than nearby homes?
The assessed value of $291k is well below street and neighborhood averages. This typically reflects the home's smaller size and potentially its original condition or specific market factors at the time of assessment, suggesting it may be priced for updates.
3. What does the sale price range of $300k–$350k indicate?
This recent range (from early 2025) suggests the home likely sold for more than its assessed value, which is common in active markets. The range indicates strong buyer interest and that the market price aligned with or exceeded its official valuation.
4. How does the lot size compare?
At 4,997 sqft, the lot is around average for Bardal Bay but slightly below the neighborhood average. It provides a standard-sized yard for the area, suitable for gardening, recreation, or future expansion like a deck or shed.
5. What are the comparable homes like?
Nearby reference properties, mostly built around 1960, are generally larger (1,050-1,132 sqft) and have higher assessed values ($279k-$351k). This highlights that 576 Bardal Bay is one of the more compact and value-oriented options on the block.