Property Overview
This home at 583 Bardal Bay in Winnipeg's Rossmere-A neighborhood presents a solid, mid-century property with clear strengths in its immediate area. Built in 1959, it offers 1,044 sqft of living space on a 4,999 sqft lot. The standout feature is its municipal tax assessment of $391,000, which ranks it exceptionally high on its own street and well above average in the broader community, suggesting it is viewed as a premium property in its local context. Historical data indicates a significant appreciation between its 2016 sale (estimated $300,000-$350,000) and its 2022 sale (estimated $400,000-$450,000).
Key Characteristics & Appeal
The primary appeal of this property lies in its established neighborhood setting and its strong valuation relative to its direct peers. While its size is modest compared to the Winnipeg average, it is above average for Bardal Bay street and typical for the Rossmere-A community. This indicates a well-kept home in a consistent, mature area. Its top-tier assessment value on the street signals a property that likely has maintained or improved its condition and appeal better than many neighbors. It would suit a buyer looking for a manageable, single-family home in a stable area without the upkeep of a very large lot, and who values a property with a strong perceived value within its micro-market. A thoughtful perspective is that this home represents the "anchor" of its block—its high assessment could help buoy the value of nearby properties and reflects a history of owners who have invested in it.
Frequently Asked Questions
1. Why is the tax assessment so much higher than the street average?
The assessment of $391,000 ranks in the top 2% on Bardal Bay, where the average is around $320,000. This typically reflects factors like renovations, additions, superior maintenance, or favorable lot characteristics that the municipal assessor has recognized, setting this property apart from its immediate neighbors.
2. How has the property's value changed over time?
Available data shows a notable increase. The home sold for an estimated $300,000-$350,000 in 2016 and then for an estimated $400,000-$450,000 in 2022. This suggests strong market growth for the property in that six-year period.
3. Is the living space considered small?
At 1,044 sqft, it is slightly above the average for its street (1,009 sqft) and close to the community average (1,116 sqft). It is, however, below the city-wide average. This indicates a comfortably sized home for the Rossmere-A area, but potentially cozier than newer suburban builds.
4. What are the comparable homes nearby?
The listing shows several nearby homes on Ian Place, Edison Avenue, and De Graff Place, mostly built around 1960 with similar living areas (1,038 - 1,132 sqft). Their assessments range from about $279,000 to $356,000, providing context that 583 Bardal Bay sits at the higher end of this local spectrum.
5. How can I get the exact historical sale prices?
The site notes that due to industry restrictions, precise sale data is not publicly displayed. They offer a manual service where you can request the accurate sales history via email, with a promise of a reply by the end of the same day without marketing spam.