Property Overview: 64 Bret Bay, Winnipeg
Key Characteristics & Appeal
This home at 64 Bret Bay in the Rossmere-A neighborhood presents a practical and value-conscious opportunity. Built in 1975, it is newer than most homes on its street and in the wider community, which can be a positive indicator for the condition of core structural components. With 1,168 sqft of living space, it offers more room than the average home on Bret Bay and within Rossmere-A, providing good functional space for its scale.
The primary appeal lies in its financial positioning. The property’s assessed value for taxes is notably below average for the street, neighborhood, and city, suggesting a potentially lower property tax burden. This, combined with a previous sale price indicated between $200,000-$250,000 in 2021, positions it as an accessible entry point into the market. The lot, while smaller than typical for the area, translates to less exterior maintenance.
This home would suit first-time buyers or practical investors seeking a foothold in a stable neighborhood without a premium price tag. It’s for those who prioritize interior space and modern construction (relative to the area) over a large yard, and who see value in a home with a below-average tax assessment. It may also appeal to buyers comfortable with a property that offers solid fundamentals but likely requires personalization.
Frequently Asked Questions
1. Is the lower tax assessment a good thing?
Generally, yes, as it means a lower annual property tax bill. However, it also reflects the city’s valuation, which is typically below market value. It shouldn't be mistaken for the home's potential selling price.
2. The lot size is smaller than most in the area. What does this mean for me?
This means less yard work and lower landscaping costs, which is a benefit for those seeking low-maintenance living. The trade-off is less private outdoor space for gardening, play, or expansion.
3. The home was built in 1975. What should I be aware of?
While newer than many neighbors, a 1975 home may still contain original components like windows, roofing, or major systems (furnace, electrical) that are nearing or past their typical lifespan. A thorough inspection is crucial.
4. How reliable is the 2021 sale price data shown?
The site notes this data is sourced from public records, not the MLS, and is presented as a range. For precise historical sale data, you must request it directly from the site operators, as they do not publish official MLS records.
5. The living space ranks well, but the overall value assessment ranks low. Why the disconnect?
This highlights the property’s profile: it offers good interior space in a newer-built shell, but its overall municipal valuation is weighed down by factors like the smaller lot size and potentially the home’s finish level or specific location on the street.