Property Overview: 661 Bardal Bay, Winnipeg
Key Characteristics & Buyer Appeal
This 1,048 sqft bungalow in Rossmere-A, built in 1960, presents a solid, no-surprises home in a mature neighbourhood. Its primary appeal lies in its established setting and relative value. The home's living area is notably above average for its specific street, ranking in the top 19% of Bardal Bay, which suggests a comfortable size compared to its immediate neighbours. With an assessed value of $330k, it sits above the street average but aligns closely with the broader neighbourhood average, indicating a fair market positioning without a premium for the area.
The lot size, at just under 5,000 sqft, is smaller than most on the street and in Rossmere-A, which could mean less yard maintenance—a plus for some—but less private outdoor space for others. A thoughtful perspective is that this home represents a "middle-of-the-road" option in several metrics: it’s not the largest or newest, but it consistently avoids being at the bottom, offering stability. It would suit a first-time buyer or downsizer looking for a manageable, move-in-ready home in a quiet, long-established community without the premium price tag of newer subdivisions or extensively renovated properties. Its recent sale in 2024 suggests it’s a turnkey option in a stable market segment.
Frequently Asked Questions
1. How does this home’s value compare to nearby sales?
The home sold between $350k-$400k in August 2024. Its assessed value ($330k) is very close to the neighbourhood average and similar to many comparable homes on nearby streets like Ian Place or Edison Avenue, which have recent assessed values ranging from $279k to $345k.
2. Is the lot size a disadvantage?
The lot is smaller than most on Bardal Bay. This means less yard to maintain, which can be an advantage for those seeking low upkeep. However, it may offer less potential for large additions or extensive landscaping compared to properties on larger lots in the area.
3. What does the "Elite" ranking for year built mean?
Built in 1960, it is the newest home on Bardal Bay when compared directly to its 58 street neighbours, ranking #1. This suggests it may have slightly newer infrastructure than other homes on the block, though the neighbourhood and citywide averages are similar.
4. Are property taxes likely to be high?
With an assessed value closely aligned with the Rossmere-A average ($329.8k), the property taxes should be typical for this well-established neighbourhood and not disproportionately high for the city.
5. How stable is the value in this area?
The home previously sold in the $300k-$350k range in 2020, and its 2024 sale price shows appreciation. Its value metrics are consistently average or better at the neighbourhood and city level, suggesting it holds value in line with the broader market rather than being volatile.