Property Overview: 161 Rossmere Crescent
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home built in 1951 on a generous 6,284 sqft lot in Winnipeg's Kildonan Drive area. Its key characteristic is its value-oriented proposition. The living space (848 sqft) is notably compact, ranking below average for the street and area, and the basement is noted as unrenovated. The assessed value is positioned below average for the immediate neighbourhood, suggesting a potentially accessible entry point.
The primary appeal lies in its land size and location. The lot is above average city-wide, offering ample outdoor space and future potential in a mature, established area. The home suits practical buyers seeking a foothold in a neighbourhood without a premium price tag. It would be a match for a first-time buyer comfortable with a smaller footprint, an investor looking for a land-value play, or someone willing to live in the existing space while planning a future renovation or expansion. Its recent sale in 2023 also provides relatively current market context for valuation.
Section 2: Frequently Asked Questions
1. Is the price reflective of a "fixer-upper" condition?
Given the below-average assessment for the street and the noted unrenovated basement, the price likely accounts for a home requiring updates. The value is primarily in the land and location rather than turn-key condition.
2. How does the small living area compare to nearby homes?
The 848 sqft living area is among the smallest on Rossmere Crescent itself, where comparable homes average about 1,320 sqft. This highlights the compact nature of the current living space.
3. What is the significance of the lot size?
The lot is a standout feature, ranking above average city-wide. This provides valuable outdoor space, privacy, and options for gardening, expansion, or future redevelopment, which is a key compensation for the smaller house.
4. Are sold prices for this home publicly available?
An approximate sold price range is shown for April 2023. For the exact historical sold price, you must request it directly via the provided email service, as the data is manually verified.
5. What does the "below average" assessed value on the street indicate?
It suggests this property is assessed lower than most of its direct neighbours. This could be due to its smaller size, condition, or specific attributes. It doesn't necessarily predict sale price, but it often indicates a lower starting point for property taxes compared to others on the same block.