Property Overview: 5 Cameo Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 5 Cameo Crescent in the Rossmere-A neighborhood presents a practical and balanced offering for Winnipeg buyers. Built in 1966, its construction date is notably newer than most homes on its own street, suggesting potentially fewer age-related concerns compared to immediate neighbors. With 1,150 sqft of living space, it sits comfortably within the average range for both the community and the wider city, offering a functional layout for a smaller family, couple, or first-time buyer.
The appeal here is grounded in value and neighborhood positioning. The property’s tax-assessed value is below the street average but aligns closely with the Rossmere-A community average, indicating it may offer more space or a better-condition home for a similar community price point. A thoughtful perspective is the lot size: while smaller than others on Cameo Crescent, it is near the community average, which could mean less yard maintenance—a potential perk for some lifestyles—without sacrificing the feel of a standard residential plot.
This property would best suit buyers looking for an established, no-frills home in a mature neighborhood. It’s a sensible choice for those prioritizing practicality over prestige, who want a manageable space without being the smallest or largest home on the block. The data suggests it’s a middle-of-the-road option in the broader market, offering a stable entry into homeownership without extreme outliers in size, value, or age.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, a home on this street sold in the $250,000-$300,000 range in mid-2017. The current tax assessment is $343,000. For precise, up-to-date sale histories, a manual title search or inquiry with a real estate professional is recommended.
2. Is the lot size a disadvantage?
While the lot is smaller than most on Cameo Crescent, it is close to the average for the Rossmere-A community. This could be an advantage for buyers seeking a more manageable yard with less upkeep.
3. What does the 1966 build year mean for me?
A 1966 build is typical for Winnipeg. Being newer than most on its specific street is a relative positive, but a thorough home inspection remains crucial to understand the condition of major systems like roof, wiring, and plumbing common to homes of this era.
4. Who determines the tax assessment, and how does it relate to market price?
The City of Winnipeg assesses the value for property tax purposes. This assessment ($343,000) is an administrative figure used to calculate your tax bill and may differ from the home’s current market value or eventual sale price, which is determined by buyer demand.
5. How does this home rank within the city?
The home’s living space, lot size, and assessed value all rank near the middle ranges (between the 48th and 56th percentile) when compared to all Winnipeg properties, indicating it is a very typical offering in the broader market context.