Property Overview: 5 Dounreay Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 5 Dounreay Bay in the Rossmere-A neighborhood presents a solid, mid-century property with a compelling value proposition within its community. Built in 1960, its 1,195 sqft living area is notably above average for Rossmere-A, offering more interior space than many nearby homes. The property’s municipal tax assessment of $378,000 is well above the community average, suggesting official recognition of its relative value and condition within the area.
The appeal lies in its strong community standing and efficient footprint. It ranks in the top 26% of Rossmere-A for living space and the top 13% for assessed value, indicating a home that likely offers better-than-average finishes, upkeep, or layout for the locale. While its lot size is the smallest on its specific street, it is still very close to the neighborhood and city averages, representing a manageable yard. Recent sale history shows significant appreciation, with a jump from the $300k-$350k range in 2019 to $450k-$500k in 2023.
This property would suit practical buyers looking for a well-sized home in an established neighborhood without a premium for a large lot. It’s ideal for those who prioritize interior space and community-relative value over having the biggest yard on the block. It also represents a sensible option for buyers who see the value in a home that already appears well-assessed relative to its surroundings, potentially simplifying financing and insurance evaluations.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its immediate neighbors?
The data shows a interesting dynamic: while this home has the smallest lot on Dounreay Bay, it carries the second-highest tax assessment on the street. This suggests that the value is driven more by the structure itself—its size, condition, or improvements—than by its land portion compared to direct neighbors.
2. What does the sale history indicate about the market here?
The 2023 sale price ($450k-$500k) placed this home in the top 1% of the Rossmere-A neighborhood at that time, a dramatic rise from its 2019 position. This indicates either substantial improvements were made or that the street/area saw very strong market appreciation over that four-year period.
3. Is the living space typical for the area?
Yes, and it’s a standout feature. With 1,195 sqft, the home offers significantly more space than the Rossmere-A average (~1,116 sqft), making it a roomier option within the community, though it is slightly below the average for its specific street.
4. The home was built in 1960. What should I consider?
While the build year is older, it is actually newer than the average home on its street (1959) and typical for Winnipeg. Buyers should prioritize a thorough inspection focusing on updates to major aging components like roofing, plumbing, electrical, and windows, which are common considerations for homes of this era.
5. How accurate is the price data provided here?
The site notes that the precise sale prices are estimates from public records, not the official MLS system. For absolute accuracy, they recommend contacting them directly for verified data. The provided ranges, however, are useful for understanding the general market trajectory and positioning of the property.