Property Overview: 5 Tain Bay, Winnipeg
Key Characteristics & Appeal
This 1959-built home in Rossmere-A presents a solid, middle-of-the-road offering in the Winnipeg market. With 1,208 square feet of living space and an assessed value of $335,000, it sits comfortably around average compared to its immediate street, neighborhood, and the wider city. Its appeal lies in this very stability—it’s a property that doesn’t stand out for extreme size or value, which can mean less competition and a more straightforward purchasing process.
A thoughtful perspective is its lot size. At 5,927 sqft, the parcel is below average for Tain Bay but typical for Rossmere-A. This could appeal to buyers who want a manageable yard without excessive maintenance, yet it’s worth noting it’s the smallest plot on its specific street. The home itself is newer than most on its block, suggesting potentially fewer immediate concerns related to the age of major systems compared to its direct neighbors.
This home would suit pragmatic first-time buyers or downsizers looking for a established, no-surprises neighborhood. It’s also a sensible fit for investors seeking a rental property with stable, average metrics in a mature community. The data indicates it’s not a standout fixer-upper or a luxury offering, but a dependable entry into homeownership.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Public data shows it last sold between $250,000-$300,000 in mid-2017. The current assessed value of $335,000 is above that range, aligning closer with recent neighborhood assessments for similar homes. Exact historical sold prices are available by request.
2. Is the lot size a disadvantage?
It depends on your priorities. The lot is smaller than others on Tain Bay, but is actually slightly larger than the Rossmere-A neighborhood average. It offers a balance of outdoor space with less yard work than larger plots.
3. What does the "around average" ranking mean for living area and value?
It means the home’s size and official valuation are very typical for Winnipeg. You are unlikely to be overpaying for premium square footage, nor are you finding a hidden, undervalued gem. It represents market median.
4. The home is older. Should I be concerned?
Built in 1959, it is actually newer than the average home on its street. While any home of this age will require due diligence during inspection, its relative age on the block could be a positive sign regarding the era of its core construction.
5. Who are the immediate neighbors?
The four closest properties are all on Tain Bay (1, 2, 3, 4, and 6 Melness Bay), suggesting a quiet, low-traffic cul-de-sac or bay setting typical of the Rossmere area.