Property Overview: 551 Sharron Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This Rossmere-A home, built in 1959, presents a solid, grounded opportunity in the Winnipeg market. Its key appeal lies in its balance and established neighborhood context, rather than standout size or modernity. The 1,038 sqft living space is consistently "around average" for its street, neighborhood, and city, indicating a comfortable, typical layout for the area.
The property’s strengths are its generous 6,048 sqft lot—ranking in the top 20-30% across all comparison levels—and an assessed value that sits above average for its immediate surroundings. This suggests a well-regarded position on the street and a land value that may offer future potential. The home last sold between $350k-$400k in late 2024, a price point that performed well against local and area averages.
This home would suit a practical buyer seeking an established, no-surprises neighborhood. It’s ideal for someone who values a larger-than-average yard in a mature community over a recently renovated interior. It represents a classic Winnipeg trade-off: choosing a premium lot size and stable location in a post-war era home, likely appealing to first-time homeowners, downsizers, or long-term investors comfortable with the maintenance profile of a 65-year-old property.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the market price?
The assessed value of $349k is above the local averages, which often reflects the municipality's view of the property's worth relative to its neighbors. However, the recent sold price range ($350k-$400k) is the more direct market indicator. The fact that the sold price landed in a range above the assessment suggests competitive interest.
2. How does the lot size compare, and why does it matter?
The lot is a key feature, ranking in the top 20% on its street. At over 6,000 sqft, it provides significant outdoor space—a notable advantage for gardening, recreation, or future expansion—in a neighborhood where lots are typically smaller.
3. The home is older; what should I consider?
Built in 1959, the home is typical for Rossmere-A. Prospective buyers should prioritize a thorough inspection focusing on aging core components like the roof, foundation, plumbing, and electrical systems, which may need updates or have specific maintenance histories.
4. How does this property rank for investment or resale?
Its "around average" living area and "above average" lot create a specific profile. It may attract buyers seeking yard space, but its resale appeal could depend more on overall condition and updates than on its inherent size. Its stable performance against area sold price averages indicates a reliable, if not explosive, value proposition.
5. Where can I get verified sale history and exact past prices?
The provided sold price is an estimated range from public data. For fully verified transaction history and exact figures, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry regulations.