Property Overview
This home at 554 Cedarcrest Drive in Winnipeg's Rossmere-A neighborhood presents a solid, middle-of-the-road offering. Its key appeal lies in its consistency. With 1,042 sqft of living space, a 6,047 sqft lot, and an assessed value of $336k, it performs steadily across street, neighborhood, and citywide comparisons—rarely leading the pack but reliably avoiding the bottom. It was built in 1960, which is notably newer than many on its street. The property last sold in September 2023 for an estimated $400k–$450k.
This home suits practical buyers seeking a stable, no-surprises entry into a mature neighborhood. It’s ideal for first-time homeowners who value a manageable size and lot, or downsizers looking for a comfortable, established community without a premium price tag. Its balanced metrics suggest a lower risk of overpaying relative to the immediate area, offering a sense of security rather than standout features.
Frequently Asked Questions
1. How does this home’s value compare to nearby properties?
The assessed value is almost exactly at the street average ($336k vs. $336.9k) and slightly above the neighborhood average. Recent nearby sales of comparable homes show assessed values ranging from $304k to $345k, placing this property firmly in the middle of that range.
2. Is the lot size a pro or a con?
The lot is slightly smaller than the street average but larger than the typical lot in Rossmere-A. For the city overall, it ranks above average. It offers a decent outdoor space that is manageable for maintenance but not expansive.
3. What does the 1960 build year mean for a buyer?
While the home is not new, it is newer than most on Cedarcrest Drive, ranking in the top 8% on the street for year built. This could imply somewhat newer infrastructure compared to immediate neighbors, but a full inspection is still essential for a home of this age.
4. What can the 2023 sale price range tell me?
The home sold for an estimated $400k–$450k in September 2023. This suggests it likely sold for above its assessed value at that time, which is common in active markets. Requesting the exact sale price via the provided service can clarify the premium paid.
5. Who might this property not suit?
Buyers seeking a large, modern living space or a standout investment with high appreciation potential may find it too average. Its metrics indicate a home that mirrors its surroundings, appealing more to those seeking community consistency than a unique or appreciating asset.