Property Overview: 557 Cedarcrest Drive, Winnipeg
Key Characteristics & Appeal
This home at 557 Cedarcrest Drive in the Rossmere-A neighborhood presents a solid, established property with strong local standing. Built in 1960, its 1,078 sqft living area is notably above average for its specific street and closely aligned with the neighborhood norm, offering comfortable space without being oversized. The property’s true standout metrics are its municipal assessment value of $357,000, which ranks in the top 16% on its street and top 23% in Rossmere-A, and its land size of over 6,000 sqft, which places it in the top 30% citywide. This suggests a well-regarded home on a generous lot relative to many in Winnipeg.
The appeal lies in its proven stability and above-average positioning within its immediate community. It’s a property that has appreciated, with its last recorded sale in mid-2022 in the $350,000-$400,000 range, significantly higher than its 2020 sale. It suits practical buyers looking for a home in a mature neighborhood where the property itself—through its lot size and assessed value—offers a relative advantage over nearby peers. It’s ideal for someone who values established communities, appreciates the potential of a good-sized lot, and is less concerned with a newer build or a home that is significantly larger than the area average.
Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
Based on municipal assessment data, this home’s assessed value of $357,000 ranks higher than most on its street and in the Rossmere-A area, indicating it is likely valued more highly than many comparable nearby properties for tax purposes.
2. Is the lot size a significant feature?
Yes. At 6,047 sqft, the land area is larger than approximately 70% of similar properties across Winnipeg, offering more outdoor space than is typical citywide and is a competitive asset within the neighborhood.
3. What does the sale history indicate?
The home sold between $300,000-$350,000 in late 2020 and then between $350,000-$400,000 in mid-2022. This indicates notable price appreciation over that period, consistent with broader market trends of the time.
4. How does the living space compare to nearby homes?
With 1,078 sqft, it provides more living area than about 75% of the homes on Cedarcrest Drive itself. It is very close to the average size for the Rossmere-A community, so it offers a standard amount of space for the area.
5. Where can I find precise historical sale prices?
The website notes that precise sale data is not publicly displayed due to industry restrictions. They offer an option to request the exact historical sale prices via email, which they will provide manually without marketing spam.