558 Sharron Bay

Property Overview: 558 Sharron Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 558 Sharron Bay in the Rossmere-A neighborhood is a classic Winnipeg property that represents solid, middle-of-the-market value. Built in 1959, its 1,044 sqft living area and 6,047 sqft lot are both very close to the averages for its street and community, indicating a typical and comfortable size for the area. The property’s municipal tax assessment of $349,000, however, ranks notably higher than local averages, suggesting it may have features or conditions that are valued above the norm for Rossmere-A.

The appeal lies in its established neighborhood setting and its balanced, no-surprises profile. It’s a property that doesn’t stand out for being exceptionally large or new, but rather for being squarely in the mainstream of its community—a potential advantage for buyers seeking predictability and stability. The lot size is a relative strength, offering more outdoor space than many in the wider Rossmere-A area. A thoughtful perspective is that this home likely appeals to those who prioritize the character and maturity of a long-established neighborhood over a brand-new build, and who see value in a property that aligns closely with community norms rather than deviating from them.

This home would suit first-time buyers or downsizers looking for a manageable, single-family home in a quiet, mature neighborhood. It’s also a practical fit for value-conscious buyers who want a property with a strong assessment basis relative to its immediate peers, potentially indicating good upkeep or desirable lot attributes.

Section 2: Frequently Asked Questions

1. What does a "higher-than-average" tax assessment mean for this property?
It means the city has assigned it a higher value for taxation purposes compared to many nearby homes. This can reflect recent improvements, a premium lot, or superior condition, but it also typically results in a higher property tax bill.

2. How does the 1959 build year affect the home?
Homes from this era often feature solid construction and straightforward layouts. Buyers should budget for potential updates to major aging components like the roof, windows, or heating system, which are common in houses of this vintage.

3. The last recorded sale was between $300,000-$350,000 in mid-2019. Is the current asking price reasonable?
The provided data shows the 2019 sale price was in a typical range for the area at that time. To assess current value, you would need to compare the asking price to recent 2024/2025 sales of similar homes in Rossmere-A, accounting for market changes over the past five years.

4. What are the pros and cons of a property that is "close to average" in most metrics?
The advantage is stability and predictability; you’re getting a home that fits the neighborhood profile. A potential downside is less opportunity for standout appreciation based on unique features, as the value is closely tied to general market movement in Rossmere-A.

5. How can I get the exact historical sale prices for this home?
The page notes that precise MLS sale records are not displayed due to industry restrictions. To obtain the complete and accurate sales history, you must contact the site operator via email to request the information, which they provide manually.