Property Overview: 601 Cedarcrest Drive, Winnipeg
Key Characteristics & Appeal
This home at 601 Cedarcrest Drive in the Rossmere-A neighborhood presents a solid, value-oriented proposition in the Winnipeg market. Built in 1960, its 1,020 sqft living area is modest and slightly below the citywide average, but it is competitively sized for its immediate street and community. The true standout feature is the 6,048 sqft lot, which is larger than most in both the Rossmere-A area and across Winnipeg, offering valuable outdoor space and potential.
The home’s appeal lies in its strong positional value within its micro-market. Its municipal tax assessment of $364,000 ranks significantly above average for its street (top 12%) and neighborhood (top 19%), suggesting it is viewed favorably relative to its direct peers in terms of property value. This indicates a well-regarded location on Cedarcrest Drive. Recent sales history shows steady price appreciation over the last decade.
This property would suit first-time buyers or practical downsizers looking for an established neighborhood with larger lot sizes. It’s ideal for someone who prioritizes yard space over a large interior footprint and is comfortable with a home from the 1960s that may require updates. The data suggests it’s a competitively priced entry point into a stable area where the property itself holds more value than the building.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 1,020 sqft, the living space is very close to the average for both Cedarcrest Drive (1,076 sqft) and the wider Rossmere-A community (1,116 sqft). It is, however, notably smaller than the Winnipeg citywide average for comparable homes.
2. Why is the tax assessment higher than many neighbors?
The assessment of $364,000 is in the top tier for the street and neighborhood. This typically reflects a combination of the desirable lot size, the home’s condition and improvements, and its specific location within the area, as assessed for municipal tax purposes.
3. What is the significance of the lot size?
The 6,048 sqft lot is a key asset. It is larger than approximately 70% of lots in Rossmere-A and 70% citywide. This offers more privacy, yard space for gardening or recreation, and future potential than many similarly priced properties.
4. What can past sales tell us about the property’s market trend?
Public records indicate the home sold in the $250,000-$300,000 range in 2016 and the $300,000-$350,000 range in 2019. This trajectory shows consistent value growth, though for precise sale figures, direct inquiry with the listing source is required.
5. How does this home compare to others with a similar tax assessment?
Homes across Winnipeg with a similar $364,000 assessment are varied. This property’s value proposition is its above-average lot size in a established neighborhood, whereas similarly assessed homes in other areas might offer more interior space or newer construction on a smaller plot.