Property Overview: 618 Cedarcrest Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 618 Cedarcrest Drive in Rossmere-A is a classic Winnipeg bungalow built in 1959, offering a practical and grounded living proposition. Its key appeal lies in its solid value positioning within a stable neighborhood. With 996 sqft of living space, it is a compact and manageable size, sitting slightly below the averages for both the Rossmere-A area and the city overall. The lot size of 6,007 sqft is generous for the neighborhood, providing good outdoor space relative to nearby homes.
The property’s assessed value of $324k is consistently "around average" at the street, neighborhood, and city level, indicating a fair and typical market valuation without significant premium or discount. This creates a sense of predictability for a buyer. Past sale data shows steady appreciation, with the home selling in the $350k-$400k range in 2022, a notable increase from its $250k-$300k sale price in 2016.
This home would best suit first-time buyers, downsizers, or practical investors looking for an entry point into a well-established neighborhood without overextending financially. It’s for someone who values a larger yard over expansive interior square footage and sees the manageable size as an opportunity for efficient living or a straightforward renovation project. The data suggests it’s not a standout luxury property, but rather a reliable, working-class home that has held its value in line with community trends.
Section 2: Frequently Asked Questions
1. Is this house smaller than most in Winnipeg?
Yes. At 996 sqft, the living area is below the Winnipeg average of 1,342 sqft for comparable homes. However, it is much closer to the average for its specific street (1,076 sqft) and neighborhood (1,116 sqft).
2. How does the property’s value compare to others?
Its $324k assessed value is very typical. It ranks near the middle compared to homes on its street, in Rossmere-A, and across Winnipeg, indicating it is priced in line with the market rather than being an outlier.
3. What is the history of price changes for this home?
Based on public records, it last sold in August 2022 for an estimated $350,000-$400,000. Prior to that, it sold in June 2016 for an estimated $250,000-$300,000, reflecting a period of solid market appreciation.
4. How does the lot size compare?
The 6,007 sqft lot is actually larger than the average lot in the Rossmere-A neighborhood (5,685 sqft). While it's slightly below the average for its specific street, it offers above-average outdoor space for the immediate area.
5. Are there similar homes nearby for comparison?
Yes. The listing provides several nearby examples in Rossmere-A with similar assessed values (typically between $304k and $366k) and living areas, such as 748 Oakland Avenue and 687 Mcleod Avenue. This confirms the home's characteristics and valuation are consistent with the local market.