Property Overview: 70 Bret Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 70 Bret Bay in the Rossmere-A neighborhood is a practical and affordable entry point into the Winnipeg market. Its key characteristic is its compact efficiency, with a living area of 760 sqft that is notably smaller than area averages, situated on a standard city lot. The 1975 build year is a relative strength for the immediate street and the established Rossmere-A community, suggesting a potentially more modern construction than many nearby homes.
The primary appeal lies in its financial accessibility. With a tax assessment value of $264,000, it sits well below the citywide average, indicating lower property taxes and an attractive price point for budget-conscious buyers. Its recent sale history shows steady value appreciation. This property would best suit first-time homebuyers, downsizers looking for a manageable space, or investors seeking a straightforward rental property in a mature neighborhood. A less obvious perspective is that its smaller size and efficient lot could mean lower utility and maintenance costs, offering a simpler, more sustainable lifestyle without the upkeep of a larger property.
Section 2: Frequently Asked Questions
1. Is the house much smaller than others in the area?
Yes. At 760 sqft, the living space is significantly smaller than the averages for Rossmere-A (1,116 sqft) and Winnipeg overall (1,342 sqft). This emphasizes efficient use of space and likely lower heating/cooling costs.
2. How does the 1975 build year compare to neighbors?
It's a positive feature locally. On Bret Bay street, it ranks in the top 4% for being newer, and it's newer than 90% of homes in Rossmere-A, suggesting it may have had fewer generations of wear or outdated systems compared to older area homes.
3. What does the tax assessment value tell me?
The $264,000 assessment is close to the street average but below the community and city averages. This typically correlates with a lower purchase price and confirms this as a more affordable option within the area, with proportionally lower property taxes.
4. How has the property's value changed over time?
Based on available data, it sold for between $200,000-$250,000 in 2019 and between $250,000-$300,000 in 2022, indicating a pattern of value increase over that three-year period.
5. Where can I get precise historical sale prices?
The website does not display exact MLS sale prices due to industry restrictions. To obtain precise historical sale data, you must register on the site and request the information via email, which will be provided manually by the site operators.