Property Overview: 8 Macaulay Place, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 8 Macaulay Place in the Rossmere-A neighborhood presents a practical and straightforward opportunity. Built in 1961, its 1,074 sqft living area is very typical for the street and community, offering a manageable size for a small family, couple, or first-time buyer. The property’s most notable characteristic is its below-average assessed value for tax purposes ($298,000), which is lower than most comparable homes on its street and in the wider area. This suggests a potentially lower property tax burden relative to neighbors, which is a key, though less obvious, financial consideration.
Its appeal lies in its position as a standard, no-surprises home in an established area. The lot size is smaller than others on Macaulay Place, which could mean less yard maintenance—a perk for those seeking simplicity. The home suits value-conscious buyers looking for an entry point into a stable neighborhood without premium pricing. It’s a candidate for someone comfortable with a home of vintage character who prioritizes financial efficiency and a lighter upkeep footprint over a large plot or modern build.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($298,000) is used by the city for calculating property taxes. The market value (what a buyer might pay) is determined by recent sales, condition, and market demand. A nearby home with a similar build year and size sold for between $300,000 and $350,000 in late 2023.
2. How does the smaller lot size impact the property?
While the land area is below the street average, it is closer to the norm for the wider city. This typically translates to less exterior maintenance. However, it may limit expansion possibilities or the space for large outdoor amenities compared to some direct neighbors.
3. What does the 1961 build year mean for maintenance?
Homes from this era have proven, simple layouts but will likely have aging core components. A thorough inspection is crucial to understand the condition of the roof, windows, plumbing, and electrical systems, which may be due for updates or replacement.
4. The data shows the home is "below average" for value on its street. Is this a bad sign?
Not necessarily. It primarily indicates a lower property tax assessment compared to neighbors. This could be due to various factors, including the smaller lot, specific home features, or the city's assessment model. It represents a potential ongoing cost saving for the owner.
5. How can I get precise historical sale prices for this home?
The provided data is an estimated range from public records. For absolute accuracy, you must request the information directly via the email service mentioned on the detail page, as precise MLS sale data is not publicly displayed due to industry regulations.