Property Overview: 86 Callum Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This Rossmere-A bungalow presents a practical and affordable entry point into the Winnipeg housing market. Its key characteristic is balance: while the 864 sqft living area is modest and below regional averages, it sits on a notably larger-than-average lot for its immediate street. The home, built in 1975, is newer than most in the area, which can suggest updated infrastructure. The assessed value of $266k is comfortably below both neighborhood and city averages, indicating a lower property tax burden and an accessible price point.
The appeal lies in its value proposition and potential. It suits first-time buyers or downsizers seeking manageable space without a towering mortgage. The generous lot offers room for gardening, play, or future expansion, a relative rarity for the price. It’s a home for those who prioritize financial ease and land size over interior square footage, and who see potential in a well-located, newer-vintage property that may benefit from thoughtful updates.
Section 2: Frequently Asked Questions
1. Is the below-average living area a major drawback?
It depends on your needs. For a single person, couple, or minimalist small family, it can be efficient and cost-effective. The trade-off is the larger lot, which provides valuable outdoor space not always available with similarly priced homes.
2. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes, not market value. However, it’s a useful benchmark. With an assessment near the street average but well below city averages, it suggests a market price that is affordable within the broader context, though final sale price will depend on condition, updates, and market demand.
3. The home sold in 2016. What can that price tell me?
The previous sale price (listed in a $200k-$250k range) shows historical value. Given the current assessment and market trends, it indicates significant equity growth for the past owner, but it does not dictate the current market value.
4. What does "newer than most in the area" really mean for a 1975 home?
While still 50 years old, being newer than most neighbors can mean things like copper wiring (vs. aluminum), more modern plumbing, or a layout that feels less dated. It’s a relative advantage in maintenance and update costs compared to older homes nearby.
5. Are property taxes here likely to be high?
No. Property taxes are based on the assessed value. With an assessment significantly below the Winnipeg average, the annual tax bill should be proportionally lower, which is a key ongoing cost advantage.