Property Overview: 86 Cameo Crescent, Winnipeg
Key Characteristics & Appeal
This home at 86 Cameo Crescent in Rossmere-A stands out for its exceptional proportions and established value. Its primary appeal lies in offering significantly more space than typical properties, both indoors and out. With 1,842 sqft of living area, it ranks in the top 12% on its street and an elite top 3% within the wider Rossmere-A neighborhood. The lot size is its most distinguished feature—at 15,648 sqft, it is the largest on Cameo Crescent (top 2%) and ranks in the top 1% for the neighborhood, offering rare potential for gardens, expansion, or recreation.
Built in 1964, the home is of a vintage common to the area. Its assessed value of $510k is notably higher than averages on the street ($380.5k) and in the neighborhood ($329.8k), reflecting its substantial footprint and perceived worth.
This property would best suit buyers who prioritize generous indoor and outdoor space over a brand-new build. It’s ideal for families seeking room to grow, hobbyists or gardeners wanting a large yard, or value-conscious buyers looking for a home with above-average metrics in a mature community. The data suggests you are paying a premium for land and living area, making it a strong candidate for those who see long-term value in those assets.
Frequently Asked Questions
1. How does the 2020 sale price range ($450k-$500k) relate to the current $510k assessment?
The assessed value is typically for taxation purposes and can differ from market value. The current assessment being higher than the last known sale price may reflect market changes, improvements, or the municipality's valuation model. It’s a starting point for discussion, not a definitive market price.
2. What does the "Elite" ranking for lot size practically mean for me?
Ranking in the top 1% for lot size in Rossmere-A means you have unparalleled outdoor space for the area. This translates to greater privacy, more landscaping possibilities, and potential for additions like a shed, pool, or large deck that wouldn't be feasible on a standard lot.
3. The home is older (1964). Should I be concerned?
The year built is around the average for the street and neighborhood. This isn't unusual for established Winnipeg communities. The focus should be on the condition of major systems (roof, wiring, plumbing, foundation) and any updates made over the years, rather than the age itself.
4. The assessed value is much higher than my neighbor's. Will my taxes be?
Generally, yes. Property taxes are calculated using the assessed value. A home with an "Elite" assessed value ranking will typically have a correspondingly higher tax bill compared to neighborhood averages. It’s advisable to research the exact annual tax amount.
5. The living area is above average, but how is the layout?
The data confirms the quantity of space. However, the floor plan and flow are not detailed here. A home from the 1960s may have a different room configuration than a modern open-concept design. Viewing the property or seeking a floor plan is essential to understand how the square footage is utilized.