70 Rambling River Bay – Property Summary

Key Characteristics & Buyer Profile

This property sits on an exceptionally large lot—4,251 square feet—which places it at the top of its street and well above the citywide average of 6,570 square feet. The home itself was built in 2013, making it newer than most homes in Winnipeg (average 1966) and on par with recent builds in the surrounding area. Its living area is significantly larger than the citywide median, though exact square footage is not listed.

The assessed value is $53,000, which is very low compared to the neighborhood average of $544,700 and the citywide average of $390,100. This extreme gap suggests the assessment may reflect a specific condition or status—perhaps raw land, an incomplete build, or a special classification—rather than a livable home with typical market value. Buyers should verify what the assessment actually covers.

Where the appeal lies: The standout feature is the lot size. On a street where this property ranks #1 for land area, it offers space that is rare in newer subdivisions. The 2013 build year also means modern construction standards and systems. For someone willing to investigate the value discrepancy, there may be an opportunity to acquire a large, relatively new home at a fraction of neighborhood averages.

Who it would suit: Buyers who prioritize yard space and a newer build over immediate resale comparability. It may appeal to families wanting room for expansions, gardens, or outdoor structures, or to investors who can see past an unusual assessment and negotiate accordingly. It is less suited for someone looking for a straightforward "turnkey" purchase with predictable market value.

Frequently Asked Questions

1. Why is the assessed value so low compared to the neighbourhood average?
The $53,000 assessment stands out sharply against the neighborhood average of $544,700. This could mean the assessment reflects only the land value, or that the property is classified differently (e.g., vacant land, a partial structure, or a non-standard dwelling). Buyers should confirm with the municipal assessment office whether the figure includes the building, and whether recent improvements have been recorded.

2. Is the property actually a finished home, or is it something else?
The listing mentions "Living Area" and "Year Built: 2013," which suggests a residential structure exists. However, the assessed value is inconsistent with a finished home in this area. You should verify the current state of the property through a physical inspection and check if permits were closed out, or if the home is considered complete under local bylaws.

3. How does the lot size compare to other properties in Rosser-Old Kildonan?
The lot is 4,251 square feet. In the neighborhood, the average is 29,921 square feet, so this is actually small for that area—ranking in the bottom third locally. The "elite" street ranking is misleading because there are no other properties on the same street to compare against. Citywide, the lot is larger than 70% of homes, but within its own neighborhood, it is below average in size.

4. Does the property have any recent sales history or price trends?
No sales data is provided. Without comparable sold prices, it is hard to gauge true market value. The unusual assessment and ranking gaps suggest this property may not have traded recently, or that it is unique enough to avoid easy comparison. A local realtor or appraiser familiar with Rosser-Old Kildonan could offer better context.

5. What should I be cautious about before making an offer?
Beyond verifying the assessment, check whether the low value results from a structural issue, zoning restriction, or outstanding liens. Also confirm whether "Living Area" is finished and legal. Because the neighborhood average land size is nearly seven times larger, this property may not fit the typical profile for the area, which could affect future resale if buyers expect more acreage.