Property Overview: 498 Stalker Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 498 Stalker Bay in the Rossmere-A neighborhood presents a solid, mid-century property with standout value within its immediate area. Built in 1960, its 1,114 sqft living space and 6,046 sqft lot are both very close to the averages for the street and community, offering a practical layout without extremes. The primary appeal lies in its strong financial positioning: with a tax-assessed value of $386,000, it ranks in the top 12% on its street and top 10% within Rossmere-A, suggesting it is viewed as a higher-value property among its direct peers. This could indicate above-average updates, a premium lot location, or simply a well-maintained home in a sought-after pocket.

The property would suit pragmatic buyers looking for a stable investment in a mature neighborhood. It’s ideal for someone who values being above the local average in assessed value—which can correlate with curb appeal and pride of ownership—while appreciating the space and consistency of a 1960s build. It’s less suited for those seeking a very large or very modern home, but perfect for buyers who prioritize community standing and long-term stability over flashy square footage.

Section 2: Frequently Asked Questions

1. What does a high tax assessment relative to the street actually mean?
A tax assessment significantly higher than the street average often reflects municipal valuation of desirable attributes, such as recent improvements, superior condition, or a favorable lot. It’s a positive indicator of the property’s standing but is also directly tied to your future property tax bill.

2. The home was built in 1960. What should I be mindful of?
While the build year is typical for the area, key systems like plumbing, electrical, the roof, and the foundation should be carefully inspected. Homes from this era may have original components nearing the end of their service life or may have undergone partial updates.

3. How stable is the property’s value based on its history?
Recent sale data (2020 and 2019) shows previous transactions in the $300,000-$350,000 range. The current assessed value of $386,000 suggests a notable increase in valuation since then, which should be explored to understand if it’s due to market-wide trends, specific improvements, or municipal reassessment.

4. The lot size is above average for the community but average for the street. Why is that?
This indicates that Stalker Bay generally features larger lots than other parts of Rossmere-A. You’re getting a community advantage in land size, but on this specific street, your parcel is typical. This can offer more outdoor space than many neighborhood homes while maintaining streetscape consistency.

5. How can I get the exact historical sale prices?
The precise sale figures are not publicly displayed due to industry regulations. The listing agent or a qualified real estate professional can request the complete sales history from the MLS system to provide you with accurate, verified data.