Property Overview: 684 Bardal Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 684 Bardal Bay in the Rossmere-A neighborhood is a classic Winnipeg bungalow, built in 1959. With 920 sqft of living space on a just-under 5,000 sqft lot, its size is modest and below average for both the street and the wider city. However, its appeal lies in a compelling financial positioning. The property's tax-assessed value of $343,000 ranks in the top 9% on its own street, suggesting it is viewed as a higher-quality or better-maintained home within its immediate context. Recent sales data indicates a transaction between $350,000-$400,000 in August 2024, aligning with this stronger-than-street-average valuation.

The home would suit first-time buyers or downsizers looking for an entry point into a stable, established neighborhood without a premium for excessive square footage. Its below-average size implies potentially lower utility costs and less maintenance, which can be a practical advantage. A thoughtful perspective for a buyer is to see the smaller footprint not as a limitation, but as a foundation for efficient living or a strategic renovation that could add significant value relative to neighboring homes.

Section 2: Frequently Asked Questions

1. Is the living space too small?
At 920 sqft, the home is smaller than most in Winnipeg. This suits simpler living needs but requires careful consideration of space for families or home offices. The floor plan's efficiency will be key.

2. Why is the tax assessment high for a smaller home on this street?
An assessment that ranks significantly higher than street averages often reflects factors like recent updates, superior condition, or desirable lot features not captured in basic size metrics. It's a signal to investigate the home's specific qualities.

3. What does the 2024 sale price tell us?
The reported sale in the $350k-$400k range confirms the market supported a price above the street's average assessed value. This suggests the home's market value is strong within its local context.

4. What are the implications of a 1959 build date?
This is a typical age for the area. It means potential for original charm but also necessitates thorough inspections for aging components like plumbing, electrical, and the roof, balanced against the possibility of mature landscaping and settled foundations.

5. How does the lot size compare?
At 4,997 sqft, the lot is slightly below average for the street but very standard for the city. It offers adequate outdoor space for a garden or deck without the burden of extensive lawn maintenance.