Property Overview: 87 Pinecrest Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,280 sqft bungalow, built in 1968 on a 5,828 sqft lot in Rossmere-A, presents a solid, no-frills opportunity in the Winnipeg market. Its primary appeal lies in its value proposition and established neighborhood setting.

The home's living space is notably above average for the Rossmere-A community (ranking in the top 15%), offering more room than many nearby properties. However, its municipal tax assessment of $320,000 is below the average for its immediate street, suggesting it may be viewed as a more modest or dated property on Pinecrest Bay. This creates a dynamic where the house offers good internal space for the area but may come with a lower entry point due to condition or updates needed. The lot size is slightly below the street average but typical for the wider community.

This property would suit practical, value-conscious buyers such as first-time homeowners willing to take on a project, or investors looking for a rental property in a stable neighborhood. It’s less suited for those seeking a move-in-ready home or the largest lot on the block. A thoughtful perspective is that its "average" rankings across the city on key metrics indicate a property that doesn't carry a premium for location or size, focusing the investment decision squarely on the house itself and its potential.

Section 2: Frequently Asked Questions

1. Is the tax assessment a reliable indicator of market value?
Not directly. The assessment is for tax purposes and can lag behind market trends. Its lower assessment relative to the street could reflect its condition or specific features, but the final market price is determined by current buyer demand.

2. How does the 2019 sale price relate to today’s value?
The prior sale in the $250,000-$300,000 range is a historical data point. Given market changes and potential updates (or lack thereof) since then, it provides context but should not be used alone to determine current value.

3. What does "below average" for the street mean in practical terms?
For this property, it specifically means the tax assessment and lot size are lower than most direct neighbors. This could translate to lower property taxes but may also indicate the home or yard is more compact or requires more updating compared to others on Pinecrest Bay.

4. The data shows nearby homes with similar size but different assessments. Why?
Variations in assessment among similarly-sized homes are common and are influenced by factors like interior condition, renovations, additions, layout, and specific lot desirability (e.g., backing onto greenspace).

5. How can I get the exact historical sale price?
The page indicates that precise sale data is not publicly displayed due to industry restrictions. You must register on the site and request the information via email, after which it will be provided manually by the site operators.