3 Moorstead Bay

Property Overview: 3 Moorstead Bay, Winnipeg

Key Characteristics & Appeal

This is a spacious, two-storey family home built in 1984, situated on a large, 6,672 sqft lot in the Betsworth neighbourhood. Its key feature is its generous 2,073 sqft of living space, which ranks within the top 11% of homes in its community and the top 8% across Winnipeg, offering ample room for a growing household. The home includes a finished basement and an attached garage.

Its primary appeal lies in offering above-average space and a sizable yard in a mature, established area. The property presents a solid value proposition, with an assessed value that is competitive for its offering. It would suit practical buyers—particularly families or those needing extra room—who prioritize interior space and lot size over a newer build. A thoughtful perspective is that while the home is 42 years old, its rankings show it outperforms many peers in size and value, suggesting it was a well-built or well-maintained example from its era. It’s a home for those comfortable with the character and potential updating needs of an older property, in exchange for more square footage than is typical in many newer subdivisions.

Frequently Asked Questions

1. What does the "ranking" data mean?
The rankings compare this home against others on its street, in Betsworth, and across all of Winnipeg for specific metrics like lot size, age, living area, and assessed value. For example, ranking in the "top 8%" for living area means 92% of Winnipeg homes are smaller, highlighting this property's standout spaciousness.

2. Is the basement included in the 2,073 sqft living area?
Typically, living area (or above-grade square footage) refers to finished space above ground level. The 2,073 sqft likely represents the main and upper floors. The separately mentioned "finished basement" adds additional usable space.

3. What are the implications of the home's age (1984)?
A home from this era may have original components, like windows, roof, or major systems, that are nearing or past their typical lifespan. This should be factored into inspection and budgeting. Conversely, homes from this period often feature room layouts and construction methods that are appreciated for their durability and space.

4. How should I interpret the assessed value?
The municipal assessed value of $524,000 is for tax purposes and provides a benchmark. It is not a market price but reflects the city's valuation based on property data. The actual sale price is determined by current market conditions.

5. The lot ranks highly, but the home's age ranking is lower. What's the takeaway?
This indicates you are purchasing a very sizable parcel of land—a valuable and finite asset—with a home that, while spacious, is older than many in the broader area. The appeal balances the potential of the land with the utility of the existing structure.