Property Overview: 103 Silver Springs Bay, Eaglemere
Key Characteristics & Appeal
This is a well-positioned, single-storey home in Winnipeg's Eaglemere neighbourhood. Built in 1998, it offers 1,484 sqft of living space with a renovated basement and an attached garage, situated on a 4,938 sqft lot. The home’s primary appeal lies in its solid, middle-of-the-road metrics that indicate stability and value. It consistently ranks around the average for its immediate street and neighbourhood in terms of size, lot, value, and age, meaning it fits seamlessly into the area without standing out for extremes. Notably, when viewed city-wide, its assessed value and newer build year place it above average, suggesting a good relative position in the broader market.
The renovated basement adds functional living space, a key update for a home of this age. It would suit practical buyers looking for a move-in ready property in a settled community—perhaps downsizers seeking single-level living, or young families wanting a sound, no-surprises home in a neighbourhood of comparable properties. Its appeal is one of reliable adequacy rather than luxury, offering a sensible footprint with one major update already completed.
Frequently Asked Questions
1. How does this home compare to others on the street?
It is very typical for Silver Springs Bay. It ranks near the middle of the 50 comparable homes on the street for living area, assessed value, year built, and land size.
2. Is the assessed value likely accurate?
The assessed value of $46.5k is near the average for both the street and Eaglemere. The fact that it sold for $460k in June 2021 provides a concrete, recent market price for reference.
3. What does "above average city-wide" for the build year mean?
While the home is average for its neighbourhood, it is newer than most homes across Winnipeg. This suggests potentially fewer major age-related maintenance issues compared to the typical city home.
4. Who might this property not suit?
Buyers seeking a very large lot, a brand-new build, or a home that significantly outperforms its neighbours on paper might find it too average. The lot size is smaller than many in Eaglemere.
5. What is the immediate neighbourhood like?
The listing shows several nearby properties on the same bay and Eaglemere Drive, indicating a closely built, established residential area with a mix of similar-aged homes.