Property Overview
This one-storey home at 120 Silver Springs Bay in Winnipeg's Eaglemere neighbourhood presents a practical and comfortable living option. Built in 2001, it is notably newer than many city-wide comparables. The home offers 1,493 sqft of living space with an attached garage and a full, unrenovated basement, situated on a standard-sized lot of just over 5,700 sqft.
Its primary appeal lies in its solid, middle-of-the-road metrics within its immediate area, suggesting a stable and established setting without extreme premiums. The assessed value positions it well against the broader city market. This property would suit first-time buyers or downsizers seeking a manageable, single-level layout in a mature neighbourhood, or an investor looking for a straightforward rental property with modern building fundamentals. The unrenovated basement represents clear potential for future customization or added value.
Frequently Asked Questions
How does this home compare in size to others nearby?
At 1,493 sqft, the living area is very close to the average for both Eaglemere and the city overall. On its own street, it ranks slightly above the midpoint, meaning it's neither particularly large nor small for the area.
Is the assessed value a good indicator of the likely sale price?
The assessed value is a municipal tax valuation, not a market appraisal. It can be a useful benchmark, but sale prices are determined by current market conditions. Notably, this home's assessed value ranks higher city-wide than within its own neighbourhood, which may indicate relative value compared to older homes elsewhere in Winnipeg.
What does "above average" for the year built mean?
Built in 2001, the home is newer than about 83% of all comparable homes across Winnipeg. In Eaglemere specifically, it's close to the neighbourhood average age. This suggests more modern construction standards than a typical city home, but is fairly typical for this part of Eaglemere.
What are the implications of an unrenovated basement?
This indicates the lower level is functional but may require updating. It presents a blank canvas for finishing to suit a new owner's needs, but should be factored into renovation budgets and timelines. A professional inspection is recommended to assess its current condition and potential.
How stable is this area based on the data provided?
The home's metrics for size, lot, and value consistently fall in the 30th to 50th percentile range within Eaglemere and on its street. This consistency suggests a stable, established area without wild fluctuations in property profiles, which can be appealing for long-term predictability.