136 Silver Springs Bay

Property Overview: 136 Silver Springs Bay, Eaglemere, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home, built in 1998, presents a practical and low-maintenance living option in the established Eaglemere neighbourhood. Its key characteristic is a recently renovated basement, adding valuable finished space to the 1,367 sqft footprint. The home features an attached garage and sits on a 4,552 sqft lot.

The appeal lies in its balance of modern updates within a solid, late-90s build. The renovated basement immediately adds functional living area without the need for a major project. While the living space and lot size are modest compared to some immediate neighbours, this translates to less upkeep. The home’s assessed value positions it strongly city-wide, suggesting good value relative to the broader Winnipeg market.

This property would suit first-time buyers or downsizers seeking a manageable, single-level layout with move-in-ready condition. It’s also a sensible fit for pragmatic buyers who prioritize updated essentials over square footage, preferring a home that offers modern livability without the premium for a larger lot or a brand-new build.

Section 2: Frequently Asked Questions

1. How does the lot size compare?
The lot is 4,552 sqft, which is notably smaller than the average for both Silver Springs Bay and the Eaglemere area. This means less yard maintenance but also more limited private outdoor space compared to many nearby homes.

2. Is the assessed value a reliable indicator for the sale price?
The home last sold in October 2023 for $51,600, which was above its current assessed value of $45,200. This recent sale provides a concrete, up-to-date benchmark that is often more relevant than the assessment for determining market value.

3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the quality of the renovation, what it includes (e.g., legal egress, plumbing for a bathroom), and whether permits were obtained.

4. How does the home rank for its age?
Built in 1998, the home is newer than 82% of all homes city-wide, placing it in the top 18%. On its own street and in Eaglemere, it’s around the average age. This suggests major components like the roof, windows, and HVAC are likely within or approaching a typical replacement window.

5. Who might this home not suit?
Buyers seeking extensive yard space, above-average square footage for the immediate area, or a brand-new property may find it limiting. Its appeal is geared toward those valuing efficiency, updates, and a manageable scale over maximum size.