56 Silver Springs Bay

Property Overview

This two-storey home at 56 Silver Springs Bay in Winnipeg's Eaglemere neighbourhood presents a compelling opportunity for buyers seeking space and established value. Built in 2000, it sits on a generous 7,519 sqft lot and offers 2,003 sqft of living area, which ranks in the top 8% of homes on its street. Its appeal lies in its above-average proportions across key metrics—living space, land size, and assessed value—within its immediate area, suggesting a property that stands out locally. The home features an attached garage and a renovated basement.

It would suit buyers looking for a move-in ready, spacious family home in a mature, well-regarded neighbourhood, particularly those who prioritize a larger lot and interior space over a brand-new build. The data indicates it’s a home that has historically held its value well against local comparables.

Key Considerations & FAQs

• What is the neighbourhood like? Eaglemere is an established Winnipeg neighbourhood. The property's metrics (like living area and land size) rank in the top 15% within Eaglemere, suggesting it is among the more substantial homes in this desirable area.
• How does its size compare? With over 2,000 sqft of living space, this home is significantly larger than the average Winnipeg home (~1,342 sqft) and the average on its own street (~1,597 sqft), offering ample room for a growing family.
• What does the assessed value tell us? The assessed value of $52.30k places it above average for the street, neighbourhood, and city. This can indicate a solid foundation of perceived value, but it's always wise to compare this figure with current market conditions and recent sale prices.
• Is the lot size a notable feature? Yes. The lot is over 7,500 sqft, which is notably larger than many nearby lots (averaging ~6,065 sqft on the street). This offers excellent outdoor space potential, a rarer find in established neighbourhoods.
• What might the sale history indicate? The home last sold in October 2017 for $46.50k. The increase in assessed value since then, coupled with the home's strong rankings, suggests it has been a sound investment. However, this history also means the upcoming sale will likely reflect nearly a decade of market changes.