Property Overview
51 Loyola Bay is a well-maintained, one-storey home in Winnipeg's Fort Richmond neighbourhood. Built in 1969, it offers 1,002 sqft of living space on a spacious 6,446 sqft lot. The home features a renovated basement and does not include a garage or pool. Its assessed value is $37,800.
Key Characteristics & Appeal
This home presents a compelling opportunity for first-time buyers, downsizers, or practical investors seeking value and space in a mature neighbourhood. Its primary appeal lies in its balance: it offers above-average living space for its immediate street while being situated on a lot size that ranks well above average city-wide. The renovated basement adds functional living area without the need for immediate work.
The property suits buyers with a realistic budget who prioritize indoor and outdoor space over newer construction or premium finishes. It’s a home that offers a solid foundation in a quiet, established area. A less obvious perspective is its potential for long-term stability; its assessed value is around average for its street and city, suggesting it’s not overvalued relative to its peers, which can be a prudent starting point.
Frequently Asked Questions
1. How does the property’s size compare to others?
At 1,002 sqft, the living area is above average for homes on Loyola Bay but below the average for the broader Fort Richmond area. The lot size of 6,446 sqft is notably larger than the Winnipeg city average.
2. What is the significance of the assessed value?
The assessed value of $37,800 is used for calculating property taxes. It is around average compared to similar homes on its street and across Winnipeg, indicating it is not an outlier in terms of municipal valuation.
3. What does the sale history indicate?
The home sold in April 2021 for an estimated range of $31,500 to $34,500. This historical data provides a benchmark for its market price trajectory prior to the current listing.
4. Who would this home be best suited for?
It is an ideal fit for first-time homeowners comfortable with a character home from the 1960s, or for downsizers looking for a manageable single-level layout with a generous yard and a recently updated basement.
5. Are there any notable features or omissions?
The key features are the renovated basement and the large lot. The home does not have a garage or a pool. Buyers should plan for alternative parking and storage solutions.