Property Overview: 26 Sweetwood Bay, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey bungalow at 26 Sweetwood Bay is a practical and affordable entry point into Winnipeg’s Garden City neighborhood. Built in 1961, its key feature is a renovated basement, adding valuable finished living space to the 1,295 sqft home. The property sits on a 6,048 sqft lot, which is notably spacious compared to many city-wide averages, offering good outdoor potential.
Its primary appeal lies in its value proposition. The home’s assessed value is below average for its immediate street but aligns more closely with broader area and city benchmarks, suggesting it may represent a competitively priced option in the community. It suits first-time homebuyers, downsizers looking for single-level living, or investors seeking a rental property with a modernized lower level. The lack of a garage or pool underscores its no-frills, functional nature, focusing the appeal on livable interior space and lot size rather than premium amenities. A thoughtful perspective is that while the home is smaller than others on its street, this can translate to lower utility costs and less maintenance, while still providing the benefits of the established neighborhood.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to the neighborhood?
At 1,295 sqft, the living area is below the average for homes on Sweetwood Bay itself but is very close to the average size for both the wider Garden City area and the city of Winnipeg as a whole.
2. What is the significance of the lot size?
The 6,048 sqft lot is a standout feature. It is larger than the typical Winnipeg lot, offering more private outdoor space than many properties, which is a valuable asset for gardening, recreation, or future expansion.
3. The assessed value seems low. What does this mean?
The assessed value of $33,800 is used for municipal tax purposes. It is important to note that a home’s selling price is determined by the market and can be higher or lower than its assessed value. This assessment does indicate, however, that the property is likely in a lower municipal tax bracket than larger homes on the same street.
4. Is the basement renovation reflected in the assessment?
While the listing confirms the basement is renovated, the assessed value ranking suggests the official municipal assessment may not fully capture this modern update, which could represent added value for a buyer that isn’t fully reflected in the tax bill.
5. Where can I find the exact historical sale price?
The provided sold price history shows a range. To obtain the precise sale price from May 2023, you can use the email request function on the listing page. The service promises a manual reply with the accurate figure, without using your email for unsolicited marketing.