Property Overview: 558 Wilton Bay, Grant Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the established Grant Park neighbourhood presents a practical opportunity. Built in 1956, it’s a notably newer construction compared to others on its street. With 936 sqft of living space and a renovated basement, it offers functional, single-level living. The lot is a comfortable 5,141 sqft, providing decent outdoor space in a central location.
The primary appeal lies in its value positioning within a desirable area. Its assessed value ranks above average for Grant Park, suggesting it is viewed favorably relative to neighbourhood norms, yet the home itself is modest in size. This creates an interesting proposition: you’re investing more in the location and land than in a large house. It would suit a first-time buyer, downsizer, or investor looking for a manageable, entry-level property in a prime area without the upkeep of a larger home. The recent basement renovation adds move-in readiness, while the property’s metrics indicate it’s a solid, middle-of-the-road option rather than a standout in size or luxury, making it a grounded choice.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the area?
At 936 sqft, the living area is below average for its specific street but is actually quite close to the average for similar homes across the wider Grant Park neighbourhood. This indicates a cozy, efficient footprint that is common for the area.
2. What does the assessed value tell me?
The assessed value of $40,600 is above average for Grant Park. This often reflects the desirability of the location and the property’s condition relative to its peers, not necessarily its square footage. It suggests the municipal assessment sees solid value here.
3. Is the lot size a pro or a con?
The lot is smaller than others on Wilton Bay but is slightly larger than the average lot for Grant Park. It offers a good balance—enough space for a garden or patio without excessive maintenance.
4. The home sold in March 2022. What was the price?
The sold price range for March 2022 is listed as $39.50k ~ $42.50k. For the exact sale price, you can request the information via email on the property page.
5. What are the less obvious considerations?
The data shows this 1956 home is newer than most on its block, which could mean fewer issues with very old infrastructure. However, as a one-storey home with a renovated basement, it’s essential to verify the quality and permits for the renovation and to consider the efficiency of the home’s layout for your needs, as the above-ground square footage is compact.