Property Overview & Key Characteristics
45 Silverwood Bay is a compact, one-storey home built in 1957, offering a straightforward living space of 1,040 sqft on a 5,580 sqft lot in Winnipeg's Jameswood neighbourhood. Its primary appeal lies in its position as an accessible, no-frills entry point into the market. The home's assessed value is notably below average for its immediate street and area, which can signal an opportunity for a value-conscious buyer or an investor. It suits a first-time homebuyer comfortable with a home that may require updates, or an investor looking for a rental property with a lower entry cost. A less obvious perspective is that its 1957 build date is among the oldest on the street, which could mean it retains more original character but also suggests that major systems may need attention or modernization.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is a municipal valuation for tax purposes, not market value. This particular assessment is below average for the street and area, which often reflects the home's specific condition, size, and features compared to nearby properties.
2. What does the living area ranking tell me about the home?
With 1,040 sqft, the living space is very close to the average for both Jameswood and the city overall. This indicates the home provides a typical amount of interior space for the area, neither unusually small nor large.
3. Is the older build year a concern?
Built in 1957, the home is among the older on its street. This isn't inherently negative but does mean a thorough inspection is crucial to understand the condition of the roof, foundation, plumbing, and electrical systems, which may be original or nearing the end of their lifespan.
4. How does the lot size compare?
At 5,580 sqft, the lot is slightly below average for Silverwood Bay but typical for Jameswood. It provides a standard suburban yard space—adequate for gardening and recreation, but not exceptionally large.
5. Where can I find the exact historical sale prices?
The listed sale price ranges are estimates from public data. The exact sale prices are provided manually by the listing service upon request via email, a process they state is free of marketing spam.