Property Overview: 74 Bayview Drive, Winnipeg
Key Characteristics & Appeal
This bi-level home at 74 Bayview Drive is a standout property within its immediate Kildare-Redonda neighborhood. Its primary appeal lies in its strong value proposition and desirable updates. With a recently renovated basement and a detached garage, the home offers modern functionality. The data reveals its true strength: while its 1,040 sqft living area is comfortably above average for the street and area, its assessed value ranks in the top 10% on the street and an elite top 4% in the neighborhood. This suggests the property is recognized for its condition, updates, or other intrinsic qualities beyond raw square footage, potentially offering more value per dollar than surrounding homes.
The property would suit practical buyers looking for a move-in-ready home in a stable area without paying a premium for excessive size. It’s ideal for first-time homeowners, small families, or downsizers who prioritize smart updates and a strong neighborhood standing over a massive footprint. The lot size is slightly smaller than others on the street, which may appeal to those seeking lower maintenance. A thoughtful perspective is that this home represents a "value anchor" on its block—a renovated, well-assessed property that can positively influence the perception and worth of nearby homes.
Frequently Asked Questions
1. What does the high assessed value ranking mean?
Ranking in the top 4% in the neighborhood for assessed value indicates that municipal assessment views this property very favorably compared to its peers. This often reflects recent renovations, superior condition, or desirable features, and can be a positive indicator of underlying value, though market price is determined by buyers.
2. How does the living space compare to nearby homes?
At 1,040 sqft, the living area is larger than the average home on Bayview Drive (~982 sqft) and in Kildare-Redonda (~966 sqft). It offers ample space for its likely target market, making efficient use of its bi-level design.
3. Has the basement renovation been permitted?
The listing notes a renovated basement, but it does not specify if the work was permitted. A prospective buyer should verify this with the seller and, if necessary, the city to ensure all renovations meet local building codes.
4. What is the typical price history for this home?
The last recorded sale was in September 2016, with a public price range of $26.5k to $29.5k. The exact sold price is available upon request. This historical data provides a baseline, but the current market value will be influenced by the renovations and market conditions since that time.
5. Is the smaller lot size a significant drawback?
The lot is 4,999 sqft, which is slightly below the street average. For some, this means less yard maintenance. For others, it might mean less private outdoor space. It’s a trade-off that contributes to the home’s character and should be evaluated against your personal needs for outdoor living and privacy.