Property Overview: 10 Bayfield Avenue, Winnipeg
Key Characteristics & Appeal
This single-storey home at 10 Bayfield Avenue in the Lavalee neighbourhood presents a specific and compelling value proposition. Built in 1957, its key appeal lies in its efficient use of space and its position within its immediate community. With 1,132 square feet of living area, the home is notably above average for its street and local area, offering more interior space than most direct neighbours. This makes it a practical and relatively spacious option within its micro-market.
The home’s assessed value is below average across all comparison levels—street, neighbourhood, and city. This combination of above-average interior space for the area with a below-average valuation can signal a potential value opportunity for buyers comfortable with a home of this vintage. It suits first-time buyers, downsizers, or value-focused investors looking for a functional layout in an established neighbourhood without a premium price tag. The lot is modest for the street but typical for the city, suggesting a manageable outdoor space. The property’s true appeal is its positioning: it offers more house for the money within its immediate circle, ideal for someone prioritizing interior square footage and a lower entry point in a mature area.
Frequently Asked Questions
1. Why is the assessed value notably below average?
While the exact reasons aren't specified, a below-average assessment for a home with above-average living space on its street often relates to the property's age, condition, or specific market factors in its immediate area. It’s a key point to investigate further through a viewing and potential inspection.
2. What does the home’s ranking for "Year Built" mean?
The home, built in 1957, is older than most on its specific street (ranking in the top 22%, meaning it's one of the newer homes there). This indicates Bayfield Avenue is an established street with older housing stock. City-wide, its age is around the median.
3. Who would this property be most suitable for?
It’s well-suited for practical buyers who value space over newness. First-time buyers can get more interior room here than in many comparable listings. Downsizers may appreciate the single-storey layout and manageable lot. The value metrics also attract investors looking for a rental property with a functional footprint.
4. How reliable are the sold price ranges shown?
The ranges are based on public data. For the exact historical sold price, you must request it directly via the provided email service. This step is necessary for precise financial planning and offer preparation.
5. Are there any obvious concerns based on this data?
The data flags two points for closer inquiry: the consistently below-average assessment across all tiers and the below-average land size for the street. This doesn’t indicate a problem, but suggests a buyer should pay special attention to lot boundaries, potential for expansion, and the overall condition during a viewing to understand the full context of the valuation.