Property Overview
This home at 27 Strewchuk Bay presents a compelling blend of space, value, and established neighborhood character. Built in 1989, it sits on a generous 7,345 sqft lot, offering ample outdoor space that is notably larger than many city-wide properties. With 1,909 sqft of living area, the home provides above-average interior space for its immediate area and the wider city. Its standout feature is its assessed value, which ranks in the top 7% on its street and top 6% in the Leila-Mcphillips Triangle, suggesting a strong valuation foundation relative to peers. Recent sale history indicates steady market interest.
The appeal lies in its balanced offering: it’s a spacious, late-80s home on a large lot without the premium price tag often associated with newer or fully renovated properties. It suits practical buyers looking for room to grow or customize, investors attracted by solid value metrics, and those who prefer established neighborhoods with mature landscaping over newer subdivisions. It’s particularly well-matched for someone who sees potential in a good structural base and values lot size as much as interior finishes.
Frequently Asked Questions
How does this home’s value compare to others nearby?
The home’s assessed value is notably high for the area, ranking in the top 6-7% among comparable local properties. This suggests municipal assessment sees it as a higher-value asset on its street and in the neighborhood, which can be a positive indicator for equity.
Is the lot size a significant feature?
Yes. At over 7,300 sqft, the lot is substantially larger than the Winnipeg average. This offers greater privacy, space for gardens, play areas, or future additions like a deck or shed, which is a growing priority for many buyers.
The home was built in 1989. What should I consider?
Homes from this era often have modern foundations (like poured concrete) and updated electrical standards compared to much older stock, but may be due for scheduled updates to original components like windows, roofing, or major appliances.
What do the recent sold prices indicate?
The sold price ranges show appreciation between 2021 and 2024, reflecting broader market trends. The price point has consistently placed the home above the average for the area, indicating sustained buyer demand for properties with these characteristics.
Why is the living area considered "around average" for the street?
While the home is spacious by city standards, Strewchuk Bay itself features many similarly sized homes. Its living area is very close to the street's average, meaning it offers the neighborhood norm for space rather than standing out as unusually large or small within its immediate context.