Property Overview: 44 Rampart Bay, Maybank, Winnipeg
Key Characteristics & Appeal
This 888 sqft bungalow, built in 1954, presents a unique and efficient property profile. Its primary appeal lies in its value proposition and established neighbourhood setting. The home sits on a modest 1,873 sqft lot, which is significantly smaller than typical city and area lots, but this translates to minimal exterior maintenance—a notable advantage for those seeking a low-maintenance lifestyle without condo fees. The assessed value of $25,600 is notably above average for its immediate street, suggesting the property is well-regarded within its specific local context.
The home would suit first-time buyers, downsizers, or pragmatic investors looking for an affordable entry into a settled neighbourhood like Maybank. It’s a practical choice for those who prioritize location and a manageable footprint over expansive living and yard space. A thoughtful perspective is that this property represents a "land-efficient" model; its lower taxes and upkeep costs could free up budget for interior updates or savings, appealing to a financially strategic buyer.
Frequently Asked Questions
1. Is the low assessed value a concern?
No, it’s actually a key feature. The low municipal assessment, especially relative to the city average, typically results in proportionally lower property taxes, which is a recurring annual savings.
2. How much of a limitation is the small lot size?
It depends on your lifestyle. It severely limits gardening, expansion, or outdoor recreation space. However, it maximizes the property’s useable footprint with minimal yard work, which is a benefit for those not wanting to manage a large yard.
3. The home sold between $150k-$200k in 2023. Why is the assessed value so much lower?
Assessed value (for municipal tax purposes) and market value (what a buyer pays) are calculated differently. Market value reflects current buyer demand, while assessed value is an administrative valuation for taxation, often lagging behind market trends.
4. What does it mean that the year built is ranked "Elite" on the street?
This simply indicates it is one of the oldest homes on Rampart Bay. For a buyer, this signals a well-established streetscape but also means the building itself and major systems (like roof, plumbing, wiring) are likely original or aged, so a thorough inspection is crucial.
5. Are the nearby comparable homes with the same assessed value similar properties?
Not necessarily. The listed addresses with the same $25,600 assessment are for reference in tax valuation only. They may be in different neighbourhoods and be vastly different in style, size, or condition. Always evaluate the specific property, not just the assessment.