Property Overview: 72 Rampart Bay, Winnipeg
Key Characteristics & Appeal
This 1954-built home in Maybank offers a practical, no-frills footprint of 1,032 sqft on a 3,356 sqft lot. Its core appeal lies in its position as a solid, established property within its immediate locale. While its size and assessed value are below Winnipeg-wide averages, the home stands out on its own street (Rampart Bay), ranking in the top 7% for living area and as the newest build (top 2%) among its 60 closest neighbours. This suggests a well-kept, relatively spacious home for the specific block.
The property suits first-time buyers or practical downsizers looking for an entry into a stable neighbourhood without premium city-wide pricing. Its below-average city assessment could indicate a lower property tax burden, appealing to budget-conscious owners. The recent sale in the 2023-2025 period adds a layer of modern market relevance. It’s a home for someone who values street-level standing and character over competing with newer, larger suburban builds.
Frequently Asked Questions
1. Is this a good value compared to the rest of Winnipeg?
Based on the data, its assessed value is significantly below the Winnipeg average, which typically suggests a lower purchase price and property taxes. The value is more aligned with—or even above—the averages for its immediate street and neighbourhood.
2. What does it mean that it’s the "newest" build on the street?
Built in 1954, this home is the most recently constructed among the 60 properties on Rampart Bay. In an area of similar vintage homes, this can sometimes correlate with slightly updated infrastructure or materials, though a full inspection is necessary to confirm the condition.
3. How does the lot size impact potential?
At 3,356 sqft, the lot is smaller than most in Winnipeg but fairly typical for Maybank and its own street. It provides a manageable yard for maintenance but may limit possibilities for large additions.
4. Why is the assessed value different from the recent sale price?
The current assessed value is for municipal tax purposes and is often calculated using mass appraisal techniques. The sold price (CA$200k–250k) reflects the actual market value at the time of its last sale, which can be influenced by factors like interior condition, updates, and market demand.
5. Who would this property not suit?
Buyers seeking a large lot, modern open-concept layouts, or a home that ranks above average in size city-wide may find this property too compact. It’s best for those with realistic expectations for a classic, mid-century home in an established area.