Property Overview: 86 Rampart Bay, Winnipeg
Key Characteristics & Appeal
This 888 sqft bungalow in Maybank, built in 1954, presents a unique profile defined by its context. Its primary appeal lies in its value positioning and established neighbourhood character. While the living space is modest and the lot size is smaller than most in the city, the home holds a strong assessed value relative to its immediate street—ranking in the top 30% on Rampart Bay. This suggests it is a well-regarded property on its block. Its age is a standout feature locally, as it is one of the oldest homes on the street, potentially offering classic charm and mature landscaping.
The property would suit a first-time buyer, downsizer, or value-focused investor looking for an entry into a stable neighbourhood without a premium price tag. It’s for someone who prioritizes location and lot potential over square footage, as the smaller land area (1,880 sqft) implies lower maintenance. A thoughtful buyer might see the older vintage and smaller scale as an opportunity for efficient updates or a cozy, manageable home without the excess of larger, modern lots.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home is assessed at $25,200. For context, a very similar nearby home at 88 Rampart Bay (1,032 sqft, also built 1954) is assessed at $25,600 and last sold between $150,000 and $200,000 in 2019. The assessed value is a municipal calculation for tax purposes and is typically lower than market value.
2. What does the "smaller lot size" actually mean for me?
At 1,880 sqft, the lot is below average for both the street and the city. This means lower yard maintenance, but also limited space for expansions like a large addition or detached garage. It promotes a low-maintenance, efficient use of outdoor space.
3. The home is noted as one of the oldest on the street. What should I consider?
Built in 1954, it ranks in the top 2% for age on Rampart Bay (meaning it's among the oldest). This can mean character and mature trees, but a thorough inspection of foundational elements, wiring, plumbing, and insulation is essential to understand any needed updates.
4. The living area is below average. Is the floor plan efficient?
At 888 sqft, it's compact. Reviewing the actual floor plan (not provided in this data) is crucial to see if the space is well-organized. For some, this smaller size is a feature, offering lower utility costs and less to clean.
5. How can I get the exact historical sale price?
The displayed sale price is a public data range. You can request the exact sale price history by emailing the listing service via the "Get exact sold price history" button. They provide this detail manually and state they do not use emails for unsolicited marketing.