Property Overview: 42 Granby Bay, Winnipeg
Key Characteristics & Appeal
This 1,120 sqft bungalow, built in 1975 on a 5,197 sqft lot in Meadowood, presents a compelling value proposition rooted in its strong positional metrics. Its primary appeal lies in its standout assessed value relative to its immediate surroundings. The home holds an "Elite" top 3% ranking for assessed value on its own street and an "above average" ranking within the broader Meadowood area, suggesting it is a high-value asset in its local context. The living space is also notably above average for the street.
This creates an interesting dynamic: you're acquiring a property that is statistically a leading investment on its block, yet housed in a typical, well-established neighbourhood home from the 1970s. It would suit a pragmatic buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize—who values solid fundamentals and potential equity over a modern or renovated finish. The data suggests an opportunity to own a top-tier property on the block without the premium price of a newer subdivision, ideal for someone comfortable with a home of this vintage and seeing potential in its underlying value.
Frequently Asked Questions
1. What does the "Elite" assessed value ranking actually mean?
It means that of the 39 comparable homes on Granby Bay, this property has the highest municipal assessed value. This often indicates the city assesses it as having superior characteristics (like size, condition, or improvements) compared to its direct neighbours, which can be a positive factor for long-term value.
2. Is the living area spacious for the neighbourhood?
Yes. The home's living area ranks in the top 8% on its street, meaning it is larger than 92% of its immediate neighbours. It offers more interior space than the typical home on Granby Bay.
3. How does the sold price history work?
The listed sold price (CA$300k–350k in 2016) is a range based on public data. To receive the exact historical sale price, you can request it via email. The service is manual, with a promise of a reply by the end of the same day and no unsolicited marketing.
4. The home was built in 1975. What should I consider?
A home of this age will likely have had major components like the roof, windows, furnace, and electrical updated over time. A key part of your due diligence should be to verify the age and condition of these systems, as they represent expected maintenance costs.
5. How does the lot size compare?
At just over 5,000 sqft, the lot is roughly average for the street and the Meadowood area. It provides a standard suburban yard space but is not an unusually large parcel.