Property Overview: 71 Gretna Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This 988 sqft bungalow, built in 1974, presents a practical opportunity in the Meadowood neighbourhood. Its primary appeal lies in its strong value proposition within its immediate area. While the living space is modest compared to the city-wide average, the home holds an above-average assessed value for its street and neighbourhood, suggesting it is well-maintained or has desirable features relative to its peers. The lot size, though smaller than others on Gretna Bay, is typical for Meadowood.
This property would suit first-time buyers or downsizers looking for an affordable, single-level home in a stable, established community. It’s a sensible choice for those prioritizing location and value over sheer size, and who are comfortable with a home that may require updates consistent with its era. A thoughtful perspective is that its stronger standing on local metrics (like assessed value) versus city-wide ones indicates a solid, community-anchored investment rather than a standout city property, appealing to buyers seeking a sensible entry into the market.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 988 sqft, the living area is very close to the average for Gretna Bay (1,006 sqft) and slightly below the Meadowood average. It offers a manageable footprint for a smaller household.
2. What does the assessed value ranking indicate?
The home is in the top 28% of assessed values on its street and in Meadowood. This typically suggests the property is in good condition or has attributes that the city assessor views favorably compared to neighbouring homes.
3. Is the lot size a disadvantage?
The lot of 5,191 sqft is smaller than most on Gretna Bay but is generally in line with the neighbourhood average. It provides a decent outdoor space without the maintenance demands of a larger yard.
4. The home was last sold between 2022-2025. What was the price?
The public data shows a sale in the range of CA$450,000-$500,000. For the exact sale price, you can request the information via email on the property page.
5. What might a buyer expect regarding updates or maintenance?
Built in 1974, major systems like the roof, windows, plumbing, or electrical may be original or have been updated at various times. A pre-purchase inspection is highly recommended to understand the condition and potential future investments needed.