123 Culross Bay

Property Summary: 123 Culross Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 123 Culross Bay in the Meadows neighbourhood presents a practical and value-conscious opportunity. Built in 1981, its 1,158 sqft living space is squarely average for the immediate street and area, offering a comfortable size for everyday living without excessive upkeep. The property’s standout characteristic is its financial profile: its assessed value is notably below average for both the street and the broader Meadows area, suggesting a potentially lower property tax burden and an entry point into the neighbourhood. The lot, at 4,438 sqft, is compact compared to nearby properties, which translates to less yard maintenance—a plus for those seeking a simpler outdoor space.

The appeal here lies in its positioning as an efficient, no-frills home in an established community. It suits first-time buyers or downsizers looking for a manageable footprint and financial predictability. A thoughtful perspective is that a home with average square footage but below-average assessment can represent a smart allocation of costs, where you pay for livable space rather than a premium lot or inflated valuation. Its last sale in the 2022-2025 period within the $300k-$350k range indicates a relatively recent market transaction, providing a modern price benchmark.

Section 2: Frequently Asked Questions

1. What does "below average assessed value" practically mean for me?
It primarily suggests a likely lower annual property tax bill compared to many neighbours. The assessment is a key municipal input for calculating taxes, so a lower value here is generally advantageous.

2. Is the smaller lot size a significant drawback?
It depends on your lifestyle. While it offers less private outdoor space than many on the street, it significantly reduces maintenance time and cost. It’s a trade-off that appeals to those who prefer gardening in moderation or low-yard-work living.

3. How does the living area compare to a typical family home?
At just over 1,150 sqft, it is a moderately sized home. It’s very typical for the street and suitable for a small family, a couple, or an individual. It’s not a sprawling layout but is aligned with common designs from its era.

4. The home is 45 years old. What should I consider?
As with any home of this age, the condition of major systems (roof, windows, furnace) and potential updates (kitchen, bathrooms) should be a primary focus during viewing and inspection. Its age is typical for the area.

5. How can I find out the exact past sale price?
The provided sale price is a public data range. For the precise figure, you can use the email request service offered on the listing page. The service manually confirms the exact price from official records and provides it directly.