Property Overview: 127 Culross Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 127 Culross Bay is a practical, no-frills property in Winnipeg's Meadows neighbourhood. Built in 1981, its key characteristic is its compact and efficient scale. With 844 square feet of living space on a 4,438 sqft lot, it is notably smaller than most comparable homes in its immediate area and across the city. This translates to lower maintenance demands, both indoors and outdoors.
The appeal lies in its financial accessibility and straightforward footprint. The assessed value is consistently around the average for its street and area, suggesting a stable, entry-level point in the market. It last sold between $350k-$400k in 2022, which was below the city-wide average at that time. This is a home for buyers prioritizing function and affordability over size. It would suit first-time homeowners, downsizers looking to simplify, or investors seeking a manageable rental property. A less obvious perspective is that its smaller size and average valuation for the area could represent a lower-risk entry into homeownership, with property taxes likely to be more manageable than for larger homes on the street.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
This home is compact. At 844 sqft, its living area is smaller than over 90% of comparable homes on its street, in the Meadows area, and across Winnipeg.
2. What is the property’s assessed value, and how does it compare?
The assessed value is $37,400. This is very close to the average for Culross Bay and the Meadows neighbourhood, positioning it as a mid-range property for the local area in terms of municipal valuation.
3. When was it built, and what does that mean for maintenance?
The home was built in 1981. As a 45-year-old property, buyers should budget for potential updates to major aging components like the roof, windows, or heating system, which is typical for homes of this era.
4. How does the lot size compare?
The lot is 4,438 sqft, which is below the average for both Culross Bay and the Meadows area. This means a smaller yard to maintain, which could be a benefit for those seeking minimal outdoor upkeep.
5. What was its recent sale history?
The home sold between $350,000 and $400,000 in 2022. At that time, this sale price was below the city-wide average. The exact sale price is available upon request from the listing service.