Property Overview: 102 Bright Oaks Bay, Minnetonka, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 102 Bright Oaks Bay is a well-established property built in 1971, situated on a generous 7,152 sqft lot. With 1,032 sqft of living space, it presents as a comfortable, single-level dwelling. The data reveals a compelling story: while the home's interior size is modest compared to broader area averages, its assessed value consistently ranks in the top quartile against immediate neighbours, the wider Minnetonka area, and even city-wide. This suggests the value is anchored significantly in its desirable location on Bright Oaks Bay and its sizable lot, rather than sheer square footage.
The primary appeal lies in its positional strength. It offers the stability and maturity of a 55-year-old neighbourhood with above-average land ownership for the city. It would suit a buyer who prioritizes lot size and location over a large interior, such as a downsizer seeking a manageable home with outdoor space, or a value-conscious purchaser looking for a foothold in a established area where the land itself is a key asset. It’s less suited for those seeking a modern, expansive floor plan without renovation work.
Section 2: Frequently Asked Questions
1. How does the home’s assessed value compare to recent sale prices?
The home sold twice in recent years (2021 and 2023), with recorded price ranges between CA$500k–550k. Its current assessed value is notably lower at $49,500. It’s important to understand that municipal assessed value for tax purposes is not a market appraisal and often lags behind actual sale prices, which are determined by current market conditions.
2. Is the living area considered small?
At 1,032 sqft, the living area is slightly below the average for its immediate street and is more compact compared to the broader Minnetonka and city averages. This indicates a cozy, efficient layout rather than a sprawling one.
3. What does the "rank" data for the lot size mean?
The lot size of 7,152 sqft ranks in the top 26% on its own street and the top 16% city-wide. This means you own more land than the majority of Winnipeg homeowners, which is a significant and less replaceable feature than interior space.
4. The home was built in 1971. What should I consider?
As a home from the early 1970s, prospective buyers should budget for potential updates to major aging components like the roof, windows, plumbing, or electrical systems. A thorough home inspection is essential.
5. How can I find out the exact historical sale prices?
The provided sale prices are broad ranges from public data. The listing service offers to provide the exact sale prices via a manual email request, promising a reply by the end of the same day without using your email for unsolicited marketing.