Property Overview: 15 Bailley Avenue, Winnipeg
Key Characteristics & Appeal
This home at 15 Bailley Avenue in Minnetonka presents a practical and straightforward opportunity. Built in 2001, it is a notably newer construction compared to many homes in the wider Winnipeg area, which may appeal to buyers seeking a property with more modern building standards and potentially fewer major maintenance concerns in the near term.
With 1,070 sqft of living space and a 5,207 sqft lot, the property sits within the average range for its immediate street but offers a more compact footprint compared to others in the Minnetonka area. This positions it as an efficient, manageable home. Its assessed value is modest relative to the city-wide average, suggesting a potentially accessible entry point into the market.
The appeal lies in its balance of a newer build with a lower financial threshold. It would suit first-time buyers, downsizers looking for a low-maintenance property, or investors seeking a relatively modern rental property. A thoughtful perspective is that while the lot is smaller than the neighbourhood average, it requires less upkeep, freeing up time and resources. The home’s newer age also means it likely meets more recent energy and safety codes, an often-overlooked cost-saving and comfort factor.
Frequently Asked Questions
1. How does the property’s size compare to the neighbourhood?
The living area is quite typical for Bailley Avenue itself but is somewhat more compact than the average home in the broader Minnetonka area. The lot size is also smaller than most in the neighbourhood, resulting in a lower-maintenance yard.
2. Why is the assessed value significantly lower than the city-wide average?
Assessed values are for municipal tax purposes and are influenced by many factors, including home size, age, and location. This property’s modest square footage and its specific market area contribute to its lower assessment compared to the Winnipeg average.
3. What does the sold price history indicate?
The home sold in 2020 for an estimated $350k–$400k and again in 2022 for $400k–$450k. This indicates appreciable value growth over that two-year period. For the exact sale prices, you can request the information via email from SaveOnHouse.
4. What are the advantages of a home built in 2001?
A 25-year-old home is relatively new compared to Winnipeg’s older housing stock. Buyers can often expect newer major systems (like plumbing, electrical, and HVAC), better insulation, and designs that reflect more recent layouts and building codes.
5. Where can I see how this property compares to its direct neighbours?
You can use the provided “Open neighbourhood map analysis” link to view an interactive map. This tool allows you to visually compare this home to nearby properties based on year built, living area, assessed value, and lot size.