55 Oakridge Bay

Property Overview: 55 Oakridge Bay, Winnipeg

Key Characteristics & Appeal

This home at 55 Oakridge Bay in Minnetonka presents a compelling case for buyers seeking space and value. Built in 1972, its standout feature is the generous 10,105 sqft lot, which ranks in the top 10% on its street and the top 6% city-wide. This offers significant outdoor potential, from gardening to expansion, in a city where such large parcels are becoming rarer. The 1,040 sqft living area is efficiently sized, ranking above average for the immediate street but below the broader neighbourhood average, suggesting a home that prioritizes yard over interior square footage.

The appeal lies in its established, quiet location on Oakridge Bay and its strong value proposition. The assessed value is notably above average for the street, yet the home last sold in the $400k-$450k range in 2022, positioning it as a potentially more accessible entry into a stable area. It suits first-time buyers or downsizers who value a large, private outdoor space more than a sprawling floor plan, and investors or renovators who see potential in the substantial lot. A thoughtful perspective is that this property offers a "land bank" opportunity in a mature neighbourhood, where the value of the lot itself is a primary and enduring asset.

Frequently Asked Questions

1. How does the home’s size compare to others?
The 1,040 sqft living area is slightly above the average for Oakridge Bay itself, but below the average for the wider Minnetonka area. This indicates a cozy, efficient interior footprint on a street of similarly scaled homes.

2. What does the "Elite" ranking for Year Built mean?
Built in 1972, it ranks in the top 3% (1st of 29) on its street. This doesn’t mean it’s newer, but that it is one of the newest homes on a street where most houses were built in or before 1972, which could imply slightly newer systems or design.

3. Is the lot size unusual?
Yes. At over 10,000 sqft, the lot is significantly larger than averages for the street, neighbourhood, and city. It’s a defining feature, offering more privacy and space than most properties in Winnipeg.

4. Why is the city-wide assessed value average so high ($390k) compared to this home’s?
The city-wide average includes all property types and values across Winnipeg. The more relevant comparisons are the local ones: its assessment is above average for its specific street and around average for Minnetonka.

5. How can I find the exact past sale price?
The provided sold price is a public data range. The exact sale price from 2022 is available by request directly from the listing service, as noted in the details.