Property Overview
155 Trudell Bay presents a distinct value proposition in Winnipeg’s Mission Gardens neighbourhood. Its key characteristic is a significant imbalance between the size of the home and the size of the lot. The 881 sqft bungalow is notably compact, ranking in the bottom 15% for living area city-wide and among the smallest on its own street. However, it sits on an expansive 8,490 sqft lot, which places it in the top 10% for land size across Winnipeg and is particularly large for the area. Built in 1994, the home is newer than many in the city. Its assessed value is modest and sits around the city-wide average.
The appeal here lies squarely in the land and potential. This property suits a specific type of buyer: those looking for a starter home or downsizing option who are comfortable with a smaller, efficient footprint, but who value generous outdoor space for gardening, recreation, or future expansion. It also appeals to investors or builders who see the underlying value in the lot itself. A less obvious perspective is that the below-average home size coupled with an above-average lot can mean relatively lower property taxes and maintenance costs for the interior, while offering a rare amount of private outdoor space for the neighbourhood.
Frequently Asked Questions
1. Is the sold price range provided accurate?
The listed range of CA$350k–400k for the 2024 sale is based on available public data. For the precise sale price, you can request it via email from the site; they provide this verified figure manually without using your email for marketing.
2. How does the home’s smaller size impact daily living?
With 881 sqft, the floor plan is compact. It would suit individuals, couples, or small families comfortable with efficient living. The trade-off is the exceptionally large yard, which effectively extends your living space outdoors for much of the year.
3. What does the lot size actually offer?
At nearly 8,500 sqft, the lot is a standout feature. It provides ample room for large gardens, play areas, patios, or storage sheds. For the right buyer, it also presents the long-term potential for additions or redevelopment, subject to local zoning.
4. How does the assessed value compare to the recent sale price?
The assessed value is $39,500, which is for municipal tax purposes and is typically lower than market value. The 2024 sale in the $350k–400k range reflects the current market valuation, which significantly incorporates the value of the large lot.
5. Is the house in good condition given its age?
Built in 1994, the home is 32 years old. This is newer than the Winnipeg average, suggesting major components like the roof, windows, and foundation may be from a more modern era than many older homes. However, a thorough inspection is always recommended to understand the specific condition of all systems.