Property Overview: 22 Rizzuto Bay, Mission Gardens
Key Characteristics & Appeal
This home at 22 Rizzuto Bay presents a compelling mix of space, value, and established neighbourhood character. Its primary appeal lies in its generous living area of 1,446 sqft, which ranks in the top 5% for size on its own street and well above average for the Mission Gardens area. This suggests a home that offers more interior room than many of its immediate peers, ideal for growing families or those who value spaciousness.
Built in 1976, the property is a mature home in a well-established community. While its age is above the street average, this often correlates with larger lot sizes and mature landscaping, as seen with its 5,668 sqft property. The assessed value is solidly above average for the street, indicating it is perceived as a premium property within its micro-location. The last recorded sale was between $350k-$400k in 2022.
This home would best suit a buyer looking for established neighbourhood charm with above-average interior space, who is comfortable with a home of this vintage and may see potential in personalized updates. It’s a strong option for those prioritizing square footage and lot size within a specific community over a newer build.
Frequently Asked Questions
1. How does the home’s age impact its value and condition?
Constructed in 1976, the home is older than most on its street. This means potential buyers should budget for updates consistent with a house of this era, but it also often comes with the benefits of a larger lot and established trees that newer subdivisions lack.
2. Is the assessed value a reliable indicator of the selling price?
The assessed value ($36.90k) is for municipal tax purposes and is not a market valuation. The 2022 sale price range of $350k-$400k is a more relevant, though not current, indicator of its market value. Always rely on a professional appraisal and recent comparable sales for pricing.
3. What does it mean that the living area is in the "top 5%" for the street?
This statistical ranking means that 95% of the 38 comparable homes on Rizzuto Bay have a smaller living area. It highlights this property’s standout feature: it offers significantly more interior space than almost all its direct neighbours.
4. How does this property compare to the wider Winnipeg market?
City-wide, this home’s living area and land size are around the average, while its assessed value is also near the median. This indicates you are paying primarily for the specific location and the above-average characteristics it holds within the desirable Mission Gardens area, rather than for exceptional city-wide metrics.
5. Can I get the exact historical sale price?
The provided sale price is a range based on public data. The listing service offers to provide the exact sale price via a manual email request, which they aim to fulfill by the end of the same business day without using your email for marketing.