Property Overview: 48 George Lawrence Bay, Winnipeg
Key Characteristics & Appeal
This home stands out for its generous living space and strong value proposition within the Mission Gardens neighbourhood. Built in 2005, it offers modern construction while being established. The 1,588 sqft interior is notably larger than most comparable homes on its street, in the area, and across Winnipeg, placing it in the top 6-12% for space. This is complemented by a balanced, average-sized lot of just over 5,000 sqft.
The primary appeal lies in its standout assessed value, which ranks in the elite top 3% for the Mission Gardens area. This suggests a history of above-average valuation relative to neighbours, often a marker of good condition, desirable features, or a premium location within the locale. A sale in the 2021-2022 period indicates a stable and active market for the property.
This home would suit buyers looking for a move-in-ready, spacious family home in a mature neighbourhood without the concerns of an older build. It’s ideal for those who prioritize interior square footage over an exceptionally large yard and who appreciate a property that holds a strong, documented position in its local market.
Frequently Asked Questions
How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is not a direct market appraisal. However, its "elite" ranking in the area indicates the property has consistently been valued higher than most neighbours, which can be a positive signal to the market. The last known sold price range (2021) provides a more recent benchmark.
Is a 2005-built home considered modern?
Yes, in the context of Winnipeg's housing stock, where the city-wide average build year is 1966. A 2005 build means major systems like wiring, plumbing, and the roof are relatively contemporary, potentially reducing near-term repair costs compared to much older homes.
What does the "top percentile" ranking actually tell me?
It provides context beyond raw numbers. For example, the living area isn't just 1,588 sqft—it's that this size outperforms 94% of similar homes on its street. This helps you understand how the property compares in its immediate and wider community.
The lot size is listed as "around average." Is that a drawback?
Not necessarily. It indicates the property is typical for the area, which often means a balanced, manageable yard consistent with the neighbourhood's character. The trade-off is that the significant living space wasn't achieved by sacrificing a disproportionate amount of land.
Why is the exact past sold price only available by email?
Sold price data is not always publicly disclosed in Manitoba. The service offers to provide verified data manually upon request, ensuring the information is accurate while complying with data-sharing practices. It is a common practice for local listing platforms.