Property Overview: 55 George Lawrence Bay, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its modern build year within a well-established neighbourhood. Built in 2006, it is the newest home on its street and is newer than the vast majority of homes in both Mission Gardens and Winnipeg overall. This is its standout feature, suggesting potentially lower immediate maintenance costs and more contemporary building standards.
The appeal lies in this balance of a relatively new structure on a standard city lot, but with a pragmatic footprint. At 916 sqft, the living area is compact, ranking below average for its immediate area. This positions the property as an efficient, low-maintenance home rather than a spacious one. The assessed value is modest and aligns with area averages, indicating a stable, entry-level point in the market.
This property would best suit first-time buyers, downsizers, or investors seeking a modern, "lock-and-leave" type of home in a mature neighbourhood. It’s for those who prioritize the condition and age of the building over square footage. A thoughtful perspective is that its smaller size and newer construction could lead to relatively predictable utility and upkeep costs, offering financial simplicity. However, buyers should be prepared that it offers less interior space than most neighbouring homes.
Frequently Asked Questions
1. Is the assessed value the same as the market price?
No. The assessed value (listed as $38,300) is for municipal tax purposes. The market price is determined by current buyer demand and recent sales, like the home's last sale between $300k-$350k in 2016.
2. What does it mean that the home is "below average" in size for the street?
It directly compares the home's 916 sqft to others on George Lawrence Bay, where the average is about 1,093 sqft. You are getting a newer home, but with less interior space than most on the same block.
3. How can the home be the newest on the street but have a below-average lot size?
The lot is 4,339 sqft, which is smaller than others on the street. This shows the subdivision and layout of newer infill lots can differ from older ones, resulting in a modern home on a serviceable, but not oversized, parcel.
4. The sold price history shows a range. How can I get the exact price?
The exact sale price is not public record in Manitoba. The listing service offers to provide the precise figure via email upon request, which they manually retrieve from proprietary sources.
5. What are the advantages of a home that is newer than most in the area?
Primarily, it may mean fewer major repairs (like roof, windows, furnace) in the near term and compliance with more recent building codes. It also suggests modern materials and layouts, which can be energy-efficient and aesthetically current.