Property Overview
This home at 87 Perry Bay in Winnipeg's Mission Gardens neighbourhood presents a compelling mix of space, value, and established character. Built in 1976, it offers 1,200 sqft of living area on a 5,497 sqft lot, with an assessed value of $35,900.
Key Characteristics & Appeal
The primary appeal of this property lies in its strong relative value and efficient use of space within a mature neighbourhood. Its living area is notably above average for its immediate street (ranking in the top 10% of 40 nearby homes) and the home itself is the newest build on Perry Bay. This suggests a well-maintained or potentially updated interior within a streetscape of older homes. The assessed value is stable and above the street average, indicating a solid investment in the local context.
It would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize more interior space over a massive yard and appreciate the stability of an established area. A thoughtful perspective is that this home seems to offer a "best-in-class" status on its specific block, which can provide a sense of pride and a buffer against market fluctuations compared to neighbouring properties.
Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value of $35,900 is for municipal tax purposes. The last recorded sale in 2023 was between $400k-$450k, which is the relevant benchmark for current market value. The assessment is consistently above average for the street, indicating the property is viewed favourably by tax assessors.
2. Is the home likely to need major updates?
Being 50 years old, some systems may be due for review or updating. However, the fact it is the newest home on its block (top 3%) can be a positive sign, potentially meaning it has had fewer owners or more recent upgrades than its immediate neighbours.
3. How does the lot size compare?
At 5,497 sqft, the lot is fairly typical for the area. It’s slightly larger than the Mission Gardens average but a bit smaller than the average lot on Perry Bay itself. It offers standard outdoor space without the extensive maintenance of a much larger plot.
4. What do the rankings actually mean for livability?
The rankings show this home "punches above its weight" on Perry Bay, offering more interior space and a newer build than most direct neighbours. This often translates to better comfort and potentially lower immediate maintenance costs compared to houses on the same street.
5. How can I get the exact historical sale price?
The precise sale prices are not published publicly. You can request the exact sold price history by emailing the listing service via the button provided. They manually provide this data without using your email for marketing spam.