Property Overview
91 Rizzuto Bay is a well-established, single-family home in Winnipeg's Mission Gardens neighbourhood. Built in 1977, it presents a practical opportunity with a clear value proposition based on its comparative metrics.
Key Characteristics & Appeal
This home is defined by its efficient scale and positional value. At 888 sqft, the living space is notably compact, ranking in the bottom quartile for size both on its street and within the wider city. This creates a distinct profile: it’s a manageable, low-maintenance footprint ideal for individuals, couples, or small families. The assessed value of $35,300 is consistently "around average" across all comparison levels, suggesting the property is priced appropriately within its market context without premium or discount.
The appeal lies in its balance. While the house itself is smaller, the nearly 5,000 sqft lot provides ample outdoor space relative to the home's size—a valuable asset for gardening, recreation, or future expansion. Its last recorded sale in the $350k-$400k range (2021) indicates a history of steady market interest. The home suits value-conscious buyers seeking entry into a mature neighbourhood without the upkeep of a larger property. It’s a pragmatic choice for those prioritizing lot size over interior square footage or for investors considering the land's potential relative to the modest structure.
Frequently Asked Questions
1. Is this a small house?
Yes. At 888 sqft, it is significantly below the average home size for Winnipeg. This makes it efficient and easier to maintain, but requires thoughtful use of space.
2. How does the assessed value compare to the likely selling price?
The assessed value for tax purposes is $35,300, but this is not a market valuation. The 2021 sale price was between $350,000 and $400,000. Market value is determined by current conditions, buyer demand, and the property's specific features.
3. What does the lot size mean for me?
The lot is just under 5,000 sqft. While this is below average for Rizzuto Bay, it is typical for the broader Mission Gardens area. It offers a good balance of yard space without excessive grounds to maintain.
4. The home was built in 1977. What should I consider?
A home of this age will likely have had several updates, but a thorough inspection is crucial to evaluate the condition of major systems like roof, plumbing, electrical, and insulation, which may be nearing or past their typical lifespan.
5. How can I get the exact historical sale price?
The precise sale price is not public record in Manitoba. The listing service offers to provide this detail manually via email upon request, at no cost and without marketing spam.