Property Overview: 103 George Suttie Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 103 George Suttie Bay is a practical, no-frills property that represents an accessible entry point into Winnipeg’s Munroe East neighborhood. Built in 1969, its 696 sqft living area is compact, ranking it below the average size for both the broader area and the city. The lot, at 3,449 sqft, is also modestly sized compared to nearby properties. Its assessed value is notably below average across all comparison levels, reflecting its scale and positioning in the market.
The primary appeal lies in its affordability and efficiency. It suits buyers seeking a lower barrier to entry, such as first-time homeowners, downsizers looking to simplify, or investors interested in a manageable rental property. A thoughtful perspective is that while the home is smaller than most, its lot size within the immediate street context isn't drastically different, suggesting a typical neighborhood footprint. Interestingly, the home's build year is newer than many in Munroe East, which could imply slightly updated infrastructure compared to area peers. It’s a property for those who value location and practicality over space, offering a chance to build equity in a stable market without a premium price tag.
Section 2: Frequently Asked Questions
1. What does the assessed value ranking actually mean?
The assessed value of $25,400k ranks in the bottom 20-30% compared to homes on the same street, in Munroe East, and across Winnipeg. This consistently indicates it is valued as a more affordable option within each of those markets.
2. Is the living space too small?
At 696 sqft, it is significantly smaller than the Winnipeg average (~1,342 sqft). It would best suit individuals, couples, or those comfortable with efficient, minimalist living. The floor plan's functionality will be a key consideration.
3. How does the lot size impact potential?
The lot is smaller than average but not exceptionally so for the immediate street. It offers modest outdoor space but likely limited potential for major expansions or additions compared to larger lots in the area.
4. The home sold between 2020-2025. What can that price tell me?
The last recorded sale fell in the CA$200k–250k range. This historical price, combined with the current low assessed value, highlights its position as a lower-cost property. It provides a benchmark for understanding the market's valuation trend for this specific home.
5. What’s the significance of the ‘Year Built’ ranking?
While around average city-wide, the 1969 build date ranks in the top 19% for the Munroe East area. This suggests the home is relatively newer than many of its close neighbors, which can sometimes be an advantage regarding the age of certain core components.