Property Overview: 119 Donegal Bay, Winnipeg
Key Characteristics & Appeal
This home at 119 Donegal Bay in the Munroe East neighbourhood presents a compelling blend of established community value and above-average lot size. Built in 1959, it is a typical home for its street and area in terms of age and living space (1,053 sq ft). Its primary appeal lies in its financial metrics and land. The property boasts an "Elite" assessed value ranking within the top 3% of both its immediate street and the broader Munroe East area, suggesting it is a high-value asset in its local context. Furthermore, the lot is a significant feature, at 5,935 sq ft, placing it above average for the neighbourhood (top 13%), offering generous outdoor space that is less common in newer developments.
This property would suit a buyer looking for a well-regarded, established neighbourhood home with room to grow, garden, or enjoy outdoor living. It’s ideal for someone who values a larger lot over a larger house and appreciates a home that holds strong assessed value within its community. The recent sale in the $400k-$450k range indicates active market interest.
Frequently Asked Questions
1. What does the "Elite" assessed value ranking actually mean?
It means this home's municipal assessed value is in the top 3% compared to its immediate neighbours on Donegal Bay and within the wider Munroe East area. This typically indicates the property is considered a higher-value asset for tax purposes within its local market, though the city-wide ranking is average.
2. Is the living space smaller than a typical Winnipeg home?
Yes. At 1,053 sq ft, the living area is below the Winnipeg city-wide average for comparable homes. However, it is slightly above the average for Munroe East. This highlights a trade-off: a home with efficient interior space on a larger-than-average lot for the area.
3. How does the recent sale price relate to the assessed value?
The assessed value is $372,000, while the home sold for between $400,000 and $450,000 in 2024. This is common, as market sale prices are influenced by current conditions and buyer competition, while assessed value is an administrative valuation for taxation.
4. What are the implications of a 1959 build date?
As a home from the late 1950s, it is part of an established, mature neighbourhood. Buyers should budget for potential updates to major aging components like the roof, windows, or mechanical systems, while also appreciating the character and mature landscaping that often come with homes of this era.
5. Why is the lot size highlighted as a key feature?
At nearly 6,000 sq ft, the lot is substantially larger than many in Munroe East (top 13% for the area). This provides valuable extra outdoor space for recreation, gardening, or future expansion like a deck or shed, which can be a rarity and a major perk in established neighbourhoods.