Property Overview & Key Characteristics
This 952 sqft bungalow at 15 Garvie Bay in Winnipeg's Munroe East neighbourhood presents a practical and efficient living space. Built in 1978, its standout feature is its relative modernity compared to its immediate surroundings, ranking in the top 3-4% for year built on its street and in the area. This suggests potentially fewer immediate concerns with aging infrastructure found in older area homes.
The home’s appeal lies in its manageability and position within a stable, established community. With a living area and assessed value that are around average for the street but below the wider city averages, it represents a more accessible entry point into homeownership. The lot size of 2,519 sqft is modest, especially compared to larger city lots, which translates to lower maintenance. A recent sale in the $250k-$300k range aligns with this profile.
This property would suit first-time buyers or downsizers seeking a low-maintenance, single-level home in a mature neighbourhood. It’s for those who prioritize a newer build date within an older area over expansive square footage or a large yard. Value-conscious buyers looking for a functional home without the premium of a larger lot or above-average city-wide size will find it a sensible match.
Frequently Asked Questions
1. How does the build year compare to nearby homes?
This home, built in 1978, is notably newer than many in the area. It ranks in the top 4% for year built within Munroe East, meaning it is one of the most recently constructed houses on its street and in the wider neighbourhood.
2. Is the lot size a limitation?
The lot is approximately 2,519 sqft, which is average for Garvie Bay but below the typical lot size for both Munroe East and Winnipeg overall. This is a trade-off: it means less outdoor maintenance but also less private yard space compared to many other area properties.
3. What does the assessed value indicate?
The assessed value of $25,800 is around average for the street but below the averages for the broader area and city. This typically reflects the home’s modest size and lot dimensions rather than condition, and it contributes to a relatively lower property tax burden.
4. Who might this home not suit?
Buyers needing significant living space, those who desire a large garden or extensive outdoor area, or families looking for a home with growth potential well above city-average square footage may find the proportions limiting.
5. How can I learn the exact past sale price?
The provided sale price is a public data range. The exact historical sale price can be requested directly via email from the listing service, which provides the accurate figure manually without using your email for marketing.