Property Overview & Key Characteristics
This 988 sqft bungalow, built in 1970, sits on a near 5,000 sqft lot on George Suttie Bay in Winnipeg's Munroe East neighbourhood. Its primary appeal lies in its strong positioning within its immediate area. The living space is notably above average for the street, offering more room than most direct neighbours. The lot size is generous for the locale, and the home's age is newer than many in the broader area, which can suggest updated infrastructure or a modern layout for its era.
The property suits first-time buyers or downsizers looking for a manageable, single-level home in an established neighbourhood. It also appeals to value-conscious buyers who prioritize getting more house and land for their money compared to immediate neighbours, rather than competing in city-wide comparisons. A thoughtful perspective is that this home represents a "big fish in a small pond" scenario—it stands out favourably on its own street and within Munroe East, offering a sense of relative value and space that isn't as apparent when measured against the entire city.
Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows it compares very well on its own street. It has more living space than most (ranking 11th out of 70) and is on a newer-than-average lot for the immediate area, suggesting a well-sized home for the location.
2. Is the assessed value a reliable indicator of the selling price?
The assessed value ($30.7k) is for municipal tax purposes and is not a market valuation. Recent sales history shows the home sold between $300k-$350k in 2024, which is a more relevant indicator of its market price.
3. What does the "below average" city-wide ranking for living area mean?
While the 988 sqft is below the city-wide average home size, this is typical for established neighbourhoods. The key takeaway is that for this specific street and community, the home is actually considered spacious, which is often more important for resale value in the area.
4. The home was built in 1970. What should I consider?
A 1970s build is newer than many in Munroe East. This can be an advantage, but a professional home inspection is crucial to assess the condition of major systems like roofing, wiring, plumbing, and windows, which may be nearing the end of their service life.
5. How stable is the value in this area?
The home sold previously in 2016 for an estimated $200k-$250k. The 2024 sale price indicates significant appreciation over that period, suggesting a strong market trend for well-positioned properties in this neighbourhood.