Property Overview & Key Characteristics
This 1,040 sqft bungalow at 174 Kisil Bay, built in 1969, presents a compelling opportunity in Winnipeg's Munroe East neighbourhood. Its primary appeal lies in the generous 5,699 sqft lot, which ranks in the top 6% on its own street and the top 19% in the local area, offering significant outdoor space and potential. While the living space is comfortably average for the vicinity, the property's assessed value consistently ranks above average for both the street and the neighbourhood, suggesting a perceived solidity or desirability that outpaces many direct comparables.
The home would suit first-time buyers or downsizers looking for a manageable footprint on a larger-than-typical lot, providing room for gardens, play, or future expansion. It also appeals to value-focused investors or owner-occupants who prioritize land size and established neighbourhood character over a newer build or a maximized interior square footage. A thoughtful perspective is that this property represents a "land play" with a liveable house included—its value is anchored more in its parcel than in its structure.
Frequently Asked Questions
1. Why is the assessed value so much higher on this street and in the area compared to the city-wide average?
This indicates the property is considered above average in value within its immediate context (Munroe East and Kisil Bay), which often reflects lot size, condition, or specific location advantages. The city-wide comparison includes a vast mix of property types and ages.
2. What does the sold price range (CA$300k–350k in 2023) tell me about the current value?
It provides a recent market benchmark. However, market conditions change, so this historical price should be used as a reference point alongside a current professional appraisal or comparative market analysis.
3. The house was built in 1969. What should I consider regarding its age?
While the building age is typical for the area, a home of this vintage may have original major systems (like roofing, plumbing, or electrical) that are nearing or past their typical lifespan. A thorough inspection is crucial to understand any upcoming maintenance or updates needed.
4. How significant is the lot size advantage?
A lot size ranking in the top 6% on the street is a notable differentiator. It offers more privacy, space for outdoor activities, and potential for additions like a garage, shed, or deck that might not be possible on standard-sized lots in the area.
5. How do I find out the exact historical sold price?
The exact sold price is not publicly displayed in detail here. As noted, you can provide your email to the listing service to request that information manually from their records.