Property Overview: 19 Byars Bay, Winnipeg
Key Characteristics & Appeal
This home at 19 Byars Bay in the Munroe East neighbourhood presents a solid, value-oriented opportunity. Built in 1968, it is a mature property on a generous 5,697 sqft lot. With 1,075 sqft of living space, it offers a practical footprint for everyday living. The data reveals its core appeal: it stands out for its value within its immediate area. The assessed value is notably above average for both its street and the broader Munroe East area, suggesting it is a well-regarded property in its local context. However, it's important to note it is one of the older homes on its specific block.
The appeal lies in its established neighbourhood setting and the potential that comes with a larger lot. It suits a pragmatic buyer—perhaps a first-time homeowner, a downsizer, or an investor—who values space over a modern build and is comfortable with a home from this era. This isn't a flashy, fully renovated showpiece; it's a grounded property whose strengths are its lot size and positional value within a community, offering a canvas for personalization or steady occupancy.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold between $300,000 and $350,000 in 2021. Its current assessed value of $34,300 is for municipal tax purposes and is typically lower than market value. The assessment being in the top 9% for Munroe East indicates the city views it as a higher-value home in the area.
2. What does it mean that the home is "below average" for year built on its street?
This simply indicates that most houses on Byars Bay were built after 1968. In the wider Munroe East area and citywide, its 1968 build date is actually around or above average. It reflects a street with some newer infill or later-stage development, not an anomaly.
3. Is the lot size a significant feature?
Yes. At 5,697 sqft, the lot is larger than 80% of properties in Munroe East. This is a key asset, offering more outdoor space, privacy, and potential for additions, gardens, or landscaping than many nearby properties.
4. What can nearby "comparable" sold properties tell me?
Nearby references like 492 Weedon St (1983, 1,130 sqft) and 937 Moncton Ave (1959, 1,334 sqft) show the variety in the area. Comparing their sale histories, condition, and lot sizes to 19 Byars Bay can help gauge its market position and renovation state.
5. Why is the city-wide average living area much larger?
The city-wide average of 1,342 sqft includes many newer suburban homes with larger footprints. This highlights that 19 Byars Bay offers a more modest, manageable size that is actually above average for its established, inner-city-style neighbourhood of Munroe East.