Property Overview: 213 Kisil Bay, Winnipeg
Key Characteristics & Appeal
This 1,056 sqft bungalow, built in 1970, presents a practical opportunity in Winnipeg's Munroe East neighborhood. Its primary appeal lies in its efficient use of space; the living area is above average for both its immediate street and the broader local area, suggesting a well-utilized floor plan within a modest footprint. A notable characteristic is that it is the newest home on Kisil Bay, which may imply fewer age-related issues than its direct neighbors.
However, the property is defined by clear trade-offs. The lot size is notably compact, even compared to other homes in the area, which limits outdoor space but reduces maintenance. The assessed value is significantly below average for both Munroe East and the city, indicating a potentially more accessible price point. This combination makes it most suitable for first-time buyers, downsizers, or investors seeking a lower-entry-cost home in a mature neighborhood who prioritize interior space over yard size. It’s a home that offers value through its efficient layout and newer build date on its block, rather than through expansive land.
Frequently Asked Questions
1. What does it mean that the home is "Elite" for year built on its street?
This simply means it is the newest house among the 34 homes on Kisil Bay, all built around 1970. It suggests potentially updated core components compared to its immediate neighbors, but the home is still over 50 years old.
2. The assessed value seems very low compared to the city average. Is this a concern?
The assessed value ($23,400) is for taxation purposes and is not the market value. The recent sold price range (CA$200k–250k in 2024) is the relevant market indicator. The low assessment relative to the city average is typical for the area and may result in proportionally lower property taxes.
3. How much of a drawback is the smaller lot size?
At 2,961 sqft, the lot is compact. This means minimal yard maintenance and lower landscaping costs, which is a plus for some. The trade-off is limited private outdoor space for gardening, play, or entertaining.
4. The home sold recently in 2024. Why would it be back on the market?
The provided data shows a sale in the 2024 range. This summary is based on that recorded transaction. For current status and listing details, you would need to check the most recent market information.
5. How can I find out the exact past sold price?
The exact sale price is not public record in Manitoba. As noted, you can request this information by email from the source site; they manually provide the accurate figure from broker records.