Property Overview: 225 Kisil Bay, Winnipeg
Key Characteristics & Appeal
This 1,056 sqft bungalow, built in 1970, sits on a 3,956 sqft lot in Munroe East. Its primary appeal lies in its efficient, above-average living space for both the immediate street and the broader neighbourhood, offering a comfortable footprint without excessive upkeep. A key, less obvious strength is its relative newness compared to other homes on Kisil Bay, ranking in the top 3% for year built on the street, which may suggest updated core components or construction methods.
The home’s assessed value is notably below average for both Munroe East and Winnipeg overall, indicating a potentially accessible entry point into the market. This profile suits first-time buyers or downsizers seeking a manageable, single-level home in an established neighbourhood. It’s also a practical fit for value-oriented investors or buyers who prioritize interior space over a large yard, as the lot size is more compact than many in the area.
Frequently Asked Questions
1. How does the sold price history inform the current value?
The home sold between $200k-$250k in 2022. This recent sale provides a concrete benchmark, but the current assessed value of $23,200 is significantly lower, highlighting the difference between market price and municipal assessment for tax purposes.
2. What does the "Elite" ranking for year built on the street mean?
On Kisil Bay, this 1970-built home is among the newest, ranking 1st out of 34. This doesn’t mean it’s a new build, but rather that most immediate neighbours’ homes are older, which could be a factor for maintenance considerations.
3. Is the living space large for the area?
Yes. With 1,056 sqft, it offers above-average living area for both Kisil Bay (top 21%) and the Munroe East neighbourhood (top 29%), making it a spacier option within its local context.
4. Why is the assessed value so much lower than the city-wide average?
The city-wide average assessed value of $390k is skewed by newer, larger, or more luxurious homes across all districts. This home’s assessment aligns more closely with typical values in its specific area and for its size and age.
5. How can I get the exact historical sold price?
The exact sold price is not publicly displayed. You can request it via email from the site, which provides the figure manually as a service without using your email for marketing.