Property Overview: 243 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 offering above-average interior space for its immediate area, ranking in the top 21% on its street and top 29% in Munroe East for living area. This makes it a relatively spacious option compared to many nearby homes. However, it sits on a modest 3,100 sqft lot, which is smaller than most in the wider area and city.
The home’s assessed value is notably below average for both the neighborhood and the city, which may indicate a lower property tax burden or an entry-point price. A thoughtful perspective is that while the lot is compact, it could mean less maintenance—a potential draw for those seeking a manageable yard. The data suggests it’s a home that prioritizes interior space over land, in a street where it is one of the newest constructions.
This property would likely suit first-time buyers or downsizers looking for a comfortable amount of living space without a large lot to upkeep. Its value positioning also makes it a candidate for budget-conscious buyers or investors seeking a rental property in a stable, established area.
Frequently Asked Questions
1. Is the assessed value the same as the market price?
No. The assessed value of $23,100 is for municipal tax purposes. The market price is determined by current buyer demand and recent sales, like the home's last sale between $150k-$200k in 2018.
2. What does the "Elite" ranking for Year Built mean?
On Kisil Bay, this home is ranked 1st out of 34 comparable properties for its build year (1970). This simply means it is one of the newest homes on that specific street, not necessarily that it's a luxury property.
3. The lot size is ranked low. Is that a major drawback?
It depends on your priorities. The lot is smaller than most in Winnipeg, which limits expansive outdoor space. However, it translates to less yard work and can be a efficient use of space, potentially suiting those who prefer low-maintenance living.
4. How current is the sales price information?
The provided sold price range is from 2018. For the exact, most recent sale price, you need to request it directly via the email service mentioned on the listing page.
5. The living area is above average for the area, but average city-wide. How should I interpret this?
This indicates the home offers good interior space for the Munroe East neighborhood, which generally has smaller homes. Compared to the entire city, it's a typical size. The takeaway is that you're getting a competitively spacious home within its local market context.