Property Overview: 27 Garvie Bay, Winnipeg
Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1978, presents a compelling case for value-focused buyers in the Munroe East neighborhood. Its primary appeal lies in its efficient use of space and its strong standing within its immediate community. The home ranks in the top 3% on its street for living area, offering more interior space than most direct neighbors. It is also one of the newest homes on Garvie Bay and within the wider Munroe East area, which may suggest updated building standards or components compared to older area homes.
However, the property’s context shifts when viewed on a larger scale. While its assessed value is above average for its street, it falls below the average for both Munroe East and the entire city. This, combined with a land area that is significantly smaller than typical lots in the broader area, indicates a more compact, low-maintenance yard. The price history shows steady appreciation, with the last sale in 2021 in the $250k-$300k range.
This home would best suit first-time buyers, downsizers, or practical investors seeking an affordable entry into a stable neighborhood. It’s for those who prioritize interior space and a newer build year over a large yard, and who see value in a home that stands out positively on its own block.
Frequently Asked Questions
1. Is this a good value for the money?
The data suggests it offers strong value within its immediate micro-neighborhood (Garvie Bay), where it ranks well for size and newness. Compared to the wider city, its assessed value is below average, which could represent an opportunity but may also reflect the smaller lot size.
2. What does the smaller land area mean for me?
The 2,519 sqft lot is manageable and requires less maintenance than larger yards, which is a plus for those seeking a low-upkeep lifestyle. However, it offers less private outdoor space and may limit expansion possibilities like large additions or pools.
3. The home is "newer" for the area. What are the implications?
Being built in 1978 places it among the newest homes in Munroe East. This can be advantageous, potentially meaning fewer issues with outdated materials (like knob-and-tube wiring) found in older homes, and possibly featuring modern layouts. A thorough inspection is still essential.
4. How stable is the property’s value?
Recent sale data shows growth from the $150k-$200k range in 2019 to $250k-$300k in 2021. Its consistent "above average" assessed value on its specific street indicates it is a perceived asset in its direct community, which can be a stabilizing factor.
5. Where can I get more specific historical data, like exact sale prices?
The exact sold price history is not publicly displayed in detail. The listing service offers to provide this information manually via email request, with a promise of a prompt reply and no marketing spam.