Property Overview & Appeal
This home at 3 Lowery Bay in Winnipeg's Munroe East neighbourhood presents a practical opportunity with a balanced profile. Built in 1970, it is newer than many homes in its immediate area and wider neighbourhood, which can be an advantage for systems and structure. With 1,040 sqft of living space and a 5,901 sqft lot, the property offers a comfortable footprint. Its appeal lies in its solid positional value within Munroe East, where it ranks above average for lot size and assessed value compared to local peers, suggesting it's a well-regarded property in a stable community. The lot is particularly generous for the area, offering good outdoor potential.
This home would suit first-time buyers or downsizers looking for a manageable, established property without a premium price tag. It’s also a sensible fit for value-oriented buyers who prioritize a larger lot in a neighbourhood context over a maximized interior square footage. A thoughtful perspective is that its "around average" metrics city-wide indicate a home insulated from extreme volatility, representing a steady, middle-ground investment.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is above average for the Munroe East area but slightly below the average on its own street. This suggests it is priced appropriately within the broader neighbourhood, possibly offering better value than some immediate neighbours.
2. What does the lot size mean for potential buyers?
At nearly 5,900 sqft, the lot is larger than most in Munroe East. This is a key feature for those interested in gardening, outdoor space, or future additions like a shed or deck, providing more flexibility than typical area properties.
3. The home was last sold between 2019-2025. Can I get the exact price?
The exact sold price is not publicly listed. You can request it by email from the listing service, and they aim to provide the accurate figure manually by the end of the same day, without using your email for marketing.
4. Is a 1970-built home a concern?
While 56 years old, the home is actually newer than many in the area. This can mean updates may have been made over time and that major components might have a more recent replacement history than those in older homes, but a thorough inspection is always recommended.
5. How does the living space feel for its size?
At 1,040 sqft, the living area is very close to the neighbourhood average. It is efficiently sized for a couple or small family, likely featuring a practical layout common to its era. Buyers seeking very spacious interiors may find it compact, but it aligns with the area's standard.