Property Overview: 452 Locksley Bay, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Munroe East neighbourhood, built in 1956. Its primary appeal lies in its exceptional lot size—over 12,000 square feet—which places it in the top 3% for the street and top 0% for the entire neighbourhood. This offers rare potential for expansion, gardening, or private outdoor space in the city. The home itself is of a practical size (1,084 sqft) and features a renovated basement and a detached garage. While the house is older, its assessed value ranks highly on its street, suggesting it is considered a solid asset in the area.
The property would suit a buyer who values land over a large, modern footprint. It’s ideal for someone looking for a long-term home with room to grow, perhaps a family wanting space for children to play, a hobbyist gardener, or a future builder looking for a prime lot. It also represents a classic Winnipeg trade-off: acquiring a generous piece of land with a functional home that may require updates over time, rather than purchasing a newer, more constrained property.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovated basement in a home of this era typically means it has been finished into a livable space, possibly with a recreation room, additional bedroom, or laundry area. It's important to verify the quality, permits, and moisture control of the renovation.
2. How significant is the lot size?
Very. At 12,186 sqft, it's substantially larger than the standard city lot. This isn't just a bigger yard; it provides tangible privacy, space for additions like a workshop or large deck, and future development potential that is increasingly rare.
3. The home is older—what should I be prepared for?
A 1956 home will likely have original or aging core components. Budget for potential updates to major systems like plumbing, electrical, the roof, and windows. The charm and land come with the responsibility of maintaining an older structure.
4. Why is the assessed value relatively low compared to the lot's ranking?
The assessed value reflects the current improvement (the house) on the land. The high ranking for lot size shows the potential value of the property. The assessed value suggests the existing home is modest relative to the land it sits on, which can be seen as an opportunity.
5. What is the neighbourhood like?
Munroe East is a mature, established area. The listing shows a mix of older homes like this one and several new builds nearby, indicating a neighbourhood in transition where older properties are being updated, which can be positive for long-term value.