468 Locksley Bay

Property Overview: 468 Locksley Bay, Winnipeg

Key Characteristics & Appeal

This home at 468 Locksley Bay in Munroe East is a well-situated, mid-century property that offers solid value and space relative to its immediate neighbourhood. Built in 1956, the 1,042 sqft house sits on a generous 5,276 sqft lot. Its primary appeal lies in its strong positioning within the local context: the living area is notably above average for Locksley Bay itself (ranking 7th out of 34 homes), offering more interior space than many direct neighbours. The lot size is also competitive, providing ample outdoor space compared to many homes in the wider Munroe East area.

The home suits practical buyers looking for a established neighbourhood character. It’s ideal for someone who values a larger lot and more interior square footage than is typical on the street, without a premium city-wide price tag—the assessed value is significantly below the Winnipeg average. A thoughtful perspective is that this property represents a "neighbourhood anchor" opportunity; it’s a home that already outperforms its closest peers in key metrics like living space and lot size, suggesting potential for further value enhancement in a stable, established setting.

Frequently Asked Questions

1. How does this home’s value compare to nearby recent sales?
A home on the same street sold between $200k-$250k in 2019. Given its above-average living area for the street, this provides a useful benchmark, though market conditions have likely changed since.

2. Is the assessed value the same as the market value?
No. The municipal assessed value for tax purposes is $29,700, which is well below the city-wide average for comparable homes. Market value is determined by current buyer demand and recent sales, and is typically higher.

3. What does the "above average" ranking for living area on the street mean?
It means that out of 34 homes on Locksley Bay, only 6 have a larger living area. This home offers more interior space than most of its direct neighbours, which is a key advantage.

4. Are there newer homes in the area?
Yes. The data shows a nearby property built as recently as 2019, indicating the neighbourhood has a mix of classic and modern homes. This 1956-built home is older than most in Munroe East but is typical for its specific street.

5. How can I get the exact historical sold price for this property?
The exact sold price is not publicly listed. The site offers to provide this information manually via email request, with a promise of a reply by the end of the same day and no unsolicited marketing.