Property Overview: 470 Locksley Bay, Winnipeg
Key Characteristics & Appeal
This home at 470 Locksley Bay in Munroe East is a study in solid, established value. Built in 1956, it offers 1,042 sqft of living space, which is notably above average for its immediate street and in line with the broader neighbourhood average. Its standout feature is its assessed value of $32,400, which ranks in the top 20% for Munroe East and the top 12% on Locksley Bay itself, suggesting it is a well-regarded property within its local context.
The appeal lies in its position as a competitively sized home in a mature neighbourhood, offering more interior space than many direct neighbours while carrying an assessment that implies good relative value. The lot, at 4,885 sqft, is smaller than others on the street but is typical for the area overall. This profile suits practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize move-in ready functionality in a settled community over a large yard or a newer build. A thoughtful perspective is that this home represents the "steady middle" of the market; it’s not the newest or largest, but its strong assessment ranking hints at a maintained condition or desirable location on the bay that may not be immediately obvious from the basic stats.
Frequently Asked Questions
1. How does the assessed value compare to likely market price?
The assessed value is for municipal tax purposes and is not a direct indicator of market price. However, its high rank compared to neighbours suggests the property is in good standing relative to others in the area, which can be a positive signal for market value.
2. What does the sold price history indicate?
Records show it last sold between $200k-$250k in 2017. This provides a historical benchmark, but current market conditions, updates made since then, and demand will determine today’s value.
3. Is the smaller lot size on the street a concern?
While it is the smallest lot on Locksley Bay, it is close to the average lot size for the wider Munroe East area. This may mean less yard maintenance, but it's wise to view the property in person to see how the lot size affects privacy and outdoor space.
4. What are the implications of the home’s age (1956)?
A home of this age is typical for the neighbourhood. It likely has character and established landscaping, but prospective buyers should prioritize a thorough inspection to understand the condition of major systems like plumbing, electrical, and the roof.
5. How can I get the exact past sold price?
The exact sold price is not publicly listed in detail. You can request it by email from the listing source, which provides the information manually as a service.