Property Overview: 63 Donegal Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its land. Built in 1959, the 947 sqft house is modest in size, ranking below average for living space both on its street and city-wide. However, its true standout feature is the 8,506 sqft lot, which is in the top 5% on Donegal Bay and the top 1% in the broader Munroe East area. This creates a unique dynamic: you’re acquiring a property with an assessed value that is above average for its immediate neighborhood, largely due to this substantial and rare parcel of land.
The appeal lies in this potential. It suits a buyer who sees beyond the current footprint—whether that’s a family desiring extensive outdoor space, a long-term owner planning a future expansion or rebuild, or an investor recognizing the inherent value in a large lot in a mature neighborhood. It’s a property that trades immediate square footage for long-term opportunity, making it less suitable for those seeking a move-in-ready, spacious home without renovation plans.
Section 2: Frequently Asked Questions
1. Why is the assessed value above average if the house is smaller?
The assessed value reflects both the building and the land. Here, the lot size is exceptionally large for the area, which significantly increases the property’s total assessed value despite the more modest home.
2. What does the lot size allow for?
While specific zoning would need to be verified, a lot of this scale (nearly a fifth of an acre) in a mature neighborhood typically offers possibilities for major additions, building a garage or workshop, or simply enjoying extensive private green space—a rarity in the city.
3. Is the 2017 sale price a good indicator of current value?
Not directly. The sold price from eight years ago is a historical point. Current value is better gauged by recent comparable sales and the latest assessed value, which has likely appreciated since then, particularly given the premium lot.
4. What should I consider about a home from 1959?
Homes of this era may have original systems, wiring, and plumbing that could require updating or inspection. The positive is that it was built in a period known for solid construction, but a thorough home inspection is essential.
5. How does the living space compare practically?
At 947 sqft, the living area is functional but compact. It likely accommodates two to three bedrooms. Buyers should consider if the layout works for their current needs or if their plan involves renovating to better utilize the connection to the large yard.