Property Overview: 70 Byars Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 70 Byars Bay presents a distinct profile defined by its generous outdoor space and efficient footprint. Built in 1971, it is a relatively newer home within its immediate Munroe East neighbourhood. The primary standout feature is the land: at over 8,300 square feet, the lot size ranks in the top 1% for the area, offering significant outdoor potential that is increasingly rare.
The appeal lies in this balance. The living area (956 sq ft) is modest and efficient, positioned below the city-wide average, suggesting a home focused on essentials rather than expansive square footage. This is paired with an assessed value that is strong for its street and neighbourhood, indicating perceived value and stability. The combination suits buyers who prioritize a large, private yard for gardening, recreation, or future expansion over a large interior. It’s an ideal match for downsizers seeking manageable indoor space with ample outdoor amenities, or for value-conscious buyers looking for a footprint that allows for renovation or addition, where the lot itself is a primary asset.
Section 2: Frequently Asked Questions
1. Is the house small compared to others on the street?
Yes, the living area is below the street average. However, its lot size is significantly larger than most on the street, and its assessed value is above the street average, suggesting the property compensates with land value and condition.
2. What does the "Elite" ranking for land area in Munroe East mean?
This indicates the property's lot size is in the top 1% of all comparable properties in the Munroe East area. It is a notably large parcel for the neighbourhood.
3. The assessed value seems low compared to the city-wide average. Why?
The city-wide average assessed value shown (~$390k) includes all property types and sizes across Winnipeg. This home’s assessment is more meaningfully compared to its local area, where it ranks well above average, reflecting its value within its specific market context.
4. How recent is the sale price data?
The home sold between 2021-2025 for an estimated $300k-$350k. For the exact sale price and date, you can request the information directly via the provided email service.
5. What are the implications of the 1971 build year?
Being built in 1971 makes it newer than many homes in the area and city-wide. This can suggest updates to building materials and standards from the mid-century period, but a specific inspection is always recommended to understand the current state of major systems like plumbing, electrical, and the roof.