Property Overview: 82 Byars Place, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 82 Byars Place in Munroe East presents a compelling case for value-focused buyers, particularly those who prioritize land over interior size. Built in 1969, the 988 sqft house sits on a notably generous 6,518 sqft lot, which ranks in the top 5% for size within the local area. This creates significant potential for expansion, gardening, or outdoor living.
The appeal lies in this land-to-building ratio. While the living space is modest and below the city-wide average, the property’s assessed value is strong for the Munroe East neighbourhood, ranking above average. This suggests the lot itself is a major contributor to its value. The recent sale in the $350k-$400k range aligns with this profile. It’s an ideal fit for first-time buyers, downsizers, or practical investors looking for a home with a manageable footprint but a large, versatile yard. It suits someone willing to live comfortably in a smaller, older home while holding an asset where the true long-term value may be in the land itself.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 988 sqft, the living area is compact and below average for the city. It would suit a smaller household or someone comfortable with efficient living. The trade-off is the unusually large lot, which offers space for future addition or outdoor use.
2. What does the "Elite" ranking for land area mean?
This means the property's lot size (6,518 sqft) is larger than approximately 95% of comparable lots in the Munroe East area. It’s a standout feature for the neighbourhood.
3. Why is the assessed value much lower than the recent sale price?
Municipal assessed value (here, $32,900) is for taxation purposes and often lags behind market value. The sale price between $350,000 and $400,000 reflects current market conditions, buyer demand, and the property's specific attributes.
4. What are the implications of the 1969 build date?
The home is 57 years old. Prospective buyers should budget for potential updates to major aging components like the roof, windows, plumbing, or electrical systems. A thorough inspection is essential.
5. How can I find out the exact sold price?
The provided sale price is a public range. The exact, final sale price can be requested by emailing the listing service directly, as noted on the detail page. They provide this data manually.