Property Overview: 10 Sawka Bay, Winnipeg
Key Characteristics & Appeal
This is a modern, low-maintenance home built in 2022, offering a move-in-ready condition with the benefits of recent construction, such as updated building codes and newer appliances. At 1,149 sqft, the living space is efficient and below the average for its immediate street and industrial-area neighbourhood, but it compares more favourably to the typical Winnipeg home. Its assessed value of $377k sits below local averages, potentially representing a relative value entry point into a newer build.
The appeal lies in its contemporary age within a city where the typical home is much older, suggesting fewer immediate repair concerns. The lot size, while modest city-wide, is reasonably proportional to the home, requiring less upkeep. This property suits first-time buyers or downsizers seeking a modern, manageable home without the premium often attached to newer constructions in other areas. It may also attract value-oriented investors or buyers who prioritize newer infrastructure over expansive square footage, viewing the smaller size as a feature for reduced utility and maintenance costs.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value is a key data point for municipal taxes, market conditions ultimately determine sale price. The home last sold in late 2022 for an estimated $450k-$500k, which was well above its current assessment, suggesting market value can differ significantly.
2. How does the "North Inkster Industrial" zoning affect living here?
The industrial designation means the surrounding area is primarily for business and manufacturing. Buyers should personally visit at different times to assess factors like noise, traffic, and the general environment to ensure it matches their lifestyle expectations.
3. The home is smaller than many in the area. Is there room to expand?
The lot size of 2,954 sqft is around average for the street but below the city norm. Any potential for a significant addition or expansion would be limited and would require careful review of local zoning bylaws and setback requirements.
4. What are the potential implications of the home's sale history?
The data shows a previous sale in March 2022 for an estimated $300k-$350k, followed by a sale just seven months later at a higher price. This could indicate a quick investor flip or a rapid appreciation at that time; understanding the context of those transactions may be insightful.
5. How can I get the exact historical sale prices for this property?
The provided sold price data is presented in ranges. To obtain the precise sale figures from the transaction history, you must request a manual lookup via email through the site, as this information is not sourced from the MLS system displayed publicly.