Property Overview: 74 Sawka Bay, Winnipeg
Key Characteristics & Appeal
This property is a modern, well-sized home built in 2022, offering the benefits of a nearly new construction with minimal initial maintenance concerns. Its primary appeal lies in its efficient and above-average living space (1,537 sq ft) relative to both its immediate street and the wider city, suggesting a smart use of its footprint. With an assessed value of $438,000, it positions itself as a premium offering on its own street yet sits around the median for the broader North Inkster Industrial area, indicating you are paying for modernity and condition in a neighbourhood with a wide range of home values and vintages.
A thoughtful perspective is its lot size. At 2,945 sq ft, the yard is typical for the street but smaller than the city average. This appeals to buyers seeking a newer home who prefer lower exterior maintenance, but it may not suit those envisioning extensive gardens, expansions, or large outdoor living spaces. The home last sold in mid-2023 in the $400k-$450k range.
This home would best suit first-time buyers or young professionals looking for a modern, move-in-ready property without the upkeep of an older home. It also fits investors or practical buyers who prioritize interior space and modern systems over a large lot, making it an efficient urban purchase.
Frequently Asked Questions
1. How does this home compare to others in the area?
The home is newer than most in Winnipeg (top 1% city-wide for year built) and offers more living space than the average city home. Within its specific neighbourhood, it's a relatively new build (top 21%) with a living area and assessed value that are both around the local average.
2. Is the lot size a concern?
The lot is consistent with others on Sawka Bay but is below the Winnipeg average. This means lower yard maintenance but less private outdoor space. It's a trade-off that suits a low-maintenance lifestyle.
3. What does the sold price history indicate?
It sold between $400,000 and $450,000 in May 2023. The current assessed value of $438,000 aligns with that recent sale range, suggesting stable value in the current market context.
4. What are the likely ongoing costs for a home like this?
As a 2022 build, major components like the roof, HVAC, and appliances should be under warranty or have significant life remaining, potentially leading to lower repair costs in the immediate future compared to an older home.
5. How can I get the exact historical sold prices?
The provided data shows price ranges. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not display MLS sold records directly.