Property Overview: 105 Summerfield Way, River East, Winnipeg
Key Characteristics & Appeal
This 840 sqft bungalow, built in 1972 on a 5,004 sqft lot, presents a compelling case for value-focused buyers. Its primary appeal lies in its strong positioning within its immediate locale. While the living area is below the neighborhood and city averages, the home’s assessed value of $340k ranks well above the street average, suggesting it is perceived as a premium property on Summerfield Way. This creates an interesting dynamic: you’re acquiring a home that stands out on its own street for value, yet remains an affordable entry point into the broader River East area, where average values are higher.
The property suits first-time buyers or downsizers seeking a manageable footprint without a sprawling yard. It’s also a practical candidate for investors or renovators looking for a solid foundation in a stable, established neighborhood. A thoughtful perspective is that this home offers the benefits of a mature community without the premium often attached to larger, updated homes in the area, allowing for equity to be built through personalization over time.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is a snapshot in time. While this home’s assessment is strong for its street, market conditions, property condition, and recent upgrades will ultimately determine the sale price. The last known sale was between $250k-$300k in 2016.
2. How does the smaller living area impact livability and value?
At 840 sqft, the home is cozy and efficient, which means lower utility costs and less maintenance. While smaller than many area homes, this can be a virtue for the right buyer, offering affordability in a neighborhood where larger homes command higher prices.
3. What does the "above average" value ranking on the street imply?
It indicates that, compared to its direct neighbors, this property is considered higher in value. This could be due to lot placement, past improvements, or overall condition. It suggests a good degree of pride of ownership on the street.
4. Are exact past sale prices available?
The public data shows a sale price range. For fully verified and exact transaction history, you must request a manual lookup from the site, as they do not display MLS sold records.
5. The lot size is below the neighborhood average. Is the yard still usable?
At just over 5,000 sqft, the lot is very close to the average for Summerfield Way itself. It provides a typical yard space for the immediate area, which is often more manageable for gardening or entertaining without being overly burdensome to maintain.