Property Overview: 171 Summerfield Way, Winnipeg
Key Characteristics & Appeal
This home at 171 Summerfield Way is a compact, 720 sqft bungalow built in 1972, situated on a 3,001 sqft lot in Winnipeg's River East neighborhood. Its defining characteristic is its modest scale; the living area is notably smaller than most homes on its street, in the neighborhood, and across the city. This is reflected in its assessed value of $257k, which sits below local averages.
The primary appeal lies in its affordability and efficiency. It represents a lower-cost entry point into a stable, established area like River East. This isn't a home for sprawling, but for streamlined living. It would suit first-time buyers prioritizing financial accessibility over space, downsizers looking to rightsize without leaving the community, or investors seeking a manageable rental property. A thoughtful perspective is that a smaller home on a smaller lot can mean significantly lower utility costs, property taxes, and maintenance time, offering a different kind of freedom. Its average year of build for the area suggests it shares the fundamental character and construction era of its neighbors, just in a more condensed form.
Frequently Asked Questions
1. Is this the smallest house in the area?
While not the absolute smallest, it ranks in the bottom 15% for living area on its own street and bottom 3% within the broader River East neighborhood, confirming it is a notably compact property for this location.
2. Why is the assessed value below average?
The assessed value is strongly correlated to the home's size. With a living area and land area both significantly below local averages, the valuation is proportionally lower, which directly enables its more accessible price point.
3. What are the ongoing costs likely to be?
Based on its below-average assessed value, municipal property taxes should be relatively lower compared to larger homes in River East. Utility and maintenance costs for a 720 sqft space are also typically reduced.
4. How does the recent sold price compare?
Public data indicates it sold between $250k-$300k in early 2024. This placed it in the top half of sales on its street at that time, suggesting the market recognized value in its affordability despite its size.
5. Where can I get verified sale history?
The provided sold price is an estimate from public records. For fully verified transaction history and exact figures, you must request a manual lookup from the site via email, as they do not display MLS-sourced sold data.