Property Overview: 176 Summerfield Way, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,200 sqft home, built in 1973, presents a compelling mix of value and established character in Winnipeg's River East neighborhood. Its primary appeal lies in its efficient use of space and its position as a relative value proposition. While the living area is above average for its specific street, the home's assessed value is notably below both neighborhood and city averages. This creates an opportunity for buyers seeking more square footage for their dollar in a mature, settled area.
The home would suit first-time buyers or practical downsizers who prioritize interior space over a large yard, as the lot is smaller than typical for the area. Its "elite" ranking for year built on its street suggests it may be among the better-maintained or updated properties in its immediate row, a subtle advantage. The data indicates a buyer here is likely trading off land size and premium location for a more affordable entry into a well-sized home in a community with deep roots.
Section 2: Frequently Asked Questions
1. Why is the assessed value significantly below area averages?
This is likely due to a combination of its smaller lot size and the specific market segment of Summerfield Way. The home offers good interior space but sits on a lot that is below average for River East, which influences its valuation.
2. How does the living area compare to nearby homes?
Very favorably on its own street. At 1,200 sqft, it ranks in the top 9% of 91 homes on Summerfield Way, meaning it offers more interior space than most of its direct neighbors.
3. What does the sold price history from 2016 indicate?
The home sold for an estimated $200k-$250k in mid-2016. This historical price, ranked highly compared to sales at the time, suggests it has been perceived as a solid value in the past, consistent with its current assessment profile.
4. Is the 1973 build date a concern?
The data shows it is actually the newest home on its street, which is a positive sign. However, as with any home 50+ years old, the condition of major systems (roof, wiring, plumbing) and updates made over the years will be more important than the build date itself.
5. How can I get the exact past sold price?
The provided data is an estimated range from public records. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not have access to MLS sales history.