Property Overview: 183 Summerfield Way, Winnipeg
Key Characteristics & Buyer Appeal
This home at 183 Summerfield Way is a compact, 720 sqft bungalow built in 1972, situated on a 3,000 sqft lot in Winnipeg's River East neighborhood. Its primary appeal lies in its position as an accessible entry point into the housing market. With an assessed value of $247k, it stands well below the area average, presenting a lower financial barrier compared to most homes on the street and in the wider community.
The property suits first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance footprint. Its smaller size means reduced utility costs and upkeep, which can be a significant long-term advantage. A thoughtful perspective is that while the home ranks below average in size and value for the area, this actually insulates it from the higher property taxes associated with more expensive neighboring homes. It last sold between $150k-$200k in 2017, suggesting potential for equity growth, though its modest proportions mean value is likely driven more by land and location than the structure itself.
Frequently Asked Questions
1. Is this a good value for the area?
Based on assessed value, this home is priced significantly below neighborhood averages, making it one of the most affordable options in River East. You are paying primarily for location and land, with the home itself being modest.
2. What does the living area ranking mean for me?
The 720 sqft living area is smaller than most homes in Winnipeg. This is ideal for minimalists or those wanting low maintenance, but may require creative use of space or an addition for growing families.
3. How reliable is the sold price data shown?
The sold price range ($150k-$200k in 2017) is based on public internet data. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email, as MLS data is not displayed.
4. The lot is smaller than average. Is that a problem?
The 3,000 sqft lot is smaller than typical but still provides outdoor space. It means less yard work and may align with a desire for a more community-focused, neighborhood feel rather than private seclusion.
5. Who might this property not suit?
It may not suit those needing multiple bedrooms, dedicated home office space, or who prioritize a large private yard. The rankings clearly indicate it's a compact property best for simpler living arrangements.