Property Overview: 24 Peters Bay, Winnipeg
Key Characteristics & Appeal
This home at 24 Peters Bay in River East presents a balanced, grounded offering. Its primary appeal lies in the generous 8,367 sqft lot, which is significantly larger than average for the street, neighborhood, and city. This provides excellent outdoor space and potential. The house itself, built in 1980 with 1,283 sqft of living area, is functionally sized but slightly smaller than others on its street. Its assessed value of $425k aligns closely with local and city-wide averages, indicating a stable, market-appropriate valuation.
This property would suit a buyer who prioritizes land size over a larger interior footprint, ideal for gardening, family play, or future expansion. It’s a practical choice for someone seeking a home in a mature neighborhood without a premium price tag for extra square footage. A thoughtful perspective is that while the home is newer than many in Winnipeg, it is actually one of the older homes on its specific block, suggesting a well-established streetscape. The data shows a solid, middle-of-the-road investment—not a standout in size or newness, but offering the notable advantage of a bigger-than-average yard in a stable context.
Frequently Asked Questions
1. How does this home’s size compare to its neighbors?
The living area is slightly below the average for Peters Bay street, but is very close to the average for both the wider River East neighborhood and the city of Winnipeg as a whole.
2. Is the assessed value reasonable for the area?
Yes. The $425k assessment is consistently around the average mark when compared to similar homes on the street, in River East, and across Winnipeg, suggesting it is fairly valued by the assessor.
3. What is the most standout feature of this property?
The land size. At over 8,300 sqft, the lot is well above average at every comparison level, offering more private outdoor space than most comparable properties.
4. When was it last sold and for how much?
Public records indicate a sale between October 2017, with a sold price in the range of CA$300,000–$350,000. Exact figures require a manual lookup.
5. Is this a newer or older home for the area?
Built in 1980, it is newer than the average Winnipeg home. However, on its own street, it is slightly older than the average, placing it in a mature, established part of the neighborhood.