Property Overview
This home at 26 Keith Black Bay in Winnipeg's River East neighborhood presents a well-sized family residence on a generous lot. Built in 1982, its 1,887 sqft of living space and 8,591 sqft land area consistently rank above average for its street, neighborhood, and the wider city. The assessed value of $505k reflects its standing as a premium property within its immediate area. It last sold in late 2022 for an estimated $450k–$500k.
Key Characteristics & Appeal
The primary appeal of this property lies in its above-average scale and established position in a mature neighborhood. It offers more interior space and a larger lot than most comparable homes in Winnipeg, providing room for family life, gardening, or outdoor recreation. Its value is notably strong within River East, ranking in the top 10% of the neighborhood.
This home would best suit buyers looking for a move-in ready, spacious property in a settled community without venturing into newer, outlying subdivisions. It’s ideal for those who prioritize indoor and outdoor space over a brand-new build and appreciate a home that holds solid equity and stature relative to its peers. A thoughtful perspective is that while the home is from the early 80s, its above-average rankings suggest it has been maintained or configured in a way that has kept it competitive, possibly through updates or its original build quality.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
Very favorably. With 1,887 sqft, it is larger than approximately 85% of similar homes in River East and 86% of those city-wide. On its own street, it is the third-largest of ten comparable properties.
2. Is the assessed value of $505k typical for the area?
It is higher than typical. The assessed value ranks in the top 20% on its street and the top 10% within the broader River East neighborhood, indicating it is considered a higher-value home in this locale.
3. What can the 2022 sale price tell me?
The home sold for an estimated $450k–$500k. This range places that sale price in the top 12% for the neighborhood at the time, showing a history of strong market performance. Exact figures require a manual records request.
4. How does the lot size benefit a buyer?
The lot of 8,591 sqft is substantially larger than average, offering more private outdoor space than about 91% of comparable city lots. This allows for greater potential for landscaping, additions, or recreational space.
5. The home was built in 1982. Should I be concerned about major updates?
The year built is average for the street but newer than many Winnipeg homes. While systems like the roof, windows, or furnace may be due for inspection or updates based on their lifespan, the home’s consistent above-average rankings suggest it has been a competitive and well-regarded property in its market.