Property Overview & Appeal
This home at 5 Natalie Bay in Winnipeg's River East neighborhood presents a practical opportunity in a mature area. Built in 1970, its 1,215 sqft living space is squarely average for its street and city, offering a comfortable footprint without being oversized. The standout feature is the 8,170 sqft lot, which is notably larger than most in both the neighborhood and across Winnipeg, providing valuable outdoor space and potential.
Its appeal lies in its grounded value proposition. With a current assessed value of $338k, it sits below the average for its immediate street and area, which could signal a more accessible entry point into the neighborhood. The home suits first-time buyers or downsizers looking for a manageable house with a generous yard in a well-established community. It’s a property for those who prioritize land size and value over a modern or recently renovated home, appealing to a buyer with a vision for outdoor space or gradual updates.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
Not always. The assessed value of $338k is for municipal tax purposes. Recent sales history shows it last sold for between $400k-$450k in August 2024, which is a more current market indicator. The assessed value being lower than recent sale prices is common.
2. How does the lot size compare to typical Winnipeg homes?
Very favorably. The lot is over 8,100 sqft, placing it in the top 20% within River East and the top 11% city-wide. This is a significant asset, offering more privacy, gardening space, or room for additions than many properties.
3. The home was built in 1970. What should I consider?
While the construction date is typical for the area, it means essential systems (like roof, windows, plumbing, and electrical) are likely original or older. A thorough inspection is crucial to understand the condition and plan for potential updates or maintenance.
4. How does this property rank against its direct neighbors?
The data shows a mix. It has the newest build year on its street of seven homes, but the lowest assessed value. Its living area and lot size are around the street average. This suggests it may be a more modest offering on a street with some higher-valued homes.
5. Can I get the exact historical sale prices?
The site provides sold price ranges publicly. To obtain the exact figures, you must request them directly via email, as this data is not sourced from the MLS system. They state the information will be provided manually, typically by the end of the same day.