Property Overview: 22 Manby Avenue, Winnipeg
Key Characteristics & Appeal
This 1985-built home in River Park South presents a practical opportunity with a distinct balance of space and value. At 1,059 sqft, the living area is modest, ranking below average for its immediate street and neighborhood, but aligns closely with the Winnipeg citywide average. Its primary standout feature is the land: the 5,531 sqft lot is notably larger than most on Manby Avenue, ranking in the top 10% on the street, offering valuable outdoor space or future potential in a mature community.
The home’s appeal lies in its position as a grounded, entry-level option in a well-established area. With an assessed value of $390k, it sits below the street average but aligns with the city benchmark, suggesting a relatively affordable point of entry into the neighborhood. It recently sold for an estimated $450k-$500k, a price point that was competitive within its market. This property would suit first-time buyers or downsizers seeking a manageable home with a generous lot, without the premium price tag of a larger or fully updated house. It’s a home that prioritizes land over square footage, appealing to those who value outdoor space and see potential in the existing structure.
Frequently Asked Questions
1. Is the living space too small for a family?
While below the neighborhood average, the 1,059 sqft layout is functional. Its suitability depends on the family's size and needs, but the larger-than-average lot provides crucial compensatory outdoor space for play and entertaining.
2. How does the assessed value compare to the recent sale price?
The assessed value is $390k, while the home sold for an estimated $450k-$500k in late 2024. This difference is common, as assessed values for tax purposes often lag behind current market prices, which reflect recent buyer demand and conditions.
3. What does the lot size actually offer me?
Ranking in the top 10% on the street, the 5,531 sqft lot is a key asset. It provides ample room for gardening, a spacious backyard, or future additions like a shed or deck, which is a rarity compared to neighboring properties.
4. Are homes from 1985 likely to have major issues?
Built in 1985, this home is newer than the Winnipeg average. While this can mean more modern construction standards than older homes, key components like the roof, windows, and major mechanical systems (furnace, water heater) are likely nearing or past their typical lifespan and should be carefully inspected.
5. How can I get the exact sale price?
The public data shows a price range. Due to industry regulations, exact sale prices are not published online here. You can request the precise figure via email from the site, which they will provide manually without using your contact for marketing.