Property Overview
27 Trowbridge Bay is a well-situated home in Winnipeg's River Park South neighborhood. Built in 1985, it stands out on its street as one of the newest homes. With 870 square feet of living space on a 4,575 square foot lot, it presents a more compact and manageable footprint compared to many area homes. Its assessed value is positioned around the citywide average, offering a potentially accessible entry point into a stable community.
Key Characteristics & Appeal
This home’s primary appeal lies in its efficiency and location. It is notably newer than most homes in Winnipeg and is the newest on its street, which can suggest updated building standards and potentially lower immediate maintenance needs. The smaller living area and lot size translate to less upkeep, making it a true low-maintenance property. This is ideal for first-time buyers, downsizers, or investors seeking a straightforward rental property. Its assessed value is sensible for the city, and it sits in an established neighborhood with higher-valued homes nearby, offering stability and the chance for gradual equity growth without the premium price tag of a larger house.
The property suits practical buyers who prioritize location and simplicity over square footage. It’s for someone who sees a smaller home not as a limitation, but as an opportunity to own in a good area without paying for space they don’t need. The data suggests you are buying into a street and neighborhood where most homes are larger and more valuable, which can be a strategic way to enter a desirable market.
Frequently Asked Questions
1. Is the smaller living area a concern?
While the living area is below average for the street and neighborhood, it reflects a more efficient use of space. This can mean lower utility costs and less time spent on cleaning and maintenance, which is a significant advantage for many lifestyles.
2. How does the assessed value compare?
The home’s assessed value of $378k is below average for its immediate street and neighborhood, but aligns closely with the average for the entire city of Winnipeg. This indicates you may be getting a value-oriented price for the location.
3. What does the "newer" year built mean for me?
Being built in 1985 and ranked as the newest on its street is a positive. It often implies that major components like wiring, plumbing, and insulation may be more modern than in older Winnipeg homes, potentially reducing the risk of costly, immediate repairs.
4. Why is the lot size smaller than others on the street?
The lot is the smallest on Trowbridge Bay. For many, this is a benefit: it means less yard work and lower exterior maintenance costs. It still provides adequate private outdoor space without the burden of a large plot.
5. How reliable is the past sold price information shown?
The site notes that sold price data is from public sources, not the MLS, and is presented in ranges. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as industry rules prevent displaying official MLS records here.