Property Overview: 109 Luzon Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 109 Luzon Bay is a well-positioned, modern property in Winnipeg's Rosser-Old Kildonan area. Built in 2016, it offers 1,889 sqft of living space on a roughly 5,850 sqft lot, with a current assessed value of $613,000.
Its primary appeal lies in its strong citywide standing. The living area is notably larger than most Winnipeg homes, placing it in the top 14% city-wide. Similarly, its assessed value ranks in the top 7% compared to the city average, suggesting a premium property in the broader market. Within its immediate neighborhood and street, however, it presents as more of a solid, average contender—neither the newest nor the largest on the block, but comfortably holding its own among peers. This creates an interesting dynamic: you're acquiring a home that stands out significantly compared to the wider city, yet integrates seamlessly into an established, modern subdivision.
The property would suit buyers looking for a move-in ready home from the last decade, who value space and a strong overall investment profile over having the absolute newest build on the street. It’s ideal for someone who wants the amenities of a modern community without being on the frontier of new development, and who appreciates a home that has already demonstrated stable value growth through past sales.
Section 2: Frequently Asked Questions
1. How does this home truly compare to its neighbors?
While its size and value are above average for Winnipeg, on Luzon Bay itself it is very typical. The living area is just below the street average, the lot size is slightly above, and the assessed value is almost identical to the street average. This indicates a consistent, established street of similar-quality homes.
2. What do the past sale prices indicate?
The home sold in 2016 and again in 2020. The sold price ranges show it appreciated into a higher price band within four years, suggesting healthy market growth during that period. For exact historical sale figures, a manual lookup request is required.
3. Is the assessed value a reliable indicator of market price?
The assessed value is for municipal tax purposes and is a formal estimate, but not a guaranteed sale price. It is, however, a strong benchmark. This home's assessment is significantly above the Winnipeg average, which typically correlates with a higher market value.
4. What are the less obvious considerations for this property?
Two points stand out. First, being built in 2016, it is newer than 94% of homes in Winnipeg, but on its own street, it's actually slightly older than average. Second, the lot size is generous for the street but modest compared to some larger lots in the wider Rosser-Old Kildonan area.
5. How can I verify the exact historical sale data?
The provided sold price data is presented in ranges. To obtain the precise sale figures from 2016 and 2020, you must request a manual lookup via email, as this site does not display MLS transaction records.