Property Overview
This 2015-built home at 116 Luzon Bay in Winnipeg’s Rosser-Old Kildonan area presents a unique value proposition. With 1,587 sqft of living space on a 5,952 sqft lot, it offers modern living in a well-established neighbourhood. Its assessed value of $492k positions it as a more accessible entry point on its own street, where average values are significantly higher.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of space, age, and value. It’s a newer home (2015) that is above average in age compared to most of Winnipeg, yet it sits on a larger-than-average lot for its immediate street. This combination is somewhat rare: you get a modern build without the postage-stamp lot size often found in newer subdivisions.
Its value is contextual. While its assessed value is below the average for Luzon Bay and the broader Rosser-Old Kildonan area, it is above the Winnipeg citywide average. This suggests you are purchasing in a desirable pocket, but potentially at a relative discount compared to your immediate neighbours. The home last sold in July 2021 for between $500k-$550k, indicating its assessed value is in a realistic ballpark.
This home would suit a practical buyer looking for a modern, low-maintenance property in a quiet neighbourhood without paying a premium for the largest home on the block. It’s ideal for small families, professionals, or downsizers who value a newer construction year and a decent-sized yard over having the absolute most square footage. It also appeals to the value-conscious buyer who understands that being "below average" on a street of newer, high-value homes can represent a smart entry point into that location.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
The data suggests it is. With an assessed value notably below the street average ($492k vs. $613.5k) and a living area also below average, it represents a more affordable option on Luzon Bay. You’re buying into the same location and era of homes, but at a lower price point.
2. What does the lot size mean for me?
At nearly 6,000 sqft, the lot is larger than most on Luzon Bay. This is a key advantage, offering more outdoor space for gardening, play, or entertaining than many of its neighbours, while still being very manageable.
3. The home is "below average" in size for the street. Should I be concerned?
This depends on your needs. The living space (1,587 sqft) is ample by citywide standards (top 26% in Winnipeg) and is typical for many modern families. It means you may get less interior space than some neighbours, but you’re also likely paying proportionally less, and you gain a larger lot.
4. How reliable is the sold price data from 2021?
The sold price range of CA$500k–550k is based on publicly available data. For fully verified and exact historical transaction figures, you would need to request a manual lookup from the site, as they do not have access to MLS sales records.
5. The home is newer than most in Winnipeg, but not on its street. What are the implications?
Built in 2015, the home is significantly newer than the Winnipeg average (1966), suggesting modern building standards and less immediate need for major updates. On its street, where the average build year is 2017, it’s just slightly older, so you benefit from the overall modern character of the area without necessarily having the very latest fixtures.