Property Overview: 131 Luzon Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 131 Luzon Bay is a modern property, built in 2016, offering 1,456 sqft of living space on a standard city lot. Its primary appeal lies in its strong value position within the broader Winnipeg market. While the home is slightly smaller than many on its own street and in the Rosser-Old Kildonan neighbourhood, its assessed value of $605k is notably above the citywide average, placing it in the top 8% of Winnipeg. This suggests a perception of quality, a desirable location within the city, or features that assessors value highly relative to its footprint.
The property suits buyers looking for a relatively newer, low-maintenance home in a developed area. It’s ideal for those who prioritize modern construction and a solid investment profile over having the largest house on the block. A thoughtful perspective is that this home represents a "middle ground" on its street—it’s not the newest or largest, but it holds its value competitively. This could appeal to pragmatic buyers seeking a balanced entry into a stable area without paying a premium for the absolute top-tier properties nearby.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
At 1,456 sqft, the living area is below the average for both Luzon Bay street (1,907 sqft) and the Rosser-Old Kildonan neighbourhood (1,702 sqft). However, it is slightly above the average for the entire city of Winnipeg (1,342 sqft).
2. Why is the assessed value so high relative to its size?
The assessed value of $605k is above average for both the neighbourhood and city. This indicates that factors beyond pure square footage—such as construction quality, finishes, lot desirability, or interior layout—are contributing to its official valuation.
3. What is the recent sales history?
Records show the property sold between $450,000 and $500,000 in August 2021. For fully verified and exact historical sale figures, a manual lookup through the site’s email request service is required.
4. How does the lot size compare?
The lot is 5,323 sqft, which is very typical for the street and neighbourhood but slightly below the citywide average for comparable homes.
5. What are similar nearby properties like?
Immediate neighbours on Luzon Bay, built around the same time (2015-2018), vary in size and value. Examples include 117 Luzon Bay (1,720 sqft, $631k) and 135 Luzon Bay (1,354 sqft, $538k), illustrating the range of options in this specific micro-area.