Property Overview: 77 Abraham Bay, The Maples, Winnipeg
Key Characteristics & Appeal
This 1978 four-level split home sits on a large, 7,258 sqft lot in The Maples, offering 1,580 sqft of living space. Its key appeal lies in its generous proportions, both in land size and interior space, which rank in the top tiers for the street and neighbourhood. The home presents a solid foundation with an unfinished basement, offering clear potential for future customization. While it lacks a garage and the interior may require updating, the value is anchored in the substantial lot and the functional split-level layout.
This property is well-suited for practical, value-oriented buyers. It’s ideal for a first-time homeowner willing to put in sweat equity over time, or an investor looking for a property with strong foundational metrics in a stable neighbourhood. The large yard is a significant asset for families, pet owners, or anyone wanting outdoor space. The home’s assessed value is notably lower than many in the immediate area, which can signal an opportunity for equity growth through renovations, making it attractive to those with a longer-term vision rather than someone seeking a turn-key property.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The 7,258 sqft lot is a standout feature, ranking in the top 6% for size within the entire neighbourhood. It is significantly larger than many nearby properties, offering ample outdoor space.
2. The home last sold in 2016. What does that sales price indicate?
It sold for $25.5k in 2016, which was below the typical price for the neighbourhood and city at that time. This historical price, combined with the current assessed value, suggests the property has often been valued as a project or opportunity, rather than a renovated, premium listing.
3. What does the "four-level split" layout mean for daily living?
This layout creates distinct, separated living zones across four half-levels, which can provide good privacy between living, sleeping, and potential recreation areas. It does involve more stairs than a bungalow or two-story, which is a consideration for mobility.
4. The assessed value seems low for the living and lot size. Why?
Assessed value for municipal taxation doesn't always equal market value, but a lower assessment can reflect the home's condition and unfinished state. It indicates the property has significant potential to increase in market value with renovations, as the underlying assets (lot size, square footage) are strong.
5. What is the immediate neighbourhood like?
Based on the data, the immediate street consists primarily of homes built in the 1970s, with this home being one of the newer ones on the block. The high rankings for lot and living size on the street suggest the homes are established and of varying scales, with this property being one of the more substantial ones.