Property Summary: 50 Treger Bay, Valley Gardens, Winnipeg
Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1972, presents a compelling opportunity rooted in its immediate context. Its primary appeal lies in being a well-above-average home for its specific street. It ranks #3 for living area and #1 for year built among the 30 comparable homes on Treger Bay, offering more modern and spacious accommodation than most of its direct neighbors. The assessed value of $238k is also favorable on this street, positioned below the local average. This creates a smart value proposition: you're acquiring one of the larger, newer homes on the block without paying a premium for it.
The property suits practical, value-conscious buyers. It's ideal for first-time homeowners seeking a solid entry into a stable neighborhood, or for downsizers looking for a manageable single-level layout without sacrificing space. The lot, while smaller than the broader neighborhood average, is still generous for the street and offers good outdoor potential. A thoughtful perspective here is the "big fish in a small pond" advantage—the home stands out positively on its own street, which can contribute to pride of ownership and relative stability, even as it sits in a more modest position within the wider Valley Gardens and Winnipeg markets.
Frequently Asked Questions
1. Is this a good value for the money?
The data suggests it is a strong value within its micro-location on Treger Bay. You get more living space and a newer build than most direct neighbors, yet the assessed value is below the street's average. Compared to the wider neighborhood and city, the price is notably lower, reflecting the home's more modest positioning in those broader contexts.
2. What does the assessed value tell me about property taxes?
The $238k assessed value is the figure used by the city to calculate your annual property taxes. It's beneficial that this value is below both the street and city averages, as this should translate to proportionally lower tax bills compared to many similar homes.
3. The lot seems smaller than others in Valley Gardens. Is that a concern?
At 3,573 sqft, the lot is above average for Treger Bay but below the neighborhood average. This means ample yard space for a home on this street, but potentially less than some larger properties elsewhere in Valley Gardens. It's a manageable size for easy maintenance while still allowing for a garden or patio.
4. How does the 1972 build year affect the home?
Being the newest build on the street (ranked #1 of 30) is a positive, potentially indicating updated infrastructure compared to immediate neighbors. However, as a home over 50 years old, a standard professional inspection is essential to understand the condition of major systems like roof, plumbing, and wiring, regardless of its relative age.
5. Why are the rankings so different between the street, neighborhood, and city?
This highlights the importance of location scope. The home is a top-tier property on its own street. When compared to the entire, diverse Valley Gardens neighborhood and Winnipeg city-wide—which include many larger, newer, or more premium areas—it naturally ranks as more average or modest. This profile is typical for a well-kept home in an established, non-luxury area.