14 Saturn Bay

Property Overview: 14 Saturn Bay, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This well-situated one-storey home in Beaumont sits on a generous 6,715 sqft lot, offering more land than over 70% of properties on its street. Built in 1962, the house itself is a manageable 1,199 sqft and features a renovated basement and a detached garage. Its current assessed value is $39,400.

The primary appeal lies in its established neighbourhood setting and strong relative standings. The property ranks highly for lot size within its immediate area, providing valuable outdoor space and potential. While the home is of average size for Winnipeg, its recent basement renovation adds modern livability. The data suggests it's a stable property in a mature community, not a flashy outlier but a solid performer within its context.

This home would suit a first-time buyer or downsizer looking for a low-maintenance, single-level layout in a settled area. It’s also a practical choice for a value-oriented buyer who appreciates a large yard and the flexibility of a renovated basement, without the premium price of a newer build. The strong rankings for lot size and assessed value within the neighbourhood indicate a property that holds its own, appealing to those seeking a sensible, long-term investment in a community.

Frequently Asked Questions

1. How does the 2016 sale price compare to today's value?
The home sold for $31,500 in December 2016. Its current assessed value is $39,400. This represents an increase, but it's important to note that assessed value is for taxation purposes; a professional appraisal or market analysis is needed to determine current market value.

2. Is the lot size a major advantage?
Yes. The property's lot is larger than 79% of lots in the Beaumont neighbourhood, which is a significant asset. This offers more private outdoor space, potential for gardening, expansion, or additions, and typically contributes to long-term value.

3. The home was built in 1962. What should I consider?
While the basement has been renovated, the core structure is 64 years old. A thorough inspection is essential to understand the condition of major aging components like the roof, plumbing, electrical systems, and the foundation.

4. How does it rank compared to nearby homes?
The home consistently ranks in the top 25-30% of its street and neighbourhood for key metrics like lot size and assessed value. This suggests it is a competitive property within its immediate area, though living area size is more average. Nearby comparable properties on Saturn Bay have similar assessed values.

5. What does the "Sold: Top -3% in same street" ranking mean?
This unusual figure (40th out of 39 properties) likely indicates the 2016 sale price was higher than the historical average for sales on that street at that time. It highlights that past sale price can be an outlier; current value should be evaluated based on present market conditions and the property's updated attributes, like the renovated basement.