112 Silver Springs Bay

Property Overview

This two-storey home at 112 Silver Springs Bay in Winnipeg's Eaglemere neighbourhood presents a compelling opportunity. Its primary appeal lies in offering substantial space and a premium lot that ranks highly not just locally, but across the entire city. Built in 2003, it strikes a balance between modern construction and established community maturity. The home features a renovated basement and an attached garage.

Key Characteristics & Appeal

The standout features of this property are its scale and its position within the market. With over 2,300 square feet of living space, it sits in the top 5% of homes citywide for size, offering ample room for family living, entertaining, or dedicated work-from-home areas. More notably, it occupies an expansive 11,637 sqft lot, which places it in the elite top 2% on its own street and top 4% in Winnipeg. This combination of a large, modern(ish) home on a truly generous parcel is rare.

Its appeal is to buyers seeking long-term space without sacrificing neighbourhood amenities. It would suit a growing family that values both indoor square footage and extensive outdoor potential—think gardens, play areas, or future additions. The "elite" rankings for size and lot suggest it's a standout property even within the desirable Eaglemere area, making it a target for buyers looking for a premium home that outperforms its immediate peers. The renovated basement adds functional, modern living space. A less obvious perspective is that its 2003 build date offers a sweet spot: it’s new enough to avoid major systemic issues common in older homes, yet old enough to be situated in a well-established, tree-filled neighbourhood.

Frequently Asked Questions

1. Why is the assessed value so much higher than the last sale price in 2019?
The 2019 sale price of $473,000 reflects the market conditions at that time. The current assessed value of $621,000 is a valuation for taxation purposes by the city, influenced by broad market increases, the home's standout characteristics, and recent sales of comparable properties in the area.

2. What does it mean that the home ranks in the "top 2%" for lot size on its street?
This statistical ranking means that of the 50 comparable properties on Silver Springs Bay, this home's lot size is number one. It has significantly more land than the street's average lot of approximately 6,065 sqft, offering greater privacy and potential.

3. Is the home in a flood zone or affected by any water issues?
While the provided details do not specify this, any home near a body of water like Silver Springs Bay warrants due diligence. Prospective buyers should always verify flood plain maps, review the property's history, and consider a thorough inspection for peace of mind.

4. The home is "above average" citywide for assessed value but "elite" for size. What does this indicate?
This suggests you are paying a premium primarily for the physical attributes—the very large home and the very large lot—rather than an inflated address premium. It can indicate strong intrinsic value based on tangible assets.

5. How does the 2003 build date compare to the neighbourhood?
With an average build year on the street around 1999, this home is slightly newer than many of its immediate neighbours. In the broader Eaglemere area, it's around the average age, indicating it fits seamlessly within a mature, established community rather than being an outlier.