72 Silver Springs Bay

Property Overview

This well-situated home at 72 Silver Springs Bay in Winnipeg’s Eaglemere neighbourhood presents a solid, above-average offering. Its key appeal lies in a combination of generous space, a desirable lot, and a valuation that signals strong standing within its immediate area. Built in 1999, the 1,583 sqft one-storey home features a renovated basement and an attached garage. The 7,632 sqft lot is notably larger than most in both the street and neighbourhood context. The home’s assessed value places it in the top 10% on its street and the top 5% in Eaglemere, indicating it is considered a premium property within these local markets. This suggests not just a well-maintained home, but likely one with updates or features that exceed the local norm.

The property would suit buyers looking for established, spacious living in a mature neighbourhood without an older home’s typical renovation demands. It’s ideal for those who value a large private yard and single-level living. The data suggests it particularly appeals to a buyer who prioritizes a strong value proposition relative to immediate neighbours—owning one of the more prominent homes on the block—rather than just city-wide comparisons. It’s a practical choice for empty-nesters seeking room for family visits or professionals wanting a home office and outdoor space, all within a community that has settled character.

Frequently Asked Questions

Q: How does this home truly compare to others in the area?
A: The data shows it stands out locally. While its living space is average for Eaglemere, its assessed value is in the neighbourhood’s top 5% and it sits on a lot size in the top 14%. This indicates it is likely viewed as a higher-quality or better-improved property on a premium-sized parcel compared to its peers.

Q: What does the "renovated basement" include?
A: The listing confirms the basement is renovated but does not specify the scope. Viewing the property or requesting details from the listing agent is necessary to understand the finish quality, layout, and whether it includes legal secondary suite potential or additional bedrooms.

Q: The home was last sold in March 2021. Is the current price reasonable?
A: The 2021 sale price was $47.50k. The current assessed value is $54.80k. This increase reflects market changes and any improvements made. Its valuation now places it significantly higher relative to neighbours than it did three years ago, which is a key point for negotiation and appraisal.

Q: Is the lot a usable shape and size for gardening or additions?
A: At 7,632 sqft, the lot is substantially larger than the Eaglemere average (~6,065 sqft). This provides excellent potential for gardening, outdoor living, or future additions like a deck or garage expansion, subject to local bylaws.

Q: As a one-storey home, are there any potential concerns?
A: Bungalows often have a larger roof and foundation footprint relative to living space, which can mean marginally higher costs for replacements like roofing. However, the 1999 build date means major components are not yet at typical end-of-life, and the single-level layout offers excellent accessibility and easy living.