Property Summary: 45 Blossom Bay, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, single-storey home in the Eric Coy neighbourhood, built in 1978. Its primary appeal lies in its generous 6,081 sqft lot, offering significant outdoor space that is rare for newer builds, and a fully finished basement that expands the usable living area beyond the 1,299 sqft main floor. The property presents a solid, grounded value proposition. It ranks highly city-wide for its lot size and assessed value, suggesting a good balance of land and improvement worth.
The home would best suit practical buyers looking for space and stability over modern luxury. It’s ideal for those who value a large yard for gardening, pets, or family play, and who appreciate the single-level living a bungalow offers. It’s a property for someone comfortable with a home of this vintage, likely seeing it as a canvas for gradual updates rather than a move-in perfect showcase. A less obvious perspective is its competitive positioning within its immediate street and broader community; while it ranks highly city-wide for value, it faces more competition within its own desirable neighbourhood, indicating a location where well-kept properties are the norm.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this home to others in the area. For example, its lot size ranks in the top 29% city-wide, which is a strong point. However, its living area is more average locally. This suggests you're paying primarily for the land and location, with the house itself being functional.
2. Is a 48-year-old home a concern?
It means major systems (roof, furnace, windows) may be at or past their typical lifespan. A thorough inspection is essential, but a well-maintained home of this age can also be very solidly built. Budgeting for eventual updates should be part of your plan.
3. Who benefits most from the finished basement?
The basement adds flexible space crucial for a single-storey layout. It’s ideal for a growing family needing extra bedrooms or a rec room, a professional wanting a home office separate from the main living area, or someone planning for multi-generational living.
4. How does the assessment value relate to the asking price?
The city's assessment ($457,000) is for tax purposes and is often lower than market value. However, its high percentile rank (top 24% in Winnipeg) indicates the city views it as a above-average property, which can be a positive signal for underlying value.
5. What’s the trade-off with a large lot?
A 6,081 sqft lot provides excellent private space but also means more yard maintenance. It's a benefit for those who enjoy gardening or outdoor living, but a consideration for those seeking a low-maintenance lifestyle.