Property Overview: 562 Wilton Bay, Grant Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's established Grant Park neighbourhood. Its key characteristics include a 936 sqft living area, a renovated basement, a detached garage, and a notably large 5,183 sqft lot for the area. Built in 1956, it is newer than many homes on its street.
The primary appeal lies in its balance of location, lot size, and value. While the house itself is modest in size, the generous lot presents a significant opportunity for gardening, expansion, or future development. The renovated basement adds functional living space. Its assessed value is positioned below average for the immediate street but is aligned with broader area averages, suggesting it may offer relative value within a desirable location.
This property would suit first-time buyers or downsizers seeking a manageable home in a mature neighbourhood without a sprawling yard to maintain. It’s also a potential fit for a value-conscious buyer or investor who sees long-term potential in the substantial lot size, whether for personal use or as a future asset.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 936 sqft, the living area is below average for the street and city. However, the renovated basement provides additional finished space, making the total usable area more comfortable for a small household or couple.
2. Why is the assessed value lower than neighbours on the same street?
The assessment is likely influenced by the home's smaller size and older style compared to larger or more updated homes on Wilton Bay. This can represent a value entry point into the street and neighbourhood.
3. What can I do with such a large lot?
The lot is a standout feature. It offers ample space for a large garden, recreational area, or storage. It also provides a valuable buffer from neighbours and future potential for additions, subject to local zoning.
4. How does the recent sale price compare?
Public records indicate it last sold in late 2022 for an estimated range of $265k-$295k. For the exact sale price, you can request it via email from the listing source.
5. What is the neighbourhood like?
Grant Park is a long-established, central neighbourhood known for its tree-lined streets, proximity to the Grant Park shopping centre, and convenient access to major routes. This home offers a quiet, residential setting within that context.