31 Byron Bay

Property Overview

31 Byron Bay is a well-situated, one-storey home in Winnipeg's Kirkfield neighbourhood. Built in 1960, it features 1,050 sqft of living space and a renovated basement. The property stands out for its generous 8,321 sqft lot, which is significantly larger than most in the area, city, and on its own street. Its assessed value is notably above average for Byron Bay itself. The home sold in June 2024.

Key Characteristics & Appeal

This home’s primary appeal lies in its land. The lot size is a substantial asset, offering ample outdoor space for gardening, recreation, or future expansion—a rarity, especially within its immediate vicinity. The renovated basement adds functional living space. While the living area is average for the market, the above-average assessment on its street suggests the property is viewed favorably relative to its closest neighbours.

It would suit a buyer looking for a solid, no-frills home with exceptional yard space in a mature neighbourhood. It’s ideal for someone who values outdoor privacy and potential over a large interior footprint or modern amenities like a garage or pool. The recent sale also provides a clear, current market benchmark for value.

Frequently Asked Questions

1. How does the lot size compare to nearby properties?
The lot is exceptionally large. It ranks in the top 10% on its street and city-wide, and is about 1,300 sqft larger than the average lot in the Kirkfield area.

2. What does "renovated basement" typically mean here?
While specifics aren't listed, in a 1960s home this usually indicates updated finishes and likely a conversion to livable space, such as a family room or additional bedrooms. Verification of permits and the scope of work is recommended.

3. The assessed value seems high for the street but average for the city. Why?
The assessment is above average compared to its 29 neighbours on Byron Bay (top 24%), indicating it may have features or conditions valued higher than those immediate comparables. City-wide, it aligns with the broader market average.

4. Is the lack of a garage a significant concern?
It depends on the buyer's needs. Many homes in mature neighbourhoods lack garages. The large lot does offer potential for adding a garage or shed, subject to local zoning regulations.

5. Where can I find the exact sold price from June 2024?
The exact sold price is not publicly displayed in this summary. The listing service provides a range and offers to send the precise figure via email upon request, which they handle manually.