Property Overview
This 1,040 sqft one-storey home at 8 Bayfield Avenue in Winnipeg's Lavalee neighbourhood presents a straightforward, mid-century property built in 1957. It sits on a roughly 5,900 sqft lot with a detached garage. The home's key appeal lies in its strong positioning within its immediate area. While its size is typical for the city, it stands out on its own street with an above-average assessed value and is one of the newer homes on the block. This suggests a well-maintained or updated property that holds its value well in a local context. It would suit a first-time buyer or downsizer looking for a manageable, single-level home in an established neighbourhood, offering more value relative to its direct neighbours than in the broader Winnipeg market.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks well among the nine homes on Bayfield Avenue. It's in the top third for living area, top quarter for assessed value, and is one of the newer properties, indicating it may be in better condition or have seen more updates than several of its neighbours.
2. Is the assessed value a reliable indicator of the selling price?
The assessed value of $29,700 is for municipal tax purposes and is historically low for a residential property, suggesting this data may reflect an outdated assessment or a unique classification. The last recorded sale in 2020 was in a similar range ($25.5k-$28.5k), but current market value would be determined by recent comparable sales and condition.
3. What does the "around average" city-wide ranking mean?
For most metrics like size and year built, this home falls within the middle range of all Winnipeg properties. Its assessed value ranks in the bottom 30% city-wide, but this is likely due to the specific, low valuation figure rather than the home's actual market worth.
4. Who would this property best suit?
Its single-storey layout and modest square footage make it ideal for those seeking minimal stairs, such as first-time buyers, downsizers, or investors. The detached garage and average-sized lot offer typical outdoor space and storage for the area.
5. How can I find out the exact historical sale prices?
The provider notes that sold prices shown are estimated ranges from public data. They offer to provide the exact sale price history via email upon request, stating they will respond manually and not use the address for unsolicited marketing.