2 Bender Bay

Property Overview: 2 Bender Bay, Winnipeg

Key Characteristics & Appeal

This is a compact, 680 sqft bi-level home built in 1987, situated on a notably generous 4,671 sqft lot in the Leila-Mcphillips Triangle neighbourhood. Its key appeal lies in its balance of a very low financial entry point with a recently renovated basement and a detached garage. The home’s living space is significantly smaller than most in the area, which positions it as an affordable, no-frills option. However, the lot size is above average for its immediate street, offering valuable outdoor space and future potential that many similarly priced properties lack.

It would best suit a first-time buyer, an investor, or a downsizer seeking minimal upkeep and a modest mortgage. The buyer must be comfortable with a cozy interior layout, viewing the home as a functional starting point or a long-term land holding. Its value is more grounded in the land and its affordability than in the size or condition of the dwelling itself.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home’s very small size (680 sqft) relative to other houses. It is priced as a compact, entry-level property, not as a standard single-family home.

2. Is the small living area a major drawback?
It depends on your needs. For a single person, couple, or someone downsizing, it can be efficient and cost-effective. For a family, it would feel cramped. The renovated basement adds functional space, but the above-ground square footage is limited.

3. How does the lot size benefit me?
The lot is larger than many on the same street, providing more private outdoor space than you might expect. This is a key asset for gardening, recreation, or future expansion, subject to local zoning.

4. What does the sold price history indicate?
The last known sale was in 2019 for a price range consistent with its current low assessment. This suggests a stable, affordable market segment without dramatic price fluctuations, which can be appealing for budget-conscious buyers.

5. Who are the typical neighbours or buyers in this area?
The area features a mix of long-term residents and investors. Given the home’s profile, it likely attracts practical buyers looking for an affordable way into homeownership with a manageable yard, rather than those seeking a move-in-ready, feature-rich property.