Property Overview: 6 Joy Place, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 6 Joy Place is a practical, no-fuss property in Winnipeg's Leila-Mcphillips Triangle neighborhood. Its key characteristic is balance: it sits comfortably around average for assessed value both on its street and in its immediate area. Built in 1990, it is a newer construction compared to many Winnipeg homes, which can mean fewer concerns about aging major systems.
The appeal lies in its efficient footprint. With 1,050 sqft of living space, it is notably compact compared to neighbors, offering a manageable layout that suits simpler living without excess space to maintain. The lot size of 6,494 sqft is generous for the city overall, providing good outdoor space despite being smaller than others on Joy Place. This combination suggests a property focused on essentials rather than grandeur.
It would best suit first-time buyers or downsizers seeking an affordable entry into the market with a home that is relatively modern. It’s also a sensible fit for value-oriented investors or owners who prioritize a larger yard over a larger house and prefer a property that doesn’t stand out on the tax roll.
Section 2: Frequently Asked Questions
1. How does the property’s size compare to nearby homes?
The living area is compact at 1,050 sqft, making it the smallest among the eight homes on Joy Place. This efficiency can be a benefit for lower utility costs and easier upkeep.
2. Is the assessed value typical for the area?
Yes. The assessed value is around the median for both the immediate street and the broader Leila-Mcphillips Triangle area, indicating it is priced consistently with its surroundings and not an outlier.
3. What does the sold price history indicate?
Records show it last sold between $400k-$450k in 2022. This sale price was above the city-wide average at the time, suggesting the property holds its value in the broader market context.
4. How does the lot size impact its value?
While the lot is smaller than others on its street, it is still above average for Winnipeg overall. This offers a good balance of outdoor space without the burden of an excessively large yard to maintain.
5. What is the significance of the 1990 build year?
Built in 1990, the home is newer than over 75% of properties in its neighborhood and across Winnipeg. This relative newness often translates to more modern construction standards and potentially deferred maintenance costs compared to much older homes.