Property Overview: 70 Bender Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 70 Bender Bay in the Leila-Mcphillips Triangle neighbourhood presents a practical and straightforward opportunity. Built in 1987, it is a newer construction compared to many Winnipeg homes, which can mean fewer concerns with aging infrastructure. With 905 square feet of living space, it is a comfortably sized bungalow, though its standout feature is the modest annual property tax burden, as indicated by its assessed value of $34,400.
The appeal here is one of efficiency and value. The home sits on a smaller lot (3,603 sqft), which translates to less yard maintenance—a plus for those seeking a low-maintenance lifestyle. It last sold in the $350k-$400k range in 2022, positioning it as an accessible entry point into the market. This property would best suit first-time buyers, downsizers, or practical investors looking for a functional home without the upkeep of a larger property. It offers a chance to live in a home that is newer than the city average, in a neighbourhood where it holds its own in terms of value, while freeing up resources for other priorities.
Section 2: Frequently Asked Questions
1. What does the assessed value really tell me?
The assessed value of $34,400 is used primarily for calculating municipal property taxes. It is not the market value. This low assessment suggests relatively low annual property taxes, which is a significant, ongoing cost savings for the owner.
2. How does the smaller lot size impact daily living?
The lot is below average in size for the street, neighbourhood, and city. This is a practical advantage for those who dislike yard work, but it does limit potential for large additions, extensive gardening, or adding detached structures like a large garage.
3. The home sold between $350k and $400k in 2022. What does that mean for today's price?
That sale price provides a historical benchmark, but current market conditions, interest rates, and any updates made to the home since then will determine its present value. It serves as a reference point for the home's price range in the recent past.
4. Is a 1987-built home considered "new"?
While not new, a 1987 build is significantly newer than the Winnipeg city-wide average (1966). This often means building materials, electrical systems, and insulation are more modern, potentially reducing immediate renovation needs compared to much older homes.
5. How does this home compare to others in the immediate area?
The data shows it's a home of contrasts on its street: it has a newer build year than most neighbours but a smaller footprint and lot. This indicates it might appeal to someone with different priorities than the typical homeowner on the block, potentially offering a unique value proposition.