79 Wiltshire Bay

Property Overview: 79 Wiltshire Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This 1969-built, four-level split home sits on a notably large lot (over 5,100 sq ft) in the Maginot neighbourhood. With 1,306 sq ft of living space, it offers a practical layout for growing families or those seeking distinct living zones. The home’s primary appeal lies in its strong positional metrics: the lot size ranks in the top 5% on its street, and the building itself is among the newest 2% in the immediate area. This suggests a property with above-average outdoor space and a relatively younger structure in a mature community.

The home would suit a value-conscious buyer looking for a solid foundation in a well-established neighbourhood. It’s ideal for someone comfortable with a home that has a functional but unrenovated basement and sees potential in the generous lot. The data indicates a buyer who prioritizes land size and the relative age of the property over recent interior upgrades. A thoughtful perspective is that while the 2019 sale price was below neighbourhood averages, the strong rankings for lot and building age hint at underlying value not fully reflected in past transactions, appealing to those with a longer-term view.

Section 2: Frequently Asked Questions

1. What does the "Top 2%" ranking for year built mean?
This means that among 64 homes on Wiltshire Bay, this 1969-built home is one of the newest. Only about 1-2 properties on the street are of a more recent construction, which can be an advantage for systems and structure in an older neighbourhood.

2. Why is there such a difference between the assessed value and the 2019 sale price?
Municipal assessed value for taxation purposes often differs from market sale price. The 2019 sale at $210k was significantly below the neighbourhood average at that time, which may have reflected the home’s condition or specific market factors. The current assessed value is a separate administrative valuation.

3. What are the implications of having an unrenovated basement?
It provides functional space as-is but represents a clear opportunity for future customization and added value. Buyers should budget for potential updates to suit their needs and consider it in their offering price.

4. How does the lack of a garage affect daily life and value?
This is a common feature in many older Winnipeg neighbourhoods. While it requires reliance on street parking, the very large lot (over 5,100 sq ft) presents a potential opportunity to add a garage or shed in the future, subject to city bylaws.

5. The home last sold below the area average. Is this a concern?
It can indicate a past sale under specific circumstances. The key is to understand why through a current inspection and comparison to today’s market. The property’s high rankings for lot size and building age suggest it has strong fundamental attributes that may not have been fully capitalized on previously.