9 Veronica Bay

Property Overview: 9 Veronica Bay, Margaret Park, Winnipeg

Key Characteristics & Appeal

This home at 9 Veronica Bay is a study in contrasts, offering a unique value proposition centered on its generous lot. The 1,040 sqft bungalow, built in 1967, presents as a modest, mid-century home in need of modernization. Its primary appeal lies not in the house itself, but in the land it occupies. With a lot size of 7,768 sqft, this property is in the top 5% within the desirable Margaret Park neighborhood, offering a rare and sizable canvas for outdoor living, gardening, or future expansion.

The home would best suit a specific type of buyer: a renovator, builder, or someone prioritizing outdoor space over turn-key interior finishes. It’s an opportunity to secure a large lot in an established area for a relatively accessible price point, as evidenced by its 2023 sale in the $300k-$350k range. The assessed value is strong for the local area, suggesting the lot size is already recognized in its valuation. This isn't a move-in-ready dream home; it's a foundation for one. The appeal is strategic—paying for potential and location over present-day perfection.

Frequently Asked Questions

1. What is the most significant feature of this property?
The standout feature is the exceptionally large lot (7,768 sqft), which ranks in the top 5% for size in the Margaret Park neighborhood. This land size is uncommon and represents the core value of the listing.

2. What condition is the home in?
The listing data focuses on metrics rather than condition, but the year built (1967) and the context of it being a value-opportunity suggest the interior likely requires significant updates, a renovation, or possibly even redevelopment to match the potential of the lot.

3. How does the property compare to others on the street and in the area?
The home is below average in living area for Veronica Bay but sits on a lot that is vastly larger than the typical Margaret Park property. This creates an interesting dynamic where the house is modest for the street, but the land holding is elite for the wider neighborhood.

4. Is this a good investment?
For the right buyer, yes. The combination of a high-demand location and an under-utilized large lot presents a classic value-add opportunity. The investment return would depend on the cost of renovations or rebuilding versus the future market value of an updated home on such a parcel.

5. How can I find out the exact price it sold for in 2023?
The exact sold price is not publicly displayed. The listing service provides a range ($300k-$350k) and offers to manually send the precise figure via email upon request, at no cost and with no marketing spam.