Property Overview: 22 Rampart Bay, Winnipeg
Key Characteristics & Appeal
This 1,032 sqft bungalow, built in 1954, sits on a 3,139 sqft lot in the Maybank neighbourhood. Its primary appeal lies in its strong standing within its immediate community of Rampart Bay. The home ranks in the top 7% for living area and the top 18% for assessed value on its own street, indicating it is a larger and more valuable property compared to its direct neighbours. Notably, it is the oldest home on the street, which can suggest a well-established, mature streetscape.
The property suits practical buyers looking for a solid, above-average home in a settled area without the premium of a new build. It’s ideal for someone who values space and character within their immediate block over having a large lot. The historical sale prices (between $200k-$250k in 2016 and 2018) and a current assessed value of $260k suggest a stable market history. A thoughtful perspective is that this home represents a "big fish in a small pond" scenario—it outperforms its close peers but is more average or below average when compared to the wider Maybank area or city, which could appeal to buyers prioritizing relative value and community stature over city-wide comparisons.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
While it ranks highly on its own street for size and value, it falls below the Maybank neighbourhood average for assessed value and land area. This means you're getting a well-sized home for the street, but the lot is smaller than many in the broader area.
2. What does it mean that this is the oldest home on the street?
Being built in 1954 makes it the oldest on Rampart Bay. This often means the home has mature landscaping and is part of the original neighbourhood fabric. It also implies that major systems (roof, wiring, plumbing) may have been updated over time, so inquiring about renovations is key.
3. The assessed value is $260k, but past sales were lower. Why?
The assessed value is for municipal tax purposes and can differ from market value. The increase from past sale prices (in the $200k-$250k range) to the current assessment could reflect market changes, improvements, or the assessment cycle. Always base your offer on current market conditions and a professional appraisal.
4. Is the lot size a disadvantage?
At 3,139 sqft, the lot is below average for both Maybank and Winnipeg. This means lower maintenance, which is a plus for many. However, it may limit expansion possibilities or the desire for extensive outdoor space compared to other properties in the city.
5. How can I find out the exact past sale prices?
The listed sale prices are ranges from public data. As noted on the detail page, you can request the exact historical sale prices by emailing the listing service. They provide this information manually without using your email for unsolicited marketing.