Property Overview
31 Granby Bay is a well-established home in Winnipeg's Meadowood neighbourhood. Built in 1975, it offers 1,077 square feet of living space on a notably generous 5,200 square foot lot. Its recent sold price history and current assessed value position it as a competitively priced option within its immediate area.
Key Characteristics & Appeal
This home’s primary appeal lies in its efficient scale and above-average lot size for its street. The living space is practical for a smaller household, while the lot size ranks in the top 15% on Granby Bay, offering more outdoor space than many neighbouring properties. This creates a valuable balance for those seeking manageable indoor maintenance without sacrificing yard potential.
The home suits first-time buyers or downsizers looking for an entry point into a stable neighbourhood without a premium price tag. Its assessed value is consistently "around average" across all comparison levels, suggesting it is priced fairly according to municipal metrics. A thoughtful perspective is that a home of this era and size often presents a clear canvas; it may appeal to buyers who prioritize the value of the land and location and are prepared to gradually update the interior to their taste. Its appeal is one of practicality and potential rather than immediate luxury.
Frequently Asked Questions
1. How does the lot size compare to nearby homes?
The 5,200 sqft lot is a standout feature, ranking in the top 15% on Granby Bay. It is larger than the street average (4,560 sqft), offering more private outdoor space than many direct neighbours.
2. Is the home’s assessed value typical for the area?
Yes. The assessed value of $38,100 is consistently around the average when compared to homes on the same street, in Meadowood, and across Winnipeg. This indicates the property is valued in line with local norms.
3. What does the sold price history indicate?
The home sold between $400,000-$450,000 in 2023, which placed it in the top 20% of sales on its street at that time. This suggests strong market interest and a value that has appreciated since its previous sale in 2016 for $250,000-$300,000.
4. Who might this property be best suited for?
It is an excellent fit for first-time buyers or those looking to downsize into a single-family home with a substantial yard. Its efficient size and average valuation make it a practical, lower-risk entry into the market.
5. How can I get the exact historical sold price?
The exact sold prices are not publicly displayed. You can request them via email through the listing page. The service is manual, with a promise of a reply by the end of the same day and no unsolicited marketing use of your contact information.