Property Overview: 51 Gretna Bay, Winnipeg
Key Characteristics & Buyer Appeal
This 1976 bungalow in Meadowood presents a practical opportunity with a distinct character. At 906 sqft, the living space is notably compact, ranking below average for its street, neighborhood, and city. However, this is balanced by a nearly 5,000 sqft lot, offering generous outdoor space relative to the home's footprint. The property’s standout feature is its age relative to the immediate street—built in 1976, it is the newest home on Gretna Bay, which may suggest updated core systems or construction compared to direct neighbors.
Its appeal lies in its efficiency and potential. The below-average assessed value indicates a manageable entry point into the market. The combination of a smaller, maintainable interior with a larger lot suits those who prioritize yard space over square footage, ideal for gardening, pets, or future expansion. It last sold between $300k-$350k in 2020, providing a recent benchmark.
This home would best suit first-time buyers, downsizers, or value-focused investors seeking a lower-maintenance property with land. It’s a pragmatic choice for someone comfortable with a cozy interior who sees value in the outdoor space and the relative modernity of the structure on its block.
Frequently Asked Questions
1. Is the home’s smaller living area a concern?
While the 906 sqft floor plan is compact, it promotes efficient living and lower utility costs. The layout and condition inside will determine how livable the space feels, making a viewing essential.
2. What does it mean that this is the "newest" home on the street?
Built in 1976, it is newer than the average home on Gretna Bay. This can be an advantage, potentially indicating newer wiring, plumbing, or roofing compared to neighboring houses, but a specific inspection is needed to confirm the actual state of these components.
3. How does the lot size compare?
At 4,969 sqft, the lot is smaller than most on its street but is around the city-wide average. It provides a substantial yard for a home of this size, which is a key feature for buyers valuing outdoor space.
4. What is the significance of the assessed value?
The assessed value of $37,600 is for municipal tax purposes and is typically much lower than market value. The 2020 sale price of $300k-$350k is a more relevant indicator of its market worth, though prices have likely shifted since.
5. Can I find out the exact historical sale price?
Yes. The provider offers a manual service to email the exact sold price history upon request, as the prices shown are ranges based on public data.