Property Overview: 55 Granby Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This 935 sqft bungalow in Meadowood, built in 1979, presents a practical and affordable entry point into Winnipeg’s housing market. Its key appeal lies in its balance of a newer build date relative to its immediate neighbours and a modest, manageable scale. While the living space and lot size (3,463 sqft) are below the neighbourhood and city averages, this translates to lower maintenance and utility costs—a significant consideration for budget-conscious buyers. The home last sold in the $300k-$350k range in 2022, and its current assessed value is modest compared to many city-wide averages.
The property is particularly well-suited for first-time homebuyers, downsizers, or investors seeking a straightforward, no-frills property. Its standout characteristic is its age: built in 1979, it is notably newer than most homes on its street (ranking in the top 5%), which can suggest updated building materials and systems compared to older stock. This offers a subtle advantage for those wary of the maintenance issues common in much older homes. The appeal is one of practicality and efficiency rather than grandeur, ideal for someone prioritizing a solid, newer structure in a stable neighbourhood over expansive square footage.
Section 2: Frequently Asked Questions
1. Is this home a good value compared to others on the street?
The data suggests it offers a middle-ground option. Its assessed value is around the street average, but you get a home that is significantly newer than most on the block. You’re effectively paying for a more modern structure, albeit with less living space than some neighbours.
2. What does the below-average lot size mean for me?
The 3,463 sqft lot is smaller than many in the area. This means less yard work and lower outdoor maintenance, which is a plus for those seeking simplicity. However, it also limits potential for large additions, pools, or extensive landscaping.
3. How reliable is the "newer build" advantage?
While built in 1979, which is newer than many comparable homes, it is still a 47-year-old house. A thorough inspection is essential to determine the condition of the roof, windows, plumbing, and electrical systems, as updates will depend entirely on how previous owners maintained it.
4. Who determines the assessed value, and does it affect my property taxes?
The assessed value ($33,500) is set by the municipal authority for taxation purposes. It is not a market appraisal. Your property taxes will be based on this figure and the annual municipal mill rate. It’s notably lower than the city-wide average assessed value, which could indicate relatively lower property taxes.
5. Why do I need to email to get the exact past sold price?
Sold price data is not always publicly disclosed in full detail in Manitoba. The provider has compiled approximate ranges from available public records but offers to manually share the precise figure from their database upon request to ensure accuracy for serious buyers.