Property Overview: 88 Culross Bay, Winnipeg
Key Characteristics & Appeal
This home at 88 Culross Bay in the Meadows neighborhood presents a distinct profile. Built in 1984, it is one of the newer homes on its street, ranking in the top 4% there for its year of construction. The lot is a standard size for the area at just over 5,000 square feet. The most defining characteristic is its compact living space of 797 square feet, which is notably below the average for the street, neighborhood, and city. This results in a relatively low assessed value, which sits around the average for its immediate area but below the wider city average.
The appeal here is largely practical and financial. It suits first-time buyers, downsizers, or investors seeking an entry point into the Winnipeg market with lower property taxes. The recent sale in the $350k-$400k range suggests it’s positioned as a value option. It’s not a home for those needing ample indoor space, but rather for those who prioritize a newer build (for its street) and a manageable lot. A thoughtful perspective is that this property could represent an opportunity to add value through a thoughtful expansion or renovation, given the decent lot size and the home’s modern age relative to its direct neighbors.
Frequently Asked Questions
1. Is the living area too small for a couple or small family?
At 797 sqft, the home is compact. It would suit a single person, a couple, or potentially a very small family comfortable with efficient living. Its size is significantly below the neighborhood average.
2. Why is the assessed value so much lower than the city-wide average?
The city-wide average assessed value includes homes of all sizes and types across Winnipeg. This home’s assessed value is aligned with averages in the Meadows area, reflecting its smaller square footage.
3. What does it mean that the home is "Elite" for year built on its street?
This statistical ranking indicates 88 Culross Bay is one of the two newest homes among the 53 comparable properties on Culross Bay, having been built in 1984. It is newer than most of its immediate neighbors.
4. How recent was the last sale, and what was the price?
The home sold in 2024. The publicly available data shows a sold price range of CA$350,000 to $400,000. The exact sale price can be requested directly from the listing service.
5. What are the potential downsides of a home with below-average living area?
The primary consideration is space for belongings, guests, or home offices. Resale may appeal to a specific, narrower market. However, this is often balanced by a lower purchase price and ongoing property tax costs.