Property Overview: 18 Bright Oaks Bay, Winnipeg
Key Characteristics & Appeal
This home at 18 Bright Oaks Bay is a practical and well-situated property in Minnetonka. Built in 1971, it is actually one of the newer homes on its specific street, suggesting a potentially more modern construction style for the immediate area. With 988 square feet of living space, it is a compact and manageable size, sitting below the average for both the neighbourhood and the city. This positions it as an efficient, lower-maintenance space.
Its primary appeal lies in its balanced metrics and the value of its lot. The assessed value is consistently around average across all comparison levels, indicating a stable and fair market valuation. A notable strength is the land area of 6,878 sqft, which is above average city-wide. This offers a generous outdoor space relative to many Winnipeg homes, presenting opportunities for gardening, expansion, or simply enjoying a larger yard.
This property would best suit first-time buyers, downsizers, or investors looking for a solid entry into the market. It offers a manageable home without an overwhelming footprint, coupled with a lot that holds inherent value. The data suggests it’s not an outlier in any extreme—it’s a grounded, typical property for the area, which can be a smart choice for those seeking predictability and potential in the land itself.
Frequently Asked Questions
1. Is the living space too small?
At 988 sqft, the home is cozier than the neighbourhood and city averages. It’s ideal for individuals, couples, or small families who prioritize efficient living and lower utility/maintenance costs over expansive square footage.
2. What does the "above average" year built ranking mean for the street?
While 1971 is a typical build year city-wide, it ranks in the top 14% on Bright Oaks Bay. This likely means most houses on the street are older, so this property may have comparatively newer systems, materials, or architectural features.
3. How stable is the assessed value?
The assessed value of approximately $391,000 is consistently around the middle of the pack—whether compared to the street, Minnetonka, or all of Winnipeg. This indicates a stable, non-speculative valuation that aligns closely with its surroundings.
4. Why is the land area considered a highlight?
The lot size of 6,878 sqft ranks in the top 18% city-wide. For a home of this size, the land-to-building ratio is excellent. This is a less obvious advantage that provides privacy, outdoor potential, and a tangible asset that often appreciates independently of the structure.
5. How can I find out the exact past sale price?
The listed sale price range is based on public data. To obtain the exact historical sale price, you can provide your email via the request form on the listing page. The service manually retrieves and sends this information, typically by the end of the same business day, without using your email for marketing.