Property Overview: 35 Bailley Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on land and modernity within a well-established Winnipeg neighbourhood. Built in 2002, it is a notably newer property compared to most in the Minnetonka area and across the city, potentially offering advantages in building materials, layout, and systems. The lot is a key feature: at over 6,100 sqft, it is larger than most on its street and above the city-wide average, providing ample outdoor space.
The appeal lies in this balance. The living area (902 sqft) is compact, suggesting a manageable, efficient layout ideal for low-maintenance living. When combined with the significant lot size, it creates an opportunity for expansion, gardening, or simply enjoying generous private outdoor space—a rarity for newer builds. Its assessed value is positioned around the average for its local area, indicating a stable, mid-range entry point into the market.
This property would best suit first-time buyers, downsizers, or practical investors seeking a modern home foundation on a substantial lot without the premium often attached to larger new constructions. It’s for those who prioritize land potential and a newer build over immediate square footage.
Frequently Asked Questions
1. Is the smaller living area a concern?
While below average in size locally, the efficient footprint pairs with a newer build (2002), which often means better use of space. The significant lot size (6,108 sqft) also offers future expansion potential, balancing the current living space.
2. How does the assessed value relate to likely market price?
The assessed value ($39.1k) is for tax purposes. Recent sale history shows it sold in the $300k-$350k range in 2019 and 2020. Market value will depend on current conditions, but this provides a historical benchmark.
3. What does it mean that this is a "newer" home in this area?
Built in 2002, it ranks in the top 5% for year built in Minnetonka, where the average home is from ~1975. This can mean fewer immediate repairs, updated electrical/plumbing, and potentially better energy efficiency compared to neighbouring properties.
4. How does the lot size compare meaningfully?
The lot is larger than all others on Bailley Avenue and is above the city-wide average. This is a less obvious advantage, providing more privacy, outdoor flexibility, and future potential than is typical for homes of this vintage and assessed value.
5. Where can I see more detailed context for this property?
A neighbourhood analysis map is available, allowing you to compare this home directly with nearby properties on metrics like year built, lot size, and assessed value to fully understand its position in the local landscape.