Property Overview
79 Oakridge Bay is a compact, single-family home built in 1972, situated on a modest lot in Winnipeg's Minnetonka neighbourhood. Its key characteristics are defined by how it compares to nearby and city-wide benchmarks. The home's 833 sqft living area is notably smaller than most peers on its street and in the broader area. Similarly, its 5,007 sqft lot is the smallest among the 29 properties on Oakridge Bay. The assessed value is below average for the immediate vicinity but aligns more closely with the Winnipeg average. A standout data point is the home's year of construction, which ranks in the top 3% on its street, indicating it is one of the newest homes in that specific grouping.
The appeal of this property lies in its potential as an efficient, lower-maintenance entry point into homeownership. Its below-average assessed value suggests a potentially accessible price point for first-time buyers or investors. The smaller scale translates to manageable upkeep and utility costs. It would best suit a buyer with practical needs—someone looking for a cozy starter home, a downsizer seeking simplicity, or an investor interested in a rental property with a relatively modern build date (for its immediate area). A thoughtful perspective is that while the lot is small by street standards, its city-wide ranking is around average, offering a balanced outdoor space without excessive maintenance. The fact it's one of the newer homes on the block could also imply fewer immediate concerns about aging core components compared to older neighbours.
Frequently Asked Questions
1. Is this a small house?
Yes. At 833 sqft, the living area is below the average for homes on Oakridge Bay, in the Minnetonka area, and across Winnipeg. It is a compact, efficiently sized property.
2. Why is the assessed value much lower than the city-wide "comparable home" average of $390k?
The $390k figure appears to be a notable discrepancy in the provided data. The more relevant comparisons are the local averages: $37.6k on its street and $45.8k in the Minnetonka area. The assessed value of $34.5k is consistent with these local benchmarks. Always verify current assessment and market values through official sources.
3. What does the "Elite — Top 3%" ranking for Year Built mean?
This means that among the 29 comparable homes on Oakridge Bay, 79 Oakridge Bay, built in 1972, is the newest or among the very newest. This is a relative strength within its immediate micro-neighbourhood.
4. How does the lot size compare?
The lot is 5,007 sqft. It is the smallest lot among the 29 properties on Oakridge Bay. However, compared to the entire city of Winnipeg, the lot size is around the 54th percentile, making it fairly average in a broader context.
5. Where can I see more detailed context about the neighbourhood?
You can use the provided link to "Open neighbourhood map analysis" to view this property on a map alongside nearby houses, allowing for a detailed visual comparison of year built, living area, assessed value, and lot size.