Property Overview: 27 Rizzuto Bay, Mission Gardens, Winnipeg
Section 1: Key Characteristics & Appeal
This 833 sqft bungalow, built in 1978, sits on a generous 5,299 sqft lot in the Mission Gardens neighbourhood. Its key appeal lies in a balance of established community and relative value. While the living space is notably compact compared to most area homes, the property holds its own with an assessed value that is consistently average for its street, neighbourhood, and city. A standout feature is its build year; on its own street, it ranks as the newest home, suggesting potentially fewer age-related issues than its immediate neighbours.
The property would suit a first-time buyer, downsizer, or pragmatic investor seeking an entry point into a stable Winnipeg neighbourhood without a premium price tag. The large lot offers valuable outdoor space or future expansion potential, which is a significant asset not fully reflected in the current home size. It’s a home for those who prioritize land and location over square footage, understanding that the value may be in the underlying property rather than the existing structure.
Section 2: Frequently Asked Questions
1. Is the home’s smaller living area a concern?
Yes, it’s a defining characteristic. At 833 sqft, it is significantly below the average for the area. Buyers should be comfortable with a compact layout or have a plan for a potential future addition, for which the lot size provides room.
2. What does the “Elite” ranking for year built mean?
This indicates 27 Rizzuto Bay is the newest house on its street (ranked 1 out of 38). In practical terms, it may have younger major components, like the roof or furnace, compared to its immediate neighbours, which can mean lower near-term maintenance costs.
3. How does the assessed value relate to market price?
The assessed value ($35,600) is for municipal tax purposes. The last known sale (2021) was in the $300k-$350k range. Market value is determined by current supply, demand, and condition, so a professional appraisal and comparative market analysis are essential.
4. What is the neighbourhood like?
Mission Gardens is an established, mature neighbourhood. The close proximity of similarly valued homes on streets like Woodfield Bay and Elmhurst Road suggests a consistent, mid-range property value environment without extreme highs or lows.
5. How can I find out the exact past sale prices?
The provider offers a manual service to share exact sold price history. You can submit your email request directly on the property page for a detailed reply, typically by the end of the same business day.