Property Overview: 42 Rizzuto Bay, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This 1978 bungalow on a large 10,368 sqft lot presents a compelling blend of space, location, and value. Its primary appeal lies in its generous land size, which ranks in the top 2% of the Mission Gardens area, offering significant outdoor potential. With 1,208 sqft of living space, the home is above average for its immediate street. A key, less obvious strength is its relative newness for the neighbourhood—built in 1978, it is the newest home on Rizzuto Bay, which may suggest updated infrastructure or materials compared to direct neighbours.
The property suits practical buyers looking for a solid foundation in a well-established area. It’s ideal for someone who values a large yard for gardening, family play, or future expansion over a brand-new home. The assessed value is steady and above average for the street, indicating a history of maintained value. This home would particularly fit a first-time buyer seeking room to grow, or a downsizer wanting single-level living without sacrificing outdoor space.
Frequently Asked Questions
1. How does the lot size compare practically?
The lot is exceptionally large for Mission Gardens, nearly double the area average. This means more privacy, space for additions like a garage or garden suite (subject to zoning), and a much larger yard than most in the area.
2. The home was last sold between 2021-2025. What does that mean for value?
The sale in the early 2020s likely reflects a market update. While the current assessed value is stable, the actual market value will be influenced by improvements made since that last sale and current conditions.
3. As the newest home on the street, are there any advantages?
Being newer than neighbouring homes can be an advantage in terms of potentially younger major components (like roofing, wiring, or plumbing) for its age, possibly resulting in lower immediate repair costs.
4. Is the living space smaller than the Winnipeg average?
Yes, at 1,208 sqft, it is below the city-wide average. This highlights the property’s trade-off: you are acquiring a premium-sized lot in a central neighbourhood, with a home that is adequately sized but not oversized.
5. What is the neighbourhood feel like given the ranking data?
The data suggests a mature, stable neighbourhood where homes vary in size and age. Having above-average metrics on its own street indicates this is one of the more substantial properties on the block, offering a sense of space within the community.