Property Overview
This 754 sqft bungalow at 7 Bernard Bay in Winnipeg's Mission Gardens neighborhood presents a specific and practical value proposition. Built in 1976, it sits on a 5,298 sqft lot. The home's key characteristic is its compact size, which places it well below the average living area for its street, neighborhood, and the wider city. Its assessed value of $33,200 is modest, ranking below average locally but closer to the city-wide midpoint.
The appeal here lies in efficiency and affordability. It suits first-time buyers, downsizers, or investors seeking a lower-cost entry point into the Winnipeg market. The lot size is fairly typical for the area, offering outdoor space without excessive maintenance. A thoughtful perspective is that this smaller, older home on a decent lot could represent a "blank canvas" opportunity—its value is rooted more in the land and location than in the existing structure, which may appeal to those with long-term renovation or redevelopment plans.
Frequently Asked Questions
1. Is this a small home compared to others in the area?
Yes, significantly. At 754 sqft, its living area is notably smaller than most comparable homes on Bernard Bay and in the broader Mission Gardens area.
2. What does the assessed value indicate?
The $33,200 assessment is below the average for its immediate street and neighborhood, suggesting a modest valuation. City-wide, it sits around the 60th percentile, indicating it is more aligned with average values across Winnipeg.
3. How old is the property, and what does that mean?
The home was built in 1976 (approximately 50 years old). On its street, it's actually newer than most, ranking in the top 10%. This could imply that major components, like the foundation or roof, might be from a similar era as neighbors but are not among the very oldest in the area.
4. Can I find out the exact historical sale price?
The listing indicates a sale occurred between 2017 for an estimated $250k-$300k. The exact sale price is not publicly displayed, but the service offers to provide it manually via email upon request.
5. What is the potential based on the lot size?
The 5,298 sqft lot is slightly below average for the street but is generally in line with the neighborhood and city typical sizes. This standard lot provides the usual potential for yard use, gardening, or future expansion, subject to local zoning regulations.