Property Overview: 74 Bernard Bay, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This home at 74 Bernard Bay is a well-established property in the Mission Gardens neighbourhood, built in 1976. Its primary appeal lies in its above-average living space. With 1,393 square feet, it ranks in the top 10% for size on its own street and the top 20% within Mission Gardens, offering more room than many immediate comparables. The lot size of 5,563 sqft is consistent with the city-wide average, providing standard outdoor space.
The data suggests a property that is a strong performer within its specific micro-market. While its assessed value is average for the area, the home has appreciated, with its 2024 sale price ranking in the top 26% for the neighbourhood—a significant jump from its 2017 sale ranking. This indicates growing demand for homes of this type and size in Mission Gardens.
It would suit a buyer looking for a spacious, mid-century home in a settled neighbourhood, who values interior square footage over a premium lot size. It’s a practical choice for someone who wants room to grow without venturing into newer, more sprawling suburbs, and for an investor or homeowner attentive to positive value trends within a specific community.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
It is notably larger than many homes on Bernard Bay and in the Mission Gardens area, ranking in the top 20% of the neighbourhood for living area.
2. What does the sold price history indicate?
The home sold in 2017 and again in 2024. The 2024 sale price placed it in a much higher percentile ranking locally compared to 2017, suggesting its market value has strengthened relative to the area in that time.
3. Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value for this property is around the neighbourhood average, but the recent sale price was well above the neighbourhood average. This is a common discrepancy where market demand outpaces assessed values.
4. How old is the home, and what might that mean?
Built in 1976, the home is 50 years old. This is newer than many on its street (top 10%) but around the average for the wider city. Buyers should budget for updates consistent with this age, such as roofing, windows, or mechanical systems.
5. Where can I see more detailed context about the location?
A neighbourhood analysis map is available, allowing you to view this property alongside nearby houses to compare year built, living area, assessed value, and lot size in detail.