Property Overview: 86 Perry Bay, Mission Gardens, Winnipeg
Section 1: Key Characteristics & Appeal
This 1976 bungalow in Mission Gardens presents a balanced offering for buyers seeking established neighbourhood character. With 998 sqft of living space, the home is modestly sized but efficiently laid out, ranking around average for its immediate street and area. Its standout feature is the 5,772 sqft lot, which is notably larger than many in the Mission Gardens area, offering valuable outdoor space and potential.
The appeal lies in its strong positional value within its micro-market. While the home's size is below the citywide average, its assessed value of $360k ranks well above average for Perry Bay itself (top 28%). This suggests the property is viewed favorably relative to its direct neighbours, likely due to its lot size and the fact it is the newest home on the street (ranked #1 of 40 for year built). The sale history indicates stable value, having last sold between $350k-$400k in 2021.
This property would suit a first-time buyer, downsizer, or value-focused investor looking for a lower-maintenance home with a generous yard in a mature neighbourhood. It’s for someone who prioritizes land size and a stable, established street over a larger interior footprint. The data suggests a buyer who understands that a home's value on a specific street can often outweigh broader city averages.
Section 2: Frequently Asked Questions
1. Is the house smaller than average?
Yes. At 998 sqft, the living area is below the Winnipeg citywide average. However, it is much closer to the average size for both Perry Bay (1,009 sqft) and the Mission Gardens area (1,162 sqft).
2. Why is the assessed value relatively high for the street?
The assessment of $360k ranks in the top 28% on Perry Bay. This is likely influenced by its larger-than-area-average lot and its status as the newest home on the block (built 1976), which may imply updates or condition advantages over older neighbours.
3. What does the lot size offer?
At 5,772 sqft, the lot is over 400 sqft larger than the Mission Gardens area average. This provides more private outdoor space than many comparable properties, which is a significant perk in a mature neighbourhood.
4. How stable has the property's value been?
It last sold in the $350k-$400k range in 2021. Its current $360k assessment aligns closely with that sale price, indicating steady market value over the last few years.
5. Where can I see more detailed neighbourhood comparisons?
You can open the dedicated neighbourhood analysis page for a map and detailed comparisons with nearby houses on factors like year built, lot size, and assessed value. A link is provided in the full property details.