Property Overview: 107 Donegal Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct profile defined by its historical roots and land value. Built in 1922, it is one of the older homes on its street and in the Munroe East area. With a living area of 680 sqft, it is notably compact compared to most local and city-wide averages. The assessed value is significantly below average for its immediate street and the wider city.
The primary appeal lies in its generous 5,495 sqft lot, which is above average for the Munroe East neighbourhood. This creates a clear value proposition centered on land potential rather than the existing structure. The recent sale in the $200k-$250k range suggests it is an accessible entry point into the market.
This property would best suit a specific type of buyer: a hands-on individual or investor with a vision for the land. It is a potential fit for someone looking to build new, add a significant addition, or who values ample outdoor space over immediate move-in condition and square footage. It is less suited for buyers seeking a turn-key home or more interior space without a major renovation project.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The assessment is based on the existing 680 sqft structure from 1922. The low value primarily reflects the age and size of the home itself, not necessarily the full market value of the land.
2. What can the large lot be used for?
Subject to local zoning and permits, the lot offers potential for expansion, building a new primary residence, or adding a secondary suite or garage. Its above-average size for the area is its key feature.
3. What does the "Top 98%" ranking for living area mean?
This statistic means the home's interior square footage is smaller than approximately 98% of comparable properties on its street. It clearly indicates a compact living space that will require efficient use or plans for expansion.
4. How reliable is the sold price range shown?
The provided range is based on public data. For the exact sale price, you must request it directly via the email service offered on the page, as this information is verified and supplied manually.
5. Is this a good candidate for a full renovation?
Given the home's age and size, a full renovation would likely be extensive. Buyers should budget for systems updates (plumbing, electrical, insulation) common with century-old homes. The feasibility depends on whether the goal is to modernize the existing footprint or to fundamentally alter and expand the structure.