Property Overview
22 Lowery Bay is a well-established home in Winnipeg's Munroe East neighbourhood. Built in 1970, it offers 1,262 sqft of living space on a 4,998 sqft lot. The home presents a solid, no-fuss opportunity in a mature area, with recent sales data indicating strong local demand.
Key Characteristics & Appeal
The primary appeal of this property lies in its strong positional value within its immediate area. The home ranks in the top quartile for both living area and assessed value on its own street and within the broader Munroe East area. This suggests it is a larger and more valuable property compared to many of its close neighbours, offering a sense of space and investment relative to the local market. While its size is around the city-wide average, its value is concentrated in its desirable micro-location.
It would suit practical buyers looking for a home in a settled neighbourhood without the premium of a brand-new build. It’s a strong candidate for someone who values above-average space for the area and sees potential in a home from the 1970s, possibly as a long-term hold or a straightforward living solution. A less obvious perspective is that its consistent "above average" standing in the immediate vicinity could indicate a stable and resilient value proposition, even if broader city metrics seem average.
Frequently Asked Questions
1. How does this home compare to others nearby?
The data shows this home is above average for both size and assessed value when compared specifically to other homes on Lowery Bay and in the Munroe East area. It ranks in the top 23% for living area on its street.
2. What is the likely maintenance consideration for a home of this age?
Built in 1970, the home is 56 years old. Buyers should budget for updates and maintenance consistent with a home of this era, such as potential roof, window, or mechanical system replacements.
3. The city-wide assessed value seems low. Why is that?
The "$34.90k" and "$390k" figures appear to be a data display error. The meaningful metric is the ranking. The home's assessed value is in the top 7% for Munroe East, indicating it is valued higher than most properties in the area.
4. Can I get the exact historical sale price?
Yes, but not directly on the public page. The listed sale range (e.g., CA$350k–400k for 2021) is an estimate from public data. You can request the exact sale price history by emailing the site, which provides it manually.
5. Is the lot size a pro or a con?
At just under 5,000 sqft, the lot is very typical for the Munroe East area, ranking near the middle of the pack locally. It provides standard outdoor space for the neighbourhood but is not an unusually large parcel.