223 Kisil Bay

Property Overview: 223 Kisil Bay, Winnipeg

Key Characteristics & Appeal

This 1,056 sqft bungalow, built in 1970, sits on a 4,074 sqft lot in Munroe East. Its primary appeal lies in its strong relative value within its immediate neighborhood. The home offers above-average living space for both its street and local area, providing a comfortable footprint that is efficient and manageable. A standout characteristic is its year of construction, which is the newest on Kisil Bay, suggesting potentially fewer age-related issues compared to its direct neighbors.

The property’s assessed value is notably below average for both Munroe East and Winnipeg overall, indicating a potentially lower property tax burden and an accessible entry point into the market. This combination of newer construction for the street, practical living space, and a value-oriented assessment makes it particularly suited for first-time buyers, downsizers, or value-focused investors seeking a home with solid fundamentals in a stable neighborhood. The lot size, while smaller than many in the wider city, is typical for the street, offering a low-maintenance yard.

Frequently Asked Questions

1. What does it mean that the home is the "newest" on the street?
While built in 1970, it ranks in the top 3% for year built on Kisil Bay. This means it is the most recently built house among the 34 compared on that street, which could imply updates or construction methods that are slightly more modern than its immediate neighbors.

2. The assessed value seems low. Does that mean it's undervalued?
The assessed value is for municipal tax purposes and is consistently below area and city averages. This typically points to a lower annual tax cost, but it does not directly determine market value. The last sold price (2022) fell within the $200k-$250k range, which is a more relevant indicator of its market value.

3. How does the living space compare to a typical Winnipeg home?
At 1,056 sqft, it is slightly above average for the Munroe East area but below the city-wide average of 1,342 sqft. This positions it as a reasonably sized home for its neighborhood, though more compact than many suburban properties.

4. Is the lot size a limitation?
The lot is about average for Kisil Bay but below average for the broader area and city. This is a consideration if you desire extensive outdoor space or future expansion, but it aligns with the lower-maintenance appeal of the property.

5. How can I find out the exact past sale price?
The provided sale history shows a range. To obtain the precise sale price, you can submit your email via the provided request form. The service manually retrieves this data and aims to reply by the end of the same day, without using your email for marketing.