Property Overview & Appeal
This home at 235 Kisil Bay in Winnipeg's Munroe East neighbourhood presents a specific value proposition. Its key characteristic is a clear contrast: it offers above-average interior space for its immediate area within a modest, efficiently sized lot. At 1,056 sqft, the living area ranks in the top 21% on its street and top 29% in Munroe East, making it a relatively spacious option for the locale. However, the lot size of 3,073 sqft is notably smaller than area averages, suggesting a lower-maintenance yard. Built in 1970, it is one of the newer homes on its street.
The appeal lies in this efficient use of space and potential value. The significantly below-average assessed value compared to both the neighbourhood and city indicates a potentially lower property tax burden and an accessible entry point into the market. It would suit first-time buyers or practical downsizers seeking more interior room without the upkeep of a large lot. A thoughtful perspective is that this property might represent an opportunity to invest in the structure and interior living space itself, rather than paying a premium for land in this specific location.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is influenced by many factors, including lot size, home characteristics, and local market trends. This home's smaller lot and specific location within the city contribute to its assessment being below the Winnipeg average.
2. What does the "Elite" ranking for Year Built mean?
On Kisil Bay, this home, built in 1970, is ranked 1 out of 34 comparable properties, making it one of the newest on its street. This suggests the immediate surrounding homes are generally older.
3. Is the smaller lot size a major disadvantage?
It depends on your priorities. The lot is below the area average, which means less outdoor maintenance and yard work. For buyers valuing interior space over extensive gardening or outdoor space, this could be an efficient trade-off.
4. How can I find out what this home previously sold for?
The exact sale price history is not publicly displayed. You can request it by email using the form provided on the listing page; the service aims to provide accurate historical data manually.
5. How does the living area compare to a typical Winnipeg home?
At 1,056 sqft, it is slightly below the city-wide average of 1,342 sqft for comparable homes. However, it is notably above the average for both its immediate neighbourhood (Munroe East) and its own street, indicating it offers more room than many nearby options.