Property Overview: 30 Lowery Bay, Winnipeg
Key Characteristics & Appeal
This home at 30 Lowery Bay in the Munroe East neighbourhood presents a solid, middle-ground opportunity. Built in 1970, it is actually newer than many homes on its street and in the wider area, which can be a subtle advantage for systems and structure. With 1,184 sqft of living space and a 5,529 sqft lot, the property sits comfortably around the average for its immediate street but stands out as above-average when compared to the broader Munroe East area, particularly in terms of living space and assessed value.
The appeal lies in its established, balanced profile. It’s not an outlier in any category, which can mean fewer surprises and a predictable footprint for upgrades or maintenance. The lot size offers decent outdoor space for the neighbourhood. This property would suit a practical buyer—perhaps a first-time homeowner or a downsizer—who values an established community like Munroe East and is looking for a home that requires standard updating rather than a major overhaul. Its above-average ranking within the neighbourhood suggests it’s a stronger contender in its local market than in the city as a whole, offering a relative value within a desirable micro-location.
Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value of $34,400 is for municipal tax purposes. Market value is determined by recent sales, condition, and demand. The last recorded sale was between $300k-$350k in 2021, which is a more relevant starting point for understanding current value.
2. What does it mean that the home is "above average" for Munroe East?
The data shows this home ranks in the top 9% for living area and top 9% for assessed value within the Munroe East area (over 2,200 properties). This indicates you get more interior space and a higher valuation benchmark than most homes in this specific community, which is a positive sign for its positioning in the local market.
3. The home was built in 1970. What should I consider?
While newer than many area homes, a 56-year-old house will likely have had several systems updated over time. Key questions will focus on the age and condition of the roof, windows, heating/electrical systems, and any past renovations. Its newer age relative to the neighbourhood is a mild plus, but a thorough inspection is essential.
4. How can I find out the exact past sale price?
The provided sale price is a range from public data. The listing states you can obtain the exact historical sold price by submitting an email request through the site, which they will provide manually without using your email for marketing.
5. Is the lot size typical?
At just over 5,500 sqft, the lot is larger than the Munroe East average (~4,958 sqft) but slightly smaller than the Winnipeg citywide average. For the street itself, it’s almost identical to the average. This means you have a better-than-average yard for the neighbourhood, but not an unusually large one.