Property Overview: 446 Locksley Bay, Winnipeg
Key Characteristics & Appeal
This home at 446 Locksley Bay is a well-situated property in Munroe East that presents a compelling value proposition. Built in 1956, it offers just over 1,000 square feet of living space on a notably generous lot of approximately 5,700 square feet. The appeal lies in its strong positioning within its immediate area. While the home's size is average for the neighbourhood, it stands out for its above-average assessed value on its street and in Munroe East, suggesting it is well-maintained or offers features that are valued relative to its peers. The large lot is a significant asset, ranking in the top 20% for the area, offering ample outdoor space and future potential that is increasingly rare.
This property would suit a first-time buyer or a downsizer looking for a solid, established home in a mature neighbourhood without a premium price tag. It’s also a practical choice for a value-focused buyer who prioritizes land size over a large interior footprint, understanding that the land is a permanent asset while the home can be updated over time. The data indicates you are buying a property that holds its value well locally, even if it’s more modest by broader city standards.
Frequently Asked Questions
1. What does the assessed value ranking actually tell me?
The fact that this home’s assessed value is in the top 6% on its street and top 14% in Munroe East indicates it is likely assessed higher than many nearby comparable properties. This often reflects updates, a premium lot location, or desirable features. However, it’s important to distinguish municipal assessed value for taxation from current market value.
2. Is the lot size a major advantage?
Yes. At 5,669 sqft, the lot is larger than 80% of similar properties in Munroe East. This provides more privacy, yard space, and flexibility for gardening, recreation, or future expansions like a shed or deck, which is a key differentiator.
3. The home was last sold between 2019-2025. Why is the exact price not listed?
To ensure accuracy and privacy, the precise sale price is verified manually from official records. You can request this information via email, and it will be provided directly without any marketing spam.
4. How does the age of the home (1956) factor in?
The home is of a typical vintage for the area. Its ranking shows it is slightly newer than many on its street but older than the average for Munroe East. Buyers should budget for maintenance consistent with a 70-year-old home and consider the potential for older mechanical systems, but also appreciate the character and established neighbourhood feel.
5. How can I compare this property to others nearby?
You can use the provided link to open a detailed neighbourhood analysis map. This tool allows you to visually compare this home with immediate neighbours on key metrics like year built, lot size, and assessed value, giving you clear context for how it fits on the block.