58 Byars Bay

Property Overview

58 Byars Bay is a well-established home in Winnipeg's Munroe East neighbourhood. Built in 1969, it sits on a generous 6,431 sqft lot and offers 1,238 sqft of living space. Recent sales data indicates it sold in 2025 for an estimated $400k–$450k.

Key Characteristics & Appeal

The primary appeal of this property lies in its strong positional value within its immediate area. While its size and age are fairly typical city-wide, it stands out locally. The living area is in the top 5% on its street and top 7% in Munroe East, offering more interior space than most nearby homes. Similarly, the lot size is in the top 6% for the area, providing ample outdoor space that is less common in the neighbourhood.

Its assessed value is notably in the "Elite" top 5% for Munroe East, suggesting it is viewed as a higher-value property within the local market context. This creates an interesting dynamic: it's a premium property in its specific area, but priced within the mid-range for the wider city. This combination makes it particularly suited for buyers who prioritize space, a established neighbourhood feel, and getting more house for their money within a specific community, rather than seeking a city-wide trophy home. It would be an excellent fit for a growing family looking for room both inside and out in a mature neighbourhood, or for a value-conscious buyer seeking a property with strong fundamentals in its micro-market.

Frequently Asked Questions

1. How does this home truly compare to others in the area?
The data shows it outperforms most local comparables in key metrics. It has more living space than 95% of homes on its street and a larger lot than 94% of homes in Munroe East, making it a spacious offering for the neighbourhood.

2. The assessed value seems low compared to the sale price. Why?
Municipal assessed value (here, $35,800) is for tax purposes and often lags behind the actual market value, which is determined by recent sales like the 2025 transaction. The assessment being in the top 5% for the area indicates the city views it as a high-caliber property locally, which supports the higher market price.

3. What does the "top 5%" ranking for living area actually mean?
This means that on its own street (Byars Bay), only 5% of comparable homes are larger. Specifically, it ranks 2nd out of 44 homes in living area. In the broader Munroe East area, it's still in the top 7%. This is its most standout feature.

4. Is a 1969-built home a concern?
The year built is actually newer than the area average for Munroe East. While systems and components will need maintenance due to age, the home is not a historical outlier for the community. Buyers should focus on the condition of the roof, windows, and major mechanical systems.

5. Why is the city-wide ranking for living area only average?
This highlights the property's local appeal. While its 1,238 sqft is spacious for Munroe East, newer suburbs and different city districts often feature larger, newer homes. This property's value proposition is rooted in being a top-tier home for its specific, established neighbourhood, not necessarily for the entire city.