Property Overview
59 George Suttie Bay is a compact, single-family home in Winnipeg's Munroe East neighbourhood. Built in 1970, it sits on a 4,004 sqft lot and features 696 sqft of living space. Its most recent sold price was between $250,000 and $300,000 in 2024, with a current assessed value of $26,200.
Key Characteristics & Appeal
This home presents a specific value proposition. Its primary appeal lies in affordability and efficiency within the Winnipeg market. The below-average assessed value and recent sale price point to an accessible entry point into homeownership. The lot size, while below average for the area, is still a respectable quarter-acre, offering outdoor space without excessive maintenance.
The home suits first-time buyers, downsizers, or investors seeking a straightforward, lower-cost property. Its compact size requires efficient use of space but translates to lower utility costs and less upkeep. A less obvious perspective is its relative modernity within its immediate area; being built in 1970 makes it newer than many neighbouring homes, which could suggest updates to major systems compared to older stock. However, the smaller living area is a significant consideration, ranking well below averages for both the broader area and the city.
Frequently Asked Questions
1. Is this a good value for a first-time buyer?
Based on its assessed value and recent sale price, it represents one of the more affordable detached home options in Winnipeg. Buyers must be comfortable with the smaller living footprint (696 sqft) in exchange for that lower price point.
2. How does the lot size compare?
The 4,004 sqft lot is below the average for Munroe East (~4,958 sqft) and the city overall. It provides yard space but may limit expansion possibilities or feel cozier than some neighbouring properties.
3. What does the "above average" year built ranking mean?
On its street and in Munroe East, a 1970 build date is newer than many homes. This could be an advantage, but a specific inspection is crucial to determine the condition of the roof, wiring, plumbing, and other major components common to homes of this era.
4. Why is the assessed value so much lower than the recent sale price?
Municipal assessed value for taxation purposes often lags behind market sale prices. The 2024 sale range of $250k-$300k reflects the current market value, while the $26,200 assessment is a provincial calculation used for determining property taxes.
5. How can I find out the exact past sale price?
The exact sold price is not publicly displayed. As noted on the listing, you can request this information by emailing the provided service; they manually provide the accurate figure without using your email for marketing.