Property Overview
This home at 6 George Suttie Bay in Winnipeg’s Munroe East neighbourhood presents a specific and compelling value proposition. Its appeal is rooted in its strong standing within its immediate area, offering a practical and efficient layout on a generous lot.
Key Characteristics, Appeal & Ideal Buyer
The 988 sqft bungalow, built in 1971, stands out for being newer than most homes on its street and in the wider Munroe East area. This suggests potentially fewer concerns with aging major systems compared to neighbouring properties. While the living space is efficient, the nearly 5,000 sqft lot provides ample outdoor room, a valuable asset for gardening, recreation, or future expansion.
Its primary appeal lies in its above-average positioning within the local context. The assessed value ranks in the top 30% for both the street and the neighbourhood, indicating it is perceived as a well-maintained or desirable property in its peer group. This creates an opportunity for a buyer seeking a home that is a step above the local average without a city-wide premium price tag.
This property would suit a first-time buyer, a downsizer, or a pragmatic investor looking for a solid, no-fuss home in a stable neighbourhood. It’s ideal for someone who values a larger yard over excessive indoor square footage and appreciates a home that is newer than its immediate surroundings. The data suggests it’s a strong contender within its micro-market, offering more modern foundations than many nearby homes.
Frequently Asked Questions
1. What does it mean that the home is "Elite – Top 1%" for year built on its street?
This simply means it is the newest home among the 70 comparable properties on George Suttie Bay. Built in 1971, it is one year newer than the street's average of 1970.
2. The city-wide assessed value average is $390k, but this home is only $31.8k. Is this a typo?
No, this is a clear illustration of how averages can be skewed. The very high city-wide average includes much newer and larger homes in more expensive areas. The relevant comparison is the local one: this home's assessment is above the averages for both its street ($29.1k) and the Munroe East neighbourhood ($29.4k).
3. How can the living area be "below average" city-wide but still be a selling point?
While the 988 sqft is smaller than the Winnipeg average, it is notably larger than the average home (858 sqft) on George Suttie Bay itself. This indicates the home offers more space than most of its direct neighbours, which is a key local advantage.
4. What are the potential implications of the 2017 sale price range of CA$250k–300k?
This historical data provides a benchmark for the home's market value from eight years ago. It is essential for determining how much the property's value may have appreciated since then. For the exact sale price, you must request it via the provided email service.
5. The lot is larger than average for the street. What are the less obvious benefits of this?
Beyond extra yard space, a larger lot in an older neighbourhood can offer better privacy, more natural light, and improved drainage. It also provides flexibility for potential future additions, like a shed, deck, or garage, subject to local bylaws.