15 Wakefield Bay

Property Overview: 15 Wakefield Bay, Winnipeg

Key Characteristics & Appeal

This home at 15 Wakefield Bay in the Pulberry neighborhood is a study in balanced, mid-century value. Built in 1960, it is typical for its street in both age and assessed value, which is stable and closely aligned with city-wide averages. The lot size is also generally in line with local norms. The most notable characteristic is its living area, which at 1,003 sqft is modest—it is the smallest home on Wakefield Bay and below average for the broader area. This creates a specific dynamic: you are purchasing a competitively priced entry into a well-established neighborhood, not square footage.

The appeal lies in its positioning as a pragmatic opportunity. For a buyer comfortable with a cozier footprint, it offers a chance to own a home on a street where property values are holding steady, without paying a premium for excess space that may not be needed. It would suit a first-time buyer, a downsizer, or an investor looking for a straightforward rental property in a mature area. The recent sale in 2023 within the $350k-$400k range suggests a market-responsive price point. A thoughtful perspective here is to see the smaller size not just as a limitation, but as a feature that potentially lowers utility costs and simplifies maintenance, allowing for investment in updates or landscaping to add personalized value.

Frequently Asked Questions

1. Is this house significantly smaller than its neighbors?
Yes. The living area is the smallest among the 25 homes on Wakefield Bay and below the averages for both the Pulberry neighborhood and Winnipeg overall. This is the property's most distinct characteristic.

2. How does its value compare to nearby homes?
Its assessed value of $391k is very close to the city-wide average and is competitive on its own street. This indicates you are paying primarily for location and land value within a stable market, rather than for a large interior.

3. What can the 2023 sale price tell me?
The home sold for between $350,000 and $400,000 in August 2023. This recent transaction provides a solid, real-world benchmark for its market value, placing it in the top third of comparable sales locally at that time.

4. Is the lot a good size?
At 5,638 sqft, the lot is slightly below the street average but around the city-wide average. It provides a standard outdoor space typical for the era and area, not exceptionally large or small.

5. How can I get the exact historical sold prices?
The site provides sold price ranges publicly. Due to data licensing rules, exact sale figures are not displayed automatically but can be requested directly from the site's team via email, which they provide manually.