Property Overview
This home at 24 Wakefield Bay presents a distinct value proposition centered on its generous lot. Built in 1964, the 1,037 sqft house sits on an expansive 11,262 sqft property, which is a standout feature both on its street and across Winnipeg. The living space is modest compared to immediate neighbors but aligns with broader city averages. With an assessed value of $387k, it is priced consistently with similar homes in the area. Its appeal lies in the significant outdoor space and the potential it offers, rather than in a large or modernized interior.
Key Characteristics & Ideal Buyer
The defining characteristic is the elite-sized lot, offering rare space for gardens, recreation, or future expansion in a mature neighborhood. The house itself is functionally sized and newer than most on its street, though not recently updated. Its assessed value is unexceptional at every geographic level, suggesting a fair market price without premium or discount.
This property would best suit a buyer who prioritizes land over square footage—someone looking for a spacious, private yard in the city, perhaps for gardening, pets, or family play. It’s also a practical fit for a long-term buyer who sees the potential to gradually update the home to their taste, or for someone who simply values more outdoor privacy than is typically available. It is less suited for those seeking a move-in-ready home with ample or modern interior space.
Frequently Asked Questions
How does the lot size truly compare?
The lot is exceptionally large. It is nearly double the average size for Wakefield Bay and ranks in the top 5% in the Pulberry neighborhood and top 4% city-wide.
Is the house significantly smaller than others nearby?
Yes, the living area is below the average for both the street and the neighborhood. However, it is very close to the city-wide average for comparable homes, indicating it’s a reasonably standard size for Winnipeg, just on a street with slightly larger homes.
What does the sold history indicate?
The home sold in 2021 and 2016. The price percentile increased from the 2016 sale to the 2021 sale, suggesting its market performance improved relative to the area over that period.
Is the assessed value a good indicator of the selling price?
The current assessment of $387k is "around average" at every comparison level. This typically indicates the property is valued in line with the market, but the final sale price will depend on condition, updates, and current market dynamics.
How can I get precise past sale prices?
The site shows sold prices in broad bands. For exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.