Property Overview
This home at 10 Douglas Lawrence Bay in Winnipeg's River East neighborhood presents a practical opportunity. Built in 1982, its 1,590 sqft living space is notably efficient for the area, ranking above both neighborhood and city averages. With an assessed value of $423k, it sits comfortably around the middle range for comparable homes locally. The lot size of 5,495 sqft is more compact than others on the street, which may appeal to those seeking lower outdoor maintenance.
The appeal lies in its balanced positioning. It offers more interior space than many city and neighborhood homes, without carrying the premium price or largest lot size of its immediate street. It last sold in mid-2023 in the $450k-$500k range, suggesting a stable market value. This property would suit first-time buyers or downsizers looking for a manageable, established home in a mature neighborhood, who prioritize interior space over extensive yard work and seek value relative to the broader area rather than just their street.
Frequently Asked Questions
How does this home’s size compare to others nearby?
While its living area is below the average for its specific street, it is actually above average for both the wider River East neighborhood and the city of Winnipeg as a whole. This indicates a street of relatively larger homes, making this a more efficient option within that context.
Is the assessed value a good indicator of the likely selling price?
The assessed value of $423k is a municipal valuation for tax purposes. It is close to the neighborhood average. The home's last sold price (2023) fell between $450k and $500k, which is a more direct, though historical, indicator of market value.
What does the lot size mean for potential expansion or gardening?
At approximately 5,500 sqft, the lot is smaller than many in River East and on its own street. This limits potential for large additions or extensive landscaping but translates to less maintenance. It's a practical size for a patio, garden, and play area without being overwhelming.
How old is this home, and what might that imply?
Built in 1982, the home is newer than many in the neighborhood and city. Buyers can expect construction methods and materials from the early 1980s. While major components like the roof, windows, or HVAC may have been updated, they are likely entering or are within their typical renewal period.
Where can I find verified, exact historical sold prices?
The site provides sold price ranges based on public data. To obtain exact figures and a full transaction history, you must request a manual lookup via email, as this information is not sourced from the MLS system.