Property Overview: 109 Summerfield Way, River East, Winnipeg
Section 1: Key Characteristics & Appeal
This 988 sqft bungalow, built in 1972 on a 5,343 sqft lot, presents a compelling case for value-focused buyers. Its primary appeal lies in its strong positioning within its immediate locale. While its living space is modest compared to broader neighborhood and city averages, it stands out on its own street with an assessed value ($362k) that ranks in the top 9% of Summerfield Way. This suggests the property is perceived as a premium offering on its block, potentially due to upgrades, condition, or lot desirability not captured in raw square footage.
The home suits first-time buyers or downsizers seeking a manageable footprint in a stable, established area like River East. It’s also a practical candidate for investors or renovators, as the solid lot size offers room for expansion or outdoor amenities relative to other homes on the street. A thoughtful perspective is that this property represents a "street-level standout" — it may offer better finishes or curb appeal than direct neighbors, justifying its above-street-average valuation, even while being a more average offering in the wider market.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high for the street?
The property’s assessed value ranks 8th highest out of 91 on Summerfield Way. This typically indicates attributes that assessors value highly, such as renovations, additions, superior condition, or a more favorable lot layout compared to neighboring homes.
2. How does the living area compare to nearby homes?
At 988 sqft, the living area is very close to the street average (966 sqft) but is below the broader River East (1,399 sqft) and Winnipeg (1,342 sqft) averages. This indicates a cozy, efficient layout that is typical for this specific street but smaller than many area homes.
3. What is the recent sales history?
The home sold in October 2023 for an estimated $400k-$450k, which placed it in the top 3% of sales on its street at that time. Prior to that, it sold in September 2016 for an estimated $300k-$350k.
4. Is the lot size a pro or a con?
The 5,343 sqft lot is larger than the street average (4,617 sqft), offering more private outdoor space than many immediate neighbors. However, it is below the neighborhood average, so while it's a relative strength on the block, it's not an exceptionally large lot for River East overall.
5. How can I verify the exact past sale prices?
The provided sale prices are estimated ranges from public records. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry regulations.