Property Overview: 11 Summerfield Way, Winnipeg
Key Characteristics & Appeal
This 840 sqft bungalow, built in 1972 on a 5,007 sqft lot in River East, presents a straightforward, value-oriented opportunity. Its primary appeal lies in its solid positioning within its immediate street context. While the home is notably smaller than the broader neighborhood and city averages, it aligns closely with the typical size, age, and assessed value (~$311k) of other homes on Summerfield Way itself. This suggests you are buying into a consistent, established street where this property is not an outlier.
The home would suit first-time buyers, downsizers, or practical investors seeking an affordable entry into a mature Winnipeg neighborhood without overpaying for excess space. Its recent sale in mid-2024 within the $300k-$350k range indicates a market-tested value. A thoughtful perspective is that its "below average" size for the area could be a long-term advantage, potentially resulting in relatively lower utility costs and property taxes compared to larger neighboring homes, while still providing the benefits of the location.
Frequently Asked Questions
1. How does this home’s size truly compare?
At 840 sqft, the living area is very close to the average for Summerfield Way (~966 sqft) but is smaller than the typical home in both the wider River East area and Winnipeg overall. It’s a compact, efficient layout.
2. Is the assessed value a reliable indicator of the sale price?
The assessed value of $311k is near the average for the street. The home sold for between $300k and $350k in June 2024, placing that sale price in the top 15% historically for the street, suggesting strong demand for well-priced homes in this specific location.
3. What does the "below average" ranking for the neighborhood mean?
Rankings like "Top 94%" for living area mean the home is smaller than 94% of comparable homes in River East. This isn’t necessarily negative; it reflects the character of the immediate street versus the wider area, which includes many larger properties.
4. How can I find out the exact sold price?
The public data on this site shows a price range. Due to industry rules, exact MLS sale prices are not published here. You can request the exact figure via email from the site provider for a manual lookup.
5. What are comparable properties nearby?
Nearby references like 256 Gilmore Avenue (also 840 sqft, $311k assessment) and 3 Summerfield Way (1,076 sqft, $334k assessment) provide useful benchmarks for size and value in the vicinity.