Property Overview
This home at 12 Heidelberg Bay in Winnipeg's River East neighborhood presents a balanced offering of space, value, and location. Built in 1974, it is a typical home for its street and area in terms of age and living space, but it stands out for its generous lot size. The property sits on a 9,489 sqft parcel, which is notably larger than most lots in both the neighborhood and the wider city. With an assessed value of $437,000, it is positioned above average for River East but aligns closely with city-wide norms for comparable homes.
Key Characteristics & Appeal
The primary appeal of this property lies in its land. The lot size is in the top 13% for the neighborhood and the top 7% city-wide, offering significant outdoor space for gardening, recreation, or future expansion—a relative rarity in this price segment. The 1,455 sqft living area is comfortably above average for its immediate street and provides ample room for a family. Its assessed value suggests a solid, established presence in a stable area without being priced at a premium for the city. This home would suit practical buyers who prioritize usable land over a brand-new build, such as growing families seeking room for children to play, hobbyists wanting garden space, or long-term owners who value the potential for outdoor amenities. It’s a home for someone who sees the value in a established community and a larger-than-average yard, rather than seeking the newest finishes or the most prestigious postal code.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $437,000 is for municipal tax purposes and serves as a benchmark. It indicates the home is valued above the neighborhood average but is typical city-wide. The final sale price will be determined by current market conditions, the home's interior condition, and buyer demand.
2. What does the lot size ranking actually mean for me?
Ranking in the top 7% city-wide for lot size means you are getting significantly more land than the vast majority of similar Winnipeg homes. This translates to more privacy, larger yard space, and potentially more flexibility for additions, sheds, or landscaping compared to tightly packed lots.
3. The home was last sold in 2019. Is there more detailed price history available?
The public data shows a sold price range of CA$400k–450k for March 2019. To obtain the exact historical sale figures and a full transaction history, you must request a manual lookup from the site via email, as this data is not sourced from the MLS.
4. How does this home compare to others on Heidelberg Bay?
On its own street, this home is above average in living space (#2 out of 8) and around average for assessed value, year built, and lot size. It is a representative, well-sized property for this specific bay, with its lot being slightly larger than the street's average.
5. Is the 1974 build date a concern?
The year built is typical for the area. While not a new home, it is actually newer than the city-wide average for comparable properties. As with any home of this age, a thorough inspection is essential to understand the condition of major systems like roof, windows, plumbing, and electrical, which may be due for updates or replacement.