Property Overview: 137 Summerfield Way, River East, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a compact, 720 sqft bungalow built in 1972, situated on a modest 2,983 sqft lot in Winnipeg's River East neighborhood. Its key appeal lies in its affordability and efficiency within a well-established area. The assessed value and recent sale price are notably below averages for the street, neighborhood, and city, positioning it as a lower-cost entry point into the market.
The property would suit first-time buyers, downsizers, or investors seeking a straightforward, manageable home with minimal upkeep. Its smaller scale translates to lower utility costs and less maintenance. A thoughtful perspective is that while the living space is compact, this can promote a simpler, more intentional lifestyle. Additionally, its lot size is smaller than most in the area, which means less yard work but also limited potential for expansions or additions compared to neighboring properties.
Section 2: Frequently Asked Questions
1. How does this home’s size truly compare to the area?
At 720 sqft, the living area is significantly smaller than most comparable homes in River East (neighborhood average is 1,399 sqft) and on Summerfield Way itself (street average is 966 sqft). It is designed for efficient, essential living.
2. Is the assessed value a reliable indicator of the sale price?
The home recently sold within the CA$250k–300k range, which aligns closely with its $260k assessed value. This suggests the assessment was accurate for the market at that time, unlike some area homes where sale prices can diverge more from their assessed values.
3. What does the lot size mean for potential renovations or a future sale?
The lot is among the smallest on the street, which may limit the feasibility of large extensions or additions. This is a key factor for buyers considering future expansion and could influence resale appeal to those seeking larger yards.
4. How does the year built affect this home?
Built in 1972, it is average for its street but slightly older than the River East neighborhood average. Buyers should budget for potential updates common to homes of this era, such as roofing, windows, or mechanical systems, while also appreciating the established character of the area.
5. Where can I get verified sale price data for this property?
The provided sale price is an estimated range from public data. For the exact sale price and full transaction history, you must request a manual lookup via email from the site, as they do not display MLS records due to industry rules.