Property Overview: 15 Cranlea Path, Winnipeg
Key Characteristics & Appeal
This 840 sqft bungalow, built in 1974, sits on a roughly 6,000 sqft lot in the River East neighborhood. Its key characteristic is its statistical averageness within a stable, established area. The assessed value of $355k is consistently around the average for the street, neighborhood, and city. While the living area is notably below average for the area, this is balanced by a lot size and assessed value that are firmly in line with local norms.
The appeal lies in its position as a quintessential entry-level or downsizing option in a mature community. It represents a straightforward, no-surprises property in a market segment where predictability can be a virtue. It would suit first-time buyers seeking an affordable foothold in a family-oriented neighborhood, or investors looking for a manageable rental property with stable value. A thoughtful perspective is that a home scoring "average" across most metrics can offer a hedge against volatility; it’s less likely to be overpriced for its locale or suffer from unique drawbacks not reflected in the data. Its recent sale in 2022 (for an estimated $400k-$450k) also provides a relatively current market benchmark for buyers.
Frequently Asked Questions
1. Is the below-average living area a major concern?
While the home is smaller than many in River East, this is reflected in its positioning and price. For buyers with modest space needs, it represents an opportunity to enter the neighborhood at a lower price point.
2. How reliable are the sold price estimates shown?
The displayed price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
3. What does the "around average" assessed value indicate?
It suggests the property is valued consistently with its immediate surroundings and wider city, indicating stability and alignment with municipal valuation trends, not under or over-valuation.
4. Are the comparable nearby properties similar?
The listed nearby and similarly valued properties show a mix of sizes and values, confirming that this home exists in a diverse but generally affordable segment of the River East market.
5. Why is there such a detailed ranking system for each metric?
The rankings provide context beyond raw numbers, showing how the property measures up against direct neighbors, the wider neighborhood, and the entire city, helping to identify its true relative standing.