Property Overview: 15 Jodonndra Bay, River East, Winnipeg
Key Characteristics & Appeal
This home presents a solid, mid-century offering in the established River East neighborhood. Built in 1979, it features 1,267 sqft of living space on a 5,900 sqft lot, placing it around the average for its immediate street and area in terms of size and land. Its primary standout characteristic is its assessed value of $431k, which ranks above average for both the street and the broader River East area, suggesting the property is perceived to have good intrinsic value relative to its peers.
The appeal lies in its position as a stable, benchmark property. It’s not an outlier in size or age, but it holds a strong value ranking, indicating a well-regarded location on the bay or a property in good condition. It last sold in June 2023 for an estimated $450k-$500k, a price point that performed well against area and city averages. This home would suit practical buyers looking for a move-in-ready residence in a mature neighborhood without extreme peaks or valleys in its metrics. It’s ideal for someone seeking a predictable investment in a community setting, rather than a fixer-upper project or a luxury statement.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value ($431k) is above local averages and used for tax purposes, the market sale price is determined by current conditions. The home’s last sold price (est. $450k-$500k in 2023) is a more direct, though historical, market indicator.
2. How does the home’s size compare to newer builds?
At 1,267 sqft, it is slightly below the current neighborhood average. Buyers should consider if the layout and room sizes meet modern needs, as homes from this era can have different spatial designs compared to new constructions.
3. What does the “above average” value ranking practically mean?
It means that, according to municipal assessment, this property holds more value than many comparable homes nearby. This could be due to factors like its specific location on the bay, lot desirability, updates, or overall condition.
4. Are sold prices for nearby properties available?
Exact sold prices are not publicly displayed here due to industry rules. Approximate ranges are provided (e.g., the last sale for this home), and you can request exact historical figures via email from the site provider for verified data.
5. The lot is smaller than the street average. Is that a concern?
At 5,900 sqft, the lot is smaller than the street average (~6,805 sqft) but close to the citywide average. It still offers standard suburban outdoor space. The impact depends on your priorities for yard size versus the property’s other attributes, like its strong value assessment.