Property Overview: 168 Summerfield Way, River East, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This home presents a distinct value proposition centered on affordability and efficiency within Winnipeg's River East neighborhood. Its key characteristic is its compact 720 sqft living area, which is notably smaller than most homes on its street and in the wider area. This is reflected in its assessed value of $242k, which sits well below local averages. The lot size is manageable at 3,215 sqft, and the home, built in 1973, is actually one of the newer houses on its block.
The primary appeal lies in its accessibility. It offers a lower financial barrier to entry into a stable neighborhood, making it a practical choice for first-time homebuyers, downsizers seeking minimal upkeep, or investors looking for a rental property. Its efficient size translates to lower utility costs and less maintenance. A thoughtful perspective is that this property represents a "right-sized" home, avoiding the premium paid for excess space that many buyers may not truly need. It suits a pragmatic buyer who prioritizes financial flexibility and a simpler footprint over square footage, viewing the below-average metrics not as drawbacks, but as the source of its affordability.
Section 2: Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. The value is consistently below averages for the street, neighborhood, and city, which primarily reflects the home's smaller size. It indicates a competitively priced entry point rather than an underlying issue, assuming the property is in good condition.
2. Who would this small home suit best?
It's ideal for individuals, couples, or small families who value location and affordability over space. It's also a strong candidate for downsizers from larger homes in the area or investors seeking a lower-purchase-price rental.
3. How does the year built (1973) compare?
The home is actually one of the newest on its street, ranking in the top 1%. This can be a positive, suggesting potentially newer core components compared to immediate neighbors, though a full inspection is always recommended.
4. What can the 2016 sale price tell me?
The home sold for an estimated $200k–$250k in 2016. This provides a historical benchmark, showing significant appreciation in assessed value since then. For the most accurate sale history, you must request a manual lookup from the site.
5. Are the nearby listed properties good comparisons?
Some are, but many are not. While geographically close, several listed "for reference" are much larger in living area and value (e.g., 1,200 sqft at $254k). A better size comparison is 135 Summerfield Way (also 720 sqft, valued at $261k), highlighting how this property's value aligns with similar footprints.