Property Overview
27 Brixton Bay is a well-situated home in Winnipeg's River Park South neighborhood. Built in 1985, it presents a practical opportunity in a mature, established area. The home's key characteristic is its efficient, compact size of 867 square feet, which is notably smaller than most homes on its street and in the wider neighborhood. Its assessed value of $395,000 is competitive, sitting close to the citywide average. The lot size is typical for the area at just over 5,000 square feet.
The appeal here lies in value and simplicity. It suits first-time buyers or downsizers seeking an affordable entry into a stable neighborhood without the maintenance of a larger property. It’s a home for those who prioritize location and lot over interior square footage, offering a chance to build equity. A thoughtful perspective is that its smaller size, while a drawback for some, translates to lower utility costs and less space to maintain, which can be a significant long-term benefit. Its value has shown solid appreciation, increasing from the $300k-$350k range in 2017 to $400k-$450k in 2024.
Frequently Asked Questions
1. Is the living area too small?
At 867 sqft, the home is significantly smaller than the average house on Brixton Bay (1,386 sqft). It is best suited for individuals, couples, or small families who value efficient living spaces and lower upkeep.
2. How does the assessed value compare?
The $395,000 assessment is below the street average but aligns closely with the Winnipeg citywide average. This suggests the property is priced for its neighborhood but may offer relative value within its immediate area.
3. What does the sale history indicate?
The home sold in August 2024 for between $400,000 and $450,000. Previous data shows it sold in 2017 for between $300,000 and $350,000, indicating a trend of appreciation over a seven-year period.
4. Is the lot a good size?
The lot of 5,046 sqft is average for both Brixton Bay and the River Park South neighborhood, providing standard outdoor space for a home of this vintage.
5. How can I verify the exact past sale prices?
The site provides sold price ranges. To obtain the exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS.