Property Overview
This home at 67 Trowbridge Bay in Winnipeg's River Park South neighborhood presents a specific value proposition. Built in 1985, it is notably newer than many Winnipeg homes and is the newest build on its street. With 870 square feet of living space, it is a compact bungalow, significantly smaller than area averages. The lot is a standard size for the community, and its assessed value of $379k is competitive both city-wide and within the immediate area, as evidenced by recent sale activity in the $350k-$400k range.
Key Characteristics & Appeal
The primary appeal of this property is its position as a relatively modern, entry-level home in a stable neighborhood. Its smaller size translates to lower maintenance and utility costs, a practical advantage for first-time buyers, downsizers, or investors. While the interior space is modest, the lot provides typical outdoor space for the area. The home’s assessed value is aligned with city norms, suggesting it is priced without a significant premium for its newer build year. This creates a niche for a practical buyer who prioritizes a newer construction date within a tight budget over square footage, viewing the smaller footprint as a feature for a simpler lifestyle rather than a drawback.
It would best suit a minimalist, a first-time buyer comfortable with cozy spaces, or an investor looking for a manageable rental property in a family-oriented community. It is less suited for those needing room for a growing family or who prioritize spacious interiors.
Frequently Asked Questions
1. Is the smaller living area a concern?
At 870 sqft, the home is well below neighborhood averages. This is a key consideration for layout and storage, but also contributes to its affordability and lower operating costs.
2. How does the assessed value compare to recent sales?
The home sold between $350k and $400k in late 2024. Its $379k assessment is directly in line with that sale price, indicating the city's valuation reflects the very recent market.
3. What does "newer build year" mean for this house?
Built in 1985, it is newer than 71% of comparable Winnipeg homes and is the newest on its street. This can suggest updated building standards and potentially fewer major component replacements in the near term compared to much older stock.
4. What are the comparable homes nearby?
Nearby references on Trowbridge Bay and adjacent streets show similar assessed values ($376k - $401k) but often with 200-800 more square feet of living space, highlighting this home's unique size-to-value ratio.
5. How can I verify the exact past sale price?
The site provides sold price ranges. Due to data source rules, obtaining the exact figure requires a manual lookup request via email, which the provider offers to complete.