Property Overview: 104 Luzon Bay, Winnipeg
Key Characteristics & Buyer Appeal
This 2015-built home in Rosser-Old Kildonan presents a distinct value proposition within its immediate context. With 1,236 sqft of living space, it is notably more compact than most homes on Luzon Bay and in the wider neighborhood, ranking in the bottom 10% locally for size. However, this translates into its primary appeal: a relatively accessible price point in a newer construction area. Its assessed value of $478k is the lowest on its street and below the neighborhood average, yet it sits well above the Winnipeg average, indicating you're investing in a generally higher-value area.
The appeal lies in securing a modern, low-maintenance home built within the last decade, without the premium price tag of the larger properties that surround it. It suits first-time buyers or downsizers seeking a newer build in a settled community, who prioritize modern infrastructure and efficiency over square footage. A thoughtful perspective is that this property offers a "foot-in-the-door" to a street and neighborhood of generally more expensive homes, which can be beneficial for long-term value. The lot size is consistent with nearby properties, offering standard outdoor space for a home of this era.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
The assessed value is strongly correlated with living area. This home is significantly smaller than most on the street, which is the primary reason for its lower assessment.
2. Is this a good investment for future resale?
While smaller than its immediate neighbors, the home is newer and located in an area with higher-than-city-average property values. Its resale potential will depend on appealing to buyers seeking newer builds at a competitive entry point for the neighborhood.
3. How does the sold price from 2017 relate to today's value?
The home sold for an estimated $350k-$400k in late 2017. The current assessed value of $478k reflects market changes and appreciation over the intervening years, but a current market valuation would require a professional appraisal or comparative market analysis.
4. What does "around average" for city-wide living area mean?
While the home is small for its specific street, its size is very close to the typical (median) home across the entire City of Winnipeg, which is 1,342 sqft.
5. Where can I verify exact historical sale prices?
The provided sold price is an estimate from public data. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry rules.