13 Northwater Bay

Property Overview: 13 Northwater Bay

Key Characteristics & Appeal

This two-storey home, built in 2022, is a modern property in Winnipeg's South Pointe West neighbourhood. Its primary appeal lies in its balance of space, new construction, and a strong position within its local market. The home sits on a large 7,416 sqft lot, placing it in the top 5% for lot size on its street, offering ample outdoor space. With 2,158 sqft of living area, it provides above-average room for a growing family. As a near-new build, it likely requires minimal immediate maintenance and benefits from contemporary building standards.

The home suits buyers looking for a move-in ready, modern property in a well-established newer neighbourhood. It’s particularly fitting for those who value generous lot size for privacy, gardening, or future expansion, over a renovated basement or pool. The data suggests it appeals to a buyer seeking a solid, long-term home in a desirable area, with its assessed value and recent sale price indicating stable market recognition. A thoughtful perspective is that while the basement is unrenovated, this presents a clean slate for customization to suit the next owner's needs, rather than paying a premium for someone else's finished layout.

Frequently Asked Questions

1. Is the property a good value compared to the neighbourhood?
The home ranks in the top 16% for living area and top 9% for lot size in South Pointe West, suggesting it offers more space than most nearby properties. Its last sold price in 2022 was in the top 5% for Winnipeg, indicating a premium location and property.

2. What does the "rank" data mean?
The rankings compare this specific property against others on its street, in the neighbourhood, and across Winnipeg. For example, being in the "Top 5%" for lot size on its street means 95% of homes on Northwater Bay have smaller lots.

3. The basement is noted as "not renovated." What condition is it in?
The listing specifies the basement exists but is unfinished. This means it is likely a clean, open concrete space with essential plumbing/electrical rough-ins, awaiting drywall, flooring, and design to become livable space.

4. How does the assessed value relate to the likely asking price?
The municipal assessed value of $57.30k is for taxation purposes and is typically significantly lower than market value. The home last sold for $63.80k in 2022. Current market value would be determined by recent comparable sales and market conditions.

5. What are the advantages of a 2022 build?
A four-year-old home offers modern energy efficiency, building codes, and layouts, while any initial "new home" settling issues have likely been addressed. It should provide years of low-maintenance living before major components like the roof or HVAC require attention.