Property Overview: 7 Amelia Crescent, Valley Gardens, Winnipeg
Section 1: Key Characteristics & Appeal
This 820 sqft bungalow, built in 1978, presents a clear value-oriented opportunity in Winnipeg's Valley Gardens neighbourhood. Its primary appeal lies in its accessible price point, which is significantly below area averages. With an assessed value of $217k—ranking in the bottom 3% on its own street and in the neighbourhood—it stands out as one of the most affordable detached properties in the area. The home is compact and sits on a modest, manageable lot of just under 3,000 sqft.
This property would suit first-time buyers seeking an entry into the housing market, investors looking for a rental property with a lower initial investment, or downsizers prioritizing minimal upkeep and cost over space. A thoughtful perspective is that its "below average" metrics in size and value can be reframed as efficiency: it offers the benefits of a detached home without the maintenance or property taxes of a larger lot and structure. Its 1978 build date is notably newer than many immediate neighbours, suggesting potentially fewer concerns with aging infrastructure compared to other homes on the street.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The assessed value reflects the property's smaller living area and lot size compared to most homes on Amelia Crescent and in Valley Gardens. It is priced for its specific attributes, not the neighbourhood average.
2. What does the sold price range (CA$200k–250k) indicate?
The recent sale in this range confirms the home transacts well below the area's average market values. This suggests it sold near or possibly even below its assessed value, highlighting its role as an affordable option.
3. Is the smaller living area a major drawback?
At 820 sqft, the home is compact. It is ideal for individuals, couples, or small families who prioritize simplicity and lower utility costs. The trade-off for the lower price is less interior space.
4. How does the lot size impact the property?
The lot is approximately half the size of the average lot on the street. This means less yard maintenance, which can be a positive for those not wanting extensive gardening, but offers less private outdoor space.
5. The data shows it's newer than most homes on the street. What are the implications?
Built in 1978, it is among the newest homes on Amelia Crescent. This can be an advantage, as major components like roofing, wiring, and plumbing may be from a more modern era than those in older homes, potentially reducing near-term repair needs.