27 Moorstead Bay

Property Overview: 27 Moorstead Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-established, single-storey home in Betsworth, built in 1984. It sits on a generous, mature lot of over 6,600 square feet, offering ample outdoor space—a notable advantage in many newer subdivisions. With 1,359 square feet of living space and a finished basement, the home provides practical, single-level living. Its standout feature is its strong value positioning within the broader Winnipeg market, ranking in the top 20% for lot size and top 21% for assessed value city-wide, suggesting a solid foundation of equity and desirability for the price point.

The appeal lies in its blend of space, location, and established character. It suits buyers looking for a move-in-ready home without the premium of a new build, who value a large yard and the stability of a mature neighborhood. It’s particularly well-suited for first-time buyers seeking a foothold in a competitive market, downsizers wanting manageable single-level living without sacrificing yard space, or value-oriented investors attracted by its high relative assessment and finished basement for potential rental income.

Section 2: Frequently Asked Questions

1. What does the "relative ranking" data actually mean?
It shows how this property compares to others. For example, ranking in the top 21% for value in Winnipeg means its assessed price is higher than 79% of homes city-wide, indicating a strong perceived value for its lot and location.

2. Is the 1984 build year a concern?
While not new, the home ranks newer than 79% of properties in its own community, meaning the neighborhood itself is well-established. A thorough inspection is always advised, but the data suggests the home is relatively modern for its area.

3. The living area ranks lower than the lot size and value. Why?
This indicates you are primarily paying for the land, location, and overall property value rather than a large interior. It's a classic trade-off: more outdoor space and community equity versus maximizing square footage under roof.

4. Who would this floor plan suit best?
The single-storey (bungalow) design with a finished basement is ideal for those seeking minimal stairs for daily living, or for families wanting clear separation between main-floor living and a potential rec room or guest space downstairs.

5. How should I interpret the "finished basement"?
It adds valuable flexible space but clarify the finish level (e.g., professional vs. DIY), ceiling height, and whether it includes a separate entrance or legal suite potential, as this significantly impacts utility and value.