Property Overview: 48 Queensbury Bay, Winnipeg

Key Characteristics & Appeal

This 1987 bi-level home at 48 Queensbury Bay presents a specific and practical value proposition. Its key characteristic is its compact size, with 870 sqft of living space, which places it among the smaller homes on its street, in the Dakota Crossing area, and city-wide. This is balanced by a renovated basement and a detached garage. The assessed value of $390,000 is modest for the immediate neighborhood but aligns with the Winnipeg average.

The appeal lies in its efficiency and relative modernity for the city. Built in 1987, it is newer than many Winnipeg homes and is one of the newer properties on its own street. The renovated basement adds functional living space. The lot, while smaller than most in the area at 4,028 sqft, offers manageable outdoor maintenance.

This property would best suit first-time buyers, downsizers, or pragmatic investors seeking an entry point into the Dakota Crossing area without the upkeep of a larger property. It’s for those who prioritize a modern building foundation, updated interiors, and a lower footprint over expansive square footage or a large yard.

Frequently Asked Questions

1. Is this a small house?
Yes, at 870 sqft, the living area is below the average for the street, neighborhood, and city. This makes it a compact, efficient layout.

2. Why is the assessed value average for the city but below average for the street?
The $390,000 assessment reflects the home’s size and overall market value. On Queensbury Bay, many homes are larger or on bigger lots, commanding higher values. City-wide, this price point is more common.

3. What does "renovated basement" mean in a bi-level?
In a bi-level, the basement is partially above ground, offering better natural light. A renovation here likely created additional living, recreational, or bedroom space, effectively increasing the home’s usable area beyond the main floor square footage.

4. How does the lot size impact the property?
At 4,028 sqft, the lot is smaller than most nearby. This means less yard maintenance, which can be a benefit, but also less private outdoor space. It’s a trade-off that contributes to the home’s manageable scale.

5. The home sold for $300,000 in 2017. What does that tell us?
The 2017 sale price provides historical context, showing significant appreciation to its current $390,000 assessed value. This highlights market trends but does not dictate the current listing or sale price, which is determined by present market conditions.