Property Overview: 22 Addington Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This well-maintained, single-storey home in Eric Coy offers a classic and practical layout on a spacious, mature lot. Its key characteristics include a fully finished basement, a split garage, and a functional 1,314 sqft of living space built in 1977. The appeal lies in its established neighborhood setting and its solid value proposition. The home ranks highly for its lot size within its immediate area and shows strong overall assessed value compared to much of Winnipeg, suggesting a well-regarded location. It would particularly suit first-time buyers, downsizers, or value-focused investors seeking a move-in-ready home with room to grow in the basement, without the premium of a new build. A thoughtful perspective is that while the home's age and interior size are average for its community, its above-average lot size and assessment value indicate underlying land value and stability, offering a balance of indoor living space and outdoor potential.

Section 2: Frequently Asked Questions

1. What is the significance of the provided rankings?
The rankings show how this property compares to others in its immediate street, wider community, and all of Winnipeg for metrics like size, age, and value. For example, its lot size ranks in the top 6% on its street, while its living area is more middle-of-the-road for the area.

2. How does the 2020 sale price relate to the current assessment?
The home sold for $411,000 in August 2020. The current assessed value of $460,000 reflects the city's valuation for tax purposes and general market movement since that last sale, but the final sale price is always determined by the current market.

3. What does the home's age mean for a buyer?
Built in 1977, buyers can expect classic construction and room layouts. A pre-purchase inspection is advisable to review the condition of major aging components, like the roof, windows, and mechanical systems, which may be due for updates or replacement.

4. Is the finished basement included in the listed living area?
No. The listed living area of 1,314 sqft typically refers to above-grade space. The fully finished basement provides additional living area, which is a valuable bonus not reflected in that main square footage figure.

5. Who might this home not suit?
It may not suit buyers seeking a modern, open-concept layout or extensive recent renovations, as the floorplan reflects its era. Those prioritizing a very large interior or a brand-new home might find better options elsewhere, potentially at a higher price point.