Property Overview: 7 Vera Bay, Winnipeg

Key Characteristics & Appeal

This home at 7 Vera Bay in Margaret Park is a property defined by its substantial lot and solid, middle-of-the-road fundamentals within a desirable context. Built in 1968, the 1,255 sqft house sits on a notably large 9,236 sqft lot, which is the home's most distinguished feature. While the living area and assessed value are generally average compared to the immediate street and city-wide, the property's position within the Margaret Park neighbourhood is strong. Its lot size ranks in the top 2% for the area, offering exceptional outdoor space potential that is rare for the neighbourhood. Similarly, its assessed value sits in the top 9% locally, suggesting it is viewed as a above-average asset within this specific community.

The appeal lies in securing a property with a premium, spacious lot in an established neighbourhood, paired with a house that presents a straightforward canvas. It suits buyers who prioritize land size and location over a modern or recently renovated interior. It would be ideal for someone looking for room to garden, expand, or simply enjoy generous outdoor space, and who is comfortable with a home that may require updates reflective of its era. A thoughtful perspective is that this property represents a strategic entry into a well-regarded area where the land itself is the appreciating asset, with the house offering functional living space to build upon.

Frequently Asked Questions

1. How does the lot size compare to typical Winnipeg properties?
The lot is significantly larger than average. At 9,236 sqft, it ranks in the top 8% city-wide, meaning it offers more outdoor space than over 92% of comparable properties in Winnipeg.

2. What does the "above average" assessed value in Margaret Park indicate?
It suggests that for the Margaret Park neighbourhood specifically, this property is officially valued higher than about 91% of comparable homes. This often reflects the desirability of the location and specific attributes like the large lot, even if the house itself is of average size.

3. When was it last sold, and for approximately how much?
The home was sold in 2020, with the public price data indicating a range of CA$300,000 to $350,000.

4. Is the living space considered large for the area?
At 1,255 sqft, the living area is slightly below the current average for Margaret Park (1,283 sqft) but remains above the city-wide average. It offers standard family-sized accommodation without being overly expansive.

5. How can I find out the exact historical sold price?
The exact sold price is not published in the public listing data. You can request it directly by email through the listing service; they provide the accurate figure manually and state they do not use email addresses for unsolicited marketing.