Property Overview: 8 Rampart Bay, Winnipeg

Key Characteristics & Appeal

This home at 8 Rampart Bay in Maybank is a study in contrasts, offering a unique value proposition. Built in 1954, it is one of the oldest homes on its street, which can imply a well-established, mature streetscape. With 1,032 sqft of living space, it is notably larger than most direct neighbors, ranking in the top 7% on Rampart Bay for size. This suggests a home that may have been expanded or simply offers more generous room proportions than others from its era in the immediate area.

The primary appeal lies in its value positioning. The assessed value is significantly below both the neighborhood and city-wide averages. For a buyer, this creates an opportunity to acquire above-average interior space for the street at a below-average cost basis. The lot size is standard for the street but smaller than typical lots in wider Maybank and the city, indicating a lower-maintenance yard.

This property would best suit a pragmatic first-time buyer or an investor looking for a solid entry point into a stable neighborhood. It’s for someone who prioritizes interior space over a large yard and sees potential in a home that is older than its neighbors but offers a favorable size-to-value ratio. The data suggests it’s not a luxury purchase, but a practical one with clear, quantifiable advantages in its micro-location.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
Assessed value is for taxation purposes and is influenced by many factors, including home age, condition, and specific location. This home’s value is below average for Maybank and Winnipeg, largely reflecting its older age and smaller lot size relative to the broader market, which can represent a key value opportunity.

2. The home is older than most on the street. Is that a concern?
Being the oldest (ranked #1 out of 60 on the street for year built) means it has stood the test of time in a desirable location. However, it likely requires a thorough inspection to understand the condition of major aging components like the roof, foundation, and plumbing, which is a standard step for any older home.

3. How does the living area compare meaningfully?
At 1,032 sqft, this home offers more interior space than 93% of its immediate neighbors (where the average is 966 sqft). This is its standout feature, meaning you get more house for the street, even if the lot is standard-sized.

4. What does the sold price history indicate?
It last sold between 2017-2025 for an estimated $150k-$200k. This historical range, combined with its current assessed value of $240k, suggests market appreciation. For an exact sale price, you can request details via email from the listing source.

5. Who are the most likely competing buyers?
Given its profile, competition will likely come from value-conscious buyers entering the market and investors. It’s less likely to attract buyers seeking modern builds or large lots, which helps focus the pool of interested parties.