Property Overview: 98 Rampart Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 98 Rampart Bay in Maybank presents a distinct profile defined by its established neighbourhood and specific metrics. Its key appeal lies in offering above-average interior space (1,032 sq ft) and a generous lot (3,908 sq ft) for its immediate street and area, suggesting a comfortable footprint within a mature setting. Built in 1954, it is one of the older homes on its block, which can imply well-proven construction and established landscaping, but also signals a likely need for updates. The assessed value is notably low compared to the wider city, which may indicate a lower property tax burden but also reflects the home’s age and potentially its condition relative to the broader market.

This property would suit a pragmatic buyer—perhaps a first-time homeowner, an investor, or a downsizer—who values space and land in a quiet area over a modern, turn-key condition. It’s a home for someone comfortable with a project, whether that’s gradual updates or simply maintaining a character property. The data suggests its value is highly localized; it stands out positively on its own street but is considered more average or below average when compared to the wider Maybank area and Winnipeg city, making it a very specific, value-driven opportunity.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
Assessed value for tax purposes doesn't always equal market value. This lower assessment is likely due to the home's age (1954), its specific condition, and the valuation of similar older homes in this established neighbourhood, potentially resulting in lower annual property taxes.

2. How does the living area compare to nearby homes?
With 1,032 sq ft, this home offers more living space than most (top 7%) of its direct neighbours on Rampart Bay. However, it is slightly below the average home size across the entire city.

3. What does the "Year Built" ranking mean?
Being in the "Top 2%" for year built on its street means 98 Rampart Bay is one of the oldest homes on the block (rank 1 of 60, where newer is usually ranked better). This points to its established character but also suggests systems and components may be older.

4. Is the lot size a significant feature?
Yes. The lot of 3,908 sq ft is larger than most (top 15%) on Rampart Bay, offering good outdoor space for its immediate location. This is a key asset for gardening, privacy, or future expansion, especially in an older neighbourhood.

5. Who would this property be best for?
It's best suited for a buyer who prioritizes interior and land space within a specific budget, and who is prepared for the maintenance or updates typical of a home from the 1950s. It represents a grounded opportunity in an established area rather than a modern, luxury purchase.