Property Overview: 132 Culross Bay, Winnipeg

Key Characteristics & Appeal

This home at 132 Culross Bay in the Meadows neighbourhood presents a compelling blend of space and value. Its primary strength is its generous living area of 1,743 sq ft, which ranks in the top 4% of homes on its own street and well above average for both the Meadows area and the wider city. This suggests a home that offers more room than most in its immediate market, ideal for growing families or those who value spacious interiors.

The lot size of 5,598 sq ft is also notably above average for the street and neighbourhood, providing ample outdoor space. Built in 1980, the home is of a vintage common to its area. Its assessed value is consistently around the average mark when compared locally, which, paired with its above-average square footage, indicates a potentially efficient value proposition—you may be acquiring more space per dollar here than in many comparable listings.

The appeal lies in this balance: significant interior and land space within a established neighbourhood, without a premium price tag reflected in the assessment. It would suit practical buyers looking for room to grow, who prioritize liveable space over a newer build and are comfortable with a home from the early 80s. A thoughtful perspective is that while the home is older than many in the Meadows area, its size advantages are significant, making it a project-friendly canvas for someone willing to update a solid, spacious structure.

Frequently Asked Questions

1. How does the sold price history inform the current value?
The home sold between $250k-$300k in 2018. That price ranked in the lower tiers (63rd-86th percentile) compared to sales at the time, which is consistent with the current assessment being average. This history suggests a pattern of being a value-oriented property, not a premium-priced one.

2. What does the "below average" ranking for Year Built in Meadows mean?
In the Meadows area specifically, many homes were built later than 1980. This ranking indicates this home is among the older 15% in the neighbourhood. Buyers should consider this in the context of potential maintenance or update needs versus the character and established lot sizes often found with older homes.

3. Is the assessed value a reliable indicator of market price?
Not directly. The assessed value (37.50k) is for taxation purposes. The key takeaway is its relationship to other metrics: it's average for the area while the living space is well above average. This disconnect often signals a property where the market price could be influenced more by its usable space than by its official assessment.

4. What are the implications of such a large lot size?
At 5,598 sq ft and ranking in the top 17% on the street, the lot is a major asset. It offers greater privacy, landscaping potential, and outdoor living space than most nearby properties. For the right buyer, this expands the home's potential beyond its interior square footage.

5. How current is the sales data provided?
The exact sold price is from 2018. The page notes that more recent data may be incomplete from public sources, and they offer to provide the exact price via email. For a current market valuation, consulting a local real estate professional for a comparative market analysis is essential.