Property Overview: 19 Rizzuto Bay, Mission Gardens

Section 1: Key Characteristics & Appeal

This home at 19 Rizzuto Bay presents a solid, established property in Winnipeg's Mission Gardens neighbourhood. Built in 1978, its key characteristic is its relative newness compared to its immediate surroundings; it ranks in the top 3% for year built on its own street, suggesting it may have fewer age-related concerns than many neighbours. With 1,040 sqft of living space and a 5,399 sqft lot, the home offers average-sized interiors but a yard that is notably larger than many in the wider city.

The appeal lies in its strong positional value within a mature community. The assessed value of $370k ranks well above the street average (top 16%), indicating it is perceived as a premium property on Rizzuto Bay. This creates an interesting dynamic: you're acquiring a home that stands out in its micro-location for both its newer vintage and assessed value, while being part of a consistent, established area. The last sale occurred between 2022-2025 in the $350k-$400k range.

This property would suit a buyer looking for a move-in ready home in a settled neighbourhood without the premium often attached to brand-new builds. It’s ideal for someone who values space and maturity in a yard over maximizing square footage indoors. It also appeals to the pragmatic buyer who understands that a higher assessed value relative to nearby homes can reflect desirable updates or condition, but also warrants a closer look at current property taxes.

Section 2: Frequently Asked Questions

1. What does it mean that the home is "Elite" for its year built on the street?
This means that among the 38 comparable homes on Rizzuto Bay, 19 Rizzuto Bay is the newest or among the very newest (ranked #1). For a 1978 home, this indicates the street consists mostly of older houses, so this property may benefit from slightly newer construction standards, materials, or systems.

2. The assessed value is high for the street but average for the city. Is this a concern?
Not necessarily. It often means the home has been updated or is in superior condition compared to its immediate neighbours, justifying a higher valuation. However, it's wise to verify if these updates are cosmetic or substantive (like roof, windows, HVAC) and to understand how this assessment impacts your annual property taxes.

3. How usable is the land area?
At 5,399 sqft, the lot is above the city-wide average for lot size. This suggests good potential for outdoor living, gardening, or expansion, subject to local zoning bylaws. It's a standout feature for those prioritizing private outdoor space.

4. The living area is below the city average. How does the layout feel?
At 1,040 sqft, the living space is compact by current city-wide standards. This points to a traditionally efficient use of space, typical of its era. Buyers should consider if the layout meets their needs for privacy and common areas, as square footage alone doesn't speak to flow or room sizes.

5. Why is the exact sold price from 2022 not publicly listed?
Exact sale prices in Manitoba are not part of the public land registry. The provided range is estimated from public data. You can request the precise historical sale price directly from the site via email, as they manually compile this information from non-public sources.