Property Overview: 475 Locksley Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This well-established home in Munroe East offers a practical footprint of just over 1,000 square feet on a near 5,000 sqft lot. Built in 1958, its key appeal lies in its solid, average positioning within its immediate neighborhood. The data shows it aligns closely with the norms for Locksley Bay and Munroe East in terms of living space, lot size, and assessed value, suggesting a home that fits comfortably within the community fabric without extreme outliers. A notable point is that it is the newest home on its specific street block, which may hint at updated infrastructure or construction relative to its closest neighbors.

Its primary suit is for the pragmatic buyer seeking an entry into a stable neighborhood without the premium of a newer or significantly larger property. It represents a straightforward, middle-ground option—neither the smallest nor the largest, but a manageable size for a small family, couple, or investor. The value perspective is grounded: while its assessed value sits below the citywide average, it is squarely average for its area, indicating you are paying for location and community rather than excessive square footage. This is a property for those who prioritize neighborhood fit and livability over standout features or maximum space.

Section 2: Frequently Asked Questions

1. How does this home truly compare to others nearby?
The data indicates it is very representative of its street and the broader Munroe East area. Its living area, assessed value, and lot size are all consistently around the 50th percentile locally, meaning it is a typical, not an exceptional, property in its immediate context.

2. What does it mean that it's the "newest" on its street?
Built in 1958, it ranks in the top 3% for year built on Locksley Bay. This doesn't mean it's a new build, but rather that most houses on the street are slightly older. This could suggest potentially fewer major age-related issues compared to immediate neighbors, but a full inspection is still essential.

3. Is the assessed value a reliable indicator of the selling price?
The assessed value of $300k is a municipal tax valuation. Notably, the home sold between $300k-$350k in 2021, aligning with that assessment. Market conditions change, but this history shows a past correlation.

4. How does the lot size impact potential?
At 4,986 sqft, the lot is slightly below average for the street but average for Munroe East. It provides standard outdoor space for a home of this era—sufficient for a garden and patio, but not for extensive additions without careful planning.

5. Where can I get more specific historical data, like the exact past sale price?
The listing service notes that exact sold prices are provided manually via email request, as public records often show ranges. They commit to providing this precise data upon request without using your email for marketing.