Property Overview: 67 Portside Drive, Winnipeg

Key Characteristics & Buyer Profile

This home presents a compelling value proposition centered on its premium assessment and modern build within a well-established neighbourhood. Built in 2008, it offers contemporary construction benefits without being brand new. At 1,800 sqft, the living space is notably efficient for city-wide standards (ranking in the top 17%) though it is slightly more modest compared to its immediate neighbours in Normand Park. The true standout feature is its $784,000 assessed value, which places it in the elite top 2% city-wide and the top 9% on its own street. This indicates a perceived premium worth, likely driven by the property's condition, specific location on the street, or lot attributes. The 5,770 sqft lot is above average for the street, offering good outdoor space.

Its appeal lies in this combination of a modern, manageable home on a good lot within a mature area, carrying an assessment that suggests high-quality finishes or a desirable setting. It would suit value-conscious buyers who prioritize a newer home to minimize immediate repairs, and who understand that a higher assessment, while impacting property taxes, can also reflect a solid investment in a desirable micro-location. It’s a strong fit for professionals or small families looking for a move-in-ready property in a stable community, where the home’s size promotes efficiency rather than excess.

Frequently Asked Questions

1. Why is the assessed value so high compared to the living area?
The assessment is based on many factors beyond square footage, including the home's condition, finishes, exact location on the street, and the desirability of the lot. Its "elite" city-wide ranking suggests it possesses qualities that appraisers value highly, even with a efficient floor plan.

2. How does the sold price from 2016 relate to today’s value?
The 2016 sale price (in the $650k-$700k range) is a historical data point. Given the significant increase in assessed value to $784k, it primarily illustrates market appreciation and improvements made over the past eight years, but does not determine current market value.

3. Is the property tax bill likely to be high?
Yes, property taxes are calculated based on the mill rate and this assessed value. With an assessment in the top 2% city-wide, owners should anticipate a correspondingly higher-than-average tax bill, which should be factored into the budget.

4. The living area is below average for the street. Is that a concern?
This depends on your needs. It indicates the home is more efficiently designed or compact than some neighbours. For some buyers, this means less space to heat, clean, and maintain, which can be an advantage. It’s important to verify if the layout feels spacious for its size.

5. How can I get the exact historical sold prices?
Due to industry regulations, exact sold prices are not published on the site. You can request the exact figures by email from the provider, who will manually look up and send the verified transaction history.