8 Wakefield Bay

Property Overview

8 Wakefield Bay is a well-situated, single-storey home in the established Pulberry neighbourhood. Built in 1961, it sits on a generous, mature lot of nearly 6,000 sq ft, which is notably larger than most in the immediate area. The home itself offers 1,134 sq ft of living space and features a renovated basement. It does not have a garage or pool. The property’s assessed value is in line with many comparable homes across Winnipeg.

Key Characteristics & Appeal

The primary appeal of this property lies in its combination of a spacious lot and a solid, updated foundation in a mature neighbourhood. Its lot size is a significant asset, ranking in the top third on its street and offering ample outdoor space—a relative rarity for the area. The renovated basement adds functional living space and modern convenience without the need for immediate work.

This home would suit first-time buyers or downsizers looking for a manageable single-level layout in a quiet, established community. It’s also a practical choice for value-conscious buyers who prioritize land size over a large interior footprint, seeing the potential for future gardens, expansion, or simply enjoying more private outdoor space than newer subdivisions typically offer. A less obvious perspective is its appeal to those who appreciate statistical value; the data shows it outperforms many neighbourhood and city averages for lot size and living area on its street, suggesting a property that stands out in its immediate locale.

Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics should be verified, a listing noting a renovated basement usually indicates finished living space, which may include updated flooring, walls, and ceilings, potentially creating a family room, office, or additional bedrooms.

2. How does the lack of a garage affect daily life and value?
For many in established neighbourhoods, street parking is common. Buyers should consider their comfort with this and the potential for adding a driveway or garage in the future, subject to local bylaws. The large lot may provide space for such an addition.

3. The home is over 60 years old. What should I be mindful of?
While the basement has been renovated, a thorough inspection is essential to assess the condition of major aging components like the roof, plumbing, electrical systems, and the foundation itself.

4. The assessed value is $37,300, but the selling price will be different. Why?
Municipal assessed value is for tax purposes and is often significantly lower than market value. The selling price will be determined by current market conditions, the home’s specific features, and buyer demand.

5. What is the Pulberry neighbourhood like?
Pulberry is a long-established, residential neighbourhood in Winnipeg. It offers a quiet, community-focused atmosphere with mature trees and parks, typically attracting those seeking a settled, central location without the premium of newer or trendier areas.