Property Overview: 153 Summerfield Way, Winnipeg

Key Characteristics & Appeal

This home at 153 Summerfield Way is a compact, efficiently sized property in Winnipeg's River East neighborhood. Its primary characteristic is its modest 720 sqft living area, which ranks below average for its street, neighborhood, and city. The assessed value of $259k is similarly positioned below local averages, indicating a more accessible entry point into the market. The lot size is also smaller than most comparables.

The appeal lies in its value proposition and practicality. It represents an opportunity for cost-conscious buyers to enter a well-established neighborhood without the premium price tag of larger homes on the same street. A notable, less obvious strength is its year of construction (1973), which is the newest on Summerfield Way, potentially suggesting slightly newer building components compared to immediate neighbors. This property would suit first-time buyers, downsizers, or investors seeking a lower-maintenance, affordable holding in a mature community. It’s for those who prioritize financial efficiency and location over square footage.

Frequently Asked Questions

1. Is this a good value for the area?
Based on the data, the assessed value is below the average for Summerfield Way and the broader River East area. This suggests the price reflects the home's smaller size, potentially offering a value opportunity for buyers comfortable with a compact layout.

2. How does the smaller living area and lot size impact daily life?
The home requires efficient use of space and may not suit those needing multiple dedicated rooms or extensive outdoor space. However, it can mean lower utility costs, less upkeep, and a simpler, more manageable living environment.

3. The home sold in 2019. What can that price tell us?
Public records show it last sold between $200k-$250k in August 2019. While market conditions have changed, this provides a historical benchmark for price appreciation and context for the current assessed value.

4. What are the less obvious things to consider?
While the home is newer than its direct neighbors, it is still over 50 years old. A thorough inspection is essential. Also, its below-average metrics across the neighborhood mean future resale will likely continue to appeal to a specific, budget-minded segment of the market.

5. How can I verify the exact past sale price?
The website does not display exact MLS sold prices due to industry rules. You must request the exact sale history via email from the site provider, who will manually look up and send the verified figures.