Property Overview

This home at 27 Northcote Bay in Winnipeg’s River East neighborhood presents a solid, above-average offering in several key categories. Its primary appeal lies in its balanced positioning—it’s a property that consistently performs better than most comparable homes in the broader area without being an extreme outlier on its own street. Built in 1981, the 1,620 sqft residence sits on a 5,525 sqft lot and carries a $460k assessed value.

The key characteristic here is stability. The living space is comfortably above both neighborhood and city averages, suggesting a well-sized home for a family. While the lot size is smaller than many in River East, it is closer to the citywide norm, potentially offering a manageable yard with less maintenance. The assessed value sits above area averages, indicating the property is viewed favorably within the municipal framework, yet it remains in the middle of the pack on its specific street. This profile suits practical buyers looking for a move-in-ready home in an established neighborhood, who prioritize interior space over expansive land, and who appreciate a property that holds its value well relative to the wider market.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
Public records show a home on Northcote Bay sold for between $400k-$450k in late 2019. With a current assessed value of $460k, this property is positioned at a premium to that last known sale, reflecting market changes and its specific attributes.

2. Is the lot size a disadvantage?
While the lot is below the River East neighborhood average, it is near the citywide average. This could mean less yard maintenance and lower exterior upkeep costs, which some buyers may prefer. It’s a trade-off between land and convenience.

3. The home was built in 1981. What should I consider?
A home from this era is likely to have undergone several updates. It’s crucial to investigate the age and condition of major systems like the roof, windows, furnace, and electrical panel, as these could be nearing the end of their typical lifespan.

4. The assessed value is above neighborhood and city averages. What does that mean?
A higher assessed value generally suggests the municipality views the property as having above-average features or condition compared to peers. It can be a marker of value, but it’s also a factor in calculating your annual property taxes.

5. How can I verify the exact historical sale prices?
The provided sold price data is an estimate from public records. For fully verified figures and a complete transaction history, you must request a manual lookup from the site, as MLS data is not displayed here due to industry regulations.