Property Summary

Key Characteristics & Buyer Profile

This property is a compact, entry-level home located in the Bear Creek Bay area of South Pointe West, Winnipeg. Its most defining feature is its size and assessed value, which rank in the bottom 1% citywide. The living area is well below average for the neighbourhood, and the land area (2,685 sqft) also falls in the bottom tier locally—though less drastically so citywide, ranking in the bottom 7%. The home was built in a period that is also below average for the area.

The appeal here lies in affordability within a generally higher-value neighbourhood. For a buyer who wants to be in South Pointe West—an area known for larger, more expensive homes—this property offers a lower entry point than almost anything else nearby. It would suit someone prioritizing location over square footage, such as a first-time buyer, a downsizer, or an investor looking for a smaller footprint in a desirable pocket of the city. The trade-off is clear: you’re paying for the street and the area, not for the size of the house or lot. It’s a grounded choice for someone who values access over space.

Five Possible FAQs

1. How does the property’s assessed value compare to others on the same street?
The assessed value is in the bottom 1% of homes on Bear Creek Bay. The average assessed value on the street is roughly $405,500, so this home is significantly below that figure.

2. Is the land size very small, or just average for the area?
The land area is 2,685 sqft, which is below average for South Pointe West (bottom 3%) and for Winnipeg as a whole (bottom 7%). It’s a compact lot, though not an outlier citywide.

3. Why does the property rank so low in living area and value, but less so in land area?
The home is smaller and less valuable than most in its immediate neighbourhood, where larger, pricier homes dominate. Its lot size, while still below average, is less extreme in comparison to citywide norms, meaning the house itself is more of a mismatch for the area than the land is.

4. Would this property be a good candidate for renovation or expansion?
That depends on zoning and setback rules specific to South Pointe West. The small lot may limit expansion options. A potential buyer should check local bylaws before assuming they can add significant square footage.

5. What type of buyer typically looks at a home like this?
Usually a buyer who wants to live in a higher-demand neighbourhood but can’t or doesn’t want to pay for a larger home. It also suits someone who values a smaller, lower-maintenance property in a quieter pocket of the city, rather than a house that needs to compete on size or prestige with its neighbours.