Property Overview: 75 Greensboro Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated home on Greensboro Bay presents a compelling blend of space, vintage, and value. Its primary appeal lies in its generous, above-average lot size of nearly 6,900 sqft—a standout feature on its street and within the wider Waverley Heights neighborhood, offering ample outdoor potential. Built in 1981, the house is notably newer than most comparable homes in its immediate area, suggesting potentially fewer age-related concerns than neighbors.

While the living area (1,040 sqft) is modest relative to nearby homes, its assessed value aligns closely with local averages, indicating the market recognizes its overall package. This creates an opportunity: you’re acquiring a newer home on a larger-than-typical lot in an established area, without a premium price for the extra land.

This property would suit a buyer who prioritizes outdoor space for gardening, recreation, or future expansion over a large interior footprint. It’s ideal for someone seeking a manageable-sized home in a mature neighborhood, who values the practical advantages of a relatively newer build and the rarity of a larger lot. It represents a pragmatic choice for a first-time buyer, downsizer, or investor looking for a solid asset in a stable area.

Section 2: Frequently Asked Questions

1. Is the living area too small?
At 1,040 sqft, the home is cozier than the average on its street. However, this is balanced by the significantly larger lot and the newer build year. It’s a trade-off that favors outdoor space and modern construction over interior square footage.

2. How does the assessed value compare?
The assessed value of $391k is consistently “around average” at every level—street, neighborhood, and city-wide. This suggests the property is priced fairly within the current market framework, neither overvalued nor a standout bargain.

3. What does “newer build” really mean for a 1981 home?
While not new, being built in 1981 places it among the newest 2% of homes on its street. This can imply updated building codes, materials, and systems for its era, possibly leading to lower immediate maintenance costs compared to older neighboring houses.

4. Is the large lot a benefit or a burden?
It’s a significant benefit for those wanting space, but it does mean more yard maintenance. The lot size is a key differentiator, offering privacy, room for additions like a shed or deck, and a sense of openness uncommon in the area.

5. How stable is the neighborhood value?
The property’s metrics are consistently average or better against local and city-wide benchmarks. This indicates it exists in a stable, established area without extreme highs or lows, which typically translates to lower investment risk and steady long-term value.