Property Overview: 54 Strewchuk Bay, Winnipeg
Key Characteristics & Appeal
This home at 54 Strewchuk Bay is a well-positioned property in the Leila-Mcphillips Triangle neighbourhood. Built in 1988, it offers 1,712 sqft of living space on a generous 7,597 sqft lot. The data suggests its primary appeal is in its balanced value and above-average land size. While the house itself is of a moderately modern vintage and average size for its immediate street, it stands out for its assessed value, which ranks in the top 11% on its bay. This indicates it is viewed as a higher-value property relative to its closest neighbours. The lot size is consistently above average across all comparison levels, offering more outdoor space than many city homes.
The property would likely suit practical buyers looking for a solid footprint in a established neighbourhood. It’s a fit for someone who values a larger yard over a maximized interior square footage, and who appreciates a home with a strong assessed value foundation. The sale history shows steady price growth, suggesting it's in a stable area. A thoughtful perspective is that this home might represent an opportunity for buyers who prioritize land and value metrics, and are comfortable with a house that has potential for updates rather than being a move-in-ready showcase.
Frequently Asked Questions
1. How does the assessed value compare to likely market price?
The assessed value is a strong $522,000, placing it well above average for the street. However, market price is influenced by current conditions, finishes, and demand. Recent sold prices on the property (between $450k-$500k in 2020) provide a more direct, though historical, market comparison.
2. Is the living space smaller than average?
Within the Leila-Mcphillips Triangle area, the living area is near the neighbourhood average. It is, however, above the overall citywide average. The home offers a comfortable size, but buyers seeking very spacious interiors may find larger options in the immediate area.
3. What does the lot size offer?
At over 7,500 sqft, the lot is a key feature. It provides ample room for gardening, recreation, expansions like a deck or garage, and simply more privacy than smaller urban lots. This is a significant advantage for families or outdoor enthusiasts.
4. What can the sale history tell us?
The home sold previously in 2017 and 2020, showing appreciation in that period. This pattern indicates a stable and desirable location. The history does not suggest frequent turnover, which can be a sign of a satisfied community.
5. Are there any obvious concerns about the home's age?
Built in 1988, the home is nearing 40 years old. While this isn't unusual for Winnipeg, it does mean key systems like the roof, windows, furnace, and plumbing may be due for inspection, updates, or replacement. This should be factored into budgeting and offers.