Property Overview: 23 Pembridge Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 23 Pembridge Bay in Meadowood presents a specific value proposition centered on its lot and location. Built in 1973, it is one of the newer homes on its street. The key feature is the land: at 5,698 sqft, the lot size is above average for both the immediate street and the broader Meadowood area, offering more outdoor space than many comparable properties.
The living area (892 sqft) is modest, placing it below the average for the neighbourhood and city. This suggests a home better suited for efficient living or those comfortable with a cozier footprint. The assessed value is consistently around the average for its local context. The property’s appeal lies in this balance—a newer-than-average home for the street on a generous lot, with a correspondingly efficient interior size. It would suit first-time buyers, downsizers, or investors looking for a land-value play in a stable neighbourhood, who prioritize outdoor space over expansive square footage indoors.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 892 sqft, the home is compact. It’s best for individuals, couples, or small families comfortable with efficient design. The trade-off is the larger-than-average lot, which can extend living space outdoors.
2. What does the "Elite" ranking for Year Built mean?
This indicates the home (built 1973) is among the very newest on Pembridge Bay itself, ranking 1st out of 46 comparable homes on the street. It may suggest updated core systems compared to older neighbours.
3. How does the lot size compare practically?
The 5,698 sqft lot is notably larger than many in Meadowood. This is a significant advantage for gardening, recreation, privacy, or future expansion, setting it apart from properties with similar interior square footage.
4. Why is the assessed value different from the city-wide average?
The city-wide average assessed value shown (~$390k) includes all property types and areas. A more accurate comparison is the local average of ~$37,600 for similar homes in Meadowood, where this property’s assessment is aligned.
5. How can I find the exact past sale price?
The listed sale price range is based on public data. To obtain the exact historical sale figure, you can use the email request service provided on the listing page for a manual, prompt reply.