30 Appelmans Bay

Property Overview

30 Appelmans Bay is a well-established home in Winnipeg's Meadowood neighbourhood, built in 1986. Its standout feature is its generous scale, offering nearly 2,000 square feet of living space on a large, 6,738-square-foot lot. The home presents a compelling mix of space, location, and value, particularly when viewed in a broader context.

Key Characteristics, Appeal & Ideal Buyer

The primary appeal of this property lies in its above-average size and land area compared to most homes in Winnipeg and its immediate Meadowood area. With 1,985 sqft of living area, it ranks in the top 2% of homes in Meadowood and the top 11% city-wide for space. The lot size is also substantial, placing it in the top 10% on its own street. This creates significant potential for family living, entertaining, or future expansion.

While the home's assessed value ($480k) is around the average for Appelmans Bay, it is considered "Elite" (top 5%) for Meadowood and above average city-wide. This suggests you are acquiring a larger, more premium property within a desirable neighbourhood without an extreme premium attached. The 1986 build date means major components may be nearing their update cycle, which is a consideration but also an opportunity for customization.

This home would suit a practical buyer looking for space and a solid neighbourhood foundation. It’s ideal for a growing family needing room to spread out, or a value-conscious purchaser who sees potential in a home from the 1980s and is prepared for gradual updates. The large lot is a major asset for gardeners, those seeking privacy, or anyone envisioning a future deck, pool, or addition.

Frequently Asked Questions

1. How does this home’s value compare to recent sales?
The home sold in 2024 for an estimated $500k-$550k. This sale price ranked in the top 3% for the Meadowood area at the time, indicating strong market recognition for its size and location.

2. What does the "Elite" ranking for living area in Meadowood mean?
It means this home is larger than approximately 98% of the 1,668 comparable properties in Meadowood. You are getting significantly more interior space than is typical for this neighbourhood.

3. Is the assessed value a reliable indicator of the listing price?
Assessed value is for municipal tax purposes and is not a direct market appraisal. This home's assessed value of $480k is above the city average but was surpassed by its 2024 sale price, suggesting the market may value it higher.

4. What are the implications of the home being built in 1986?
A 40-year-old home often has solid construction but may require attention to aging components like the roof, windows, furnace, or kitchen and bathroom finishes. This presents both a consideration for immediate budgeting and an opportunity to remodel to modern tastes.

5. How does the lot size benefit a buyer?
At 6,738 sqft, the lot is larger than 90% of those on Appelmans Bay. This provides more outdoor space for recreation, gardening, or parking than most properties in the area, and could offer better potential for future expansions subject to local bylaws.