Property Overview: 75 Woodford Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This 916 sqft bungalow, built in 1973, sits on a 5,298 sqft lot in Meadowood. Its core appeal lies in its position as a competitively priced entry-point into the Winnipeg market, offering a balance of modest home size with a decent, usable lot. The data reveals a nuanced picture: while the living space is below average for both the neighbourhood and city, the property holds its own on a city-wide assessment value scale. A standout characteristic is that it is the newest home on its street (ranked 1 of 34 for year built), suggesting potentially fewer immediate major repairs compared to immediate neighbours.
The home would best suit first-time buyers or practical downsizers seeking an affordable, low-maintenance footprint. Its value proposition is clear for budget-conscious buyers who prioritize a stable, established neighbourhood over square footage. A thoughtful perspective is that the below-average assessed value on its street could represent an opportunity for value appreciation through updates, as it sits among homes with slightly higher average assessments. It’s a property for those who see potential in a solid foundation and location rather than a move-in-ready showcase.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value (33.40k) is for municipal tax purposes. The last known sale was in the 250k-300k range (2021), which is a more relevant benchmark, though market conditions have changed since.
2. How does the size of this home compare to others nearby?
At 916 sqft, the living area is slightly below the average for homes on Woodford Bay (~949 sqft) and more notably below the broader Meadowood area average (~1,114 sqft). This confirms it’s a more compact, manageable property.
3. What does it mean that it’s the “newest” home on the street?
Built in 1973, it ranks 1 of 34 on its street for year built. While every home is over 50 years old, this means major components like the roof, foundation, or windows might be relatively newer than the immediate neighbours’, but a specific inspection is essential.
4. Is the lot size a pro or a con?
The 5,298 sqft lot is slightly below average for the street but very close to the average for the Meadowood area (5,554 sqft). It provides ample outdoor space for a garden or recreation without being overly burdensome to maintain.
5. Where can I see more detailed context about this specific location?
The listing references a “neighbourhood analysis page” that maps nearby houses and compares their year built, living area, assessed value, and lot size. This is useful for understanding the specific character of this pocket of Woodford Bay.