Property Overview: 91 Thunder Bay, Meadowood, Winnipeg
Key Characteristics & Buyer Profile
This home at 91 Thunder Bay is a practical, no-frills property that presents a clear value proposition. Built in 1975, it is notably one of the newest homes on its street, which may suggest fewer age-related issues than some neighbours. With 980 sqft of living space, the house is compact—smaller than average for the street and the city—making it efficient and manageable. The lot size of approximately 5,940 sqft is a standout, offering above-average outdoor space for the Meadowood area, which is a significant asset for a home of this size.
Its appeal lies in its straightforward affordability and low-maintenance potential. The assessed value is consistently around the average for its neighbourhood, indicating a stable, entry-level price point within the market. This property would best suit first-time buyers, downsizers, or practical investors looking for a solid foothold in a mature neighbourhood without a complex or oversized home. The generous lot offers room for gardening, play, or future expansion, providing a less obvious upside that isn't reflected in the living area alone.
Frequently Asked Questions
1. Is the house in good condition given its age?
While built in 1975, it's one of the newest on its block. However, as a 51-year-old home, a thorough inspection is essential to understand the current state of major systems like roofing, plumbing, and electrical.
2. How does the smaller living area impact livability?
The 980 sqft layout will be efficient and cost-effective to heat and maintain, but may feel cozy for a growing family. It's ideal for individuals, couples, or those looking to minimize their living space.
3. What are the advantages of the larger lot?
The lot is larger than many in Meadowood. This provides valuable outdoor space for recreation, gardening, or storage, and could be a long-term asset for adding a deck, shed, or even an extension (subject to zoning).
4. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is typically lower than market value. It indicates a stable, mid-range tax burden for the area, but the final sale price will be determined by current market conditions.
5. What is the neighbourhood like?
Meadowood is a long-established, residential neighbourhood. The listing shows nearby homes of similar vintage and value, suggesting a consistent, mature community character. For detailed amenities, traffic, and schools, further local research is recommended.