Property Overview: 10 Long Point Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 10 Long Point Bay in the Meadows neighbourhood is a practical and well-situated property. Built in 1986, it is notably newer than many homes on its own street and across Winnipeg, suggesting potentially fewer major age-related concerns. With 1,040 sqft of living space, the house offers a comfortable, average-sized layout for the area, suitable for a small family, a couple, or a downsizer.
The appeal lies in its established neighbourhood setting and its recent sale history (sold between $400k-$450k in 2024), which provides clear, modern market context. The lot, at 3,599 sqft, is smaller than most in the Meadows and city-wide, which translates to less yard maintenance—a plus for those seeking a manageable outdoor space. Its assessed value is consistently around the average for its immediate area, indicating it is priced in line with local expectations.
This property would best suit value-conscious buyers looking for a move-in-ready home in a mature community. It’s ideal for those who prioritize a newer build year within an older neighbourhood and prefer a smaller, low-maintenance yard. It may also appeal to an investor or first-time buyer given its straightforward, average metrics and recent resale activity.
Section 2: Frequently Asked Questions
1. How does the lot size impact this property?
While the land area is smaller than the neighbourhood and city averages, this results in less yard upkeep. It’s a trade-off that offers more time and lower maintenance costs, which can be a benefit for many modern buyers.
2. The home was built in 1986. What should I consider?
A 1986 build is relatively newer for Winnipeg. While this can mean updated building materials and systems compared to much older homes, it is still nearly 40 years old. A thorough inspection of the roof, windows, and major mechanical systems (furnace, electrical) is always recommended.
3. What does the recent sale price (2024) tell me?
The $400k-$450k sale price from 2024 provides a reliable benchmark of the home’s very recent market value, reducing guesswork compared to older sales data. It shows strong, current demand for properties in this range and location.
4. Is the living space sufficient for a family?
At 1,040 sqft, the living area is typical for the street and slightly below the neighbourhood average. It comfortably accommodates 2-3 bedrooms. Families should consider their space needs against the efficient layout, as it may require creative use of space compared to larger, newer suburban homes.
5. How does the assessed value relate to the likely market price?
The municipal assessed value ($35,600) is for tax purposes and is typically lower than market value. The 2024 sale price is a far more accurate reflection of what the home is worth in the open market. The assessment being "around average" for the street simply indicates the property is not an outlier in the city’s valuation system.