Property Overview: 106 Stoney Lake Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 106 Stoney Lake Bay in the Meadows neighbourhood presents a practical and value-conscious opportunity. Built in 1989, it offers 1,301 sqft of living space on a 4,999 sqft lot, placing it squarely in the average range for size both within the broader city and its immediate area. Its primary appeal lies in its financial positioning. The home’s assessed value is notably below average for its specific street, suggesting a potentially lower property tax burden relative to its neighbours. This, combined with a sold price in the $350k-$400k range in 2022, indicates it may attract buyers seeking an affordable entry into a stable neighbourhood.
The property would suit first-time buyers or downsizers who prioritize functional space and fiscal efficiency over premium lot size or street prominence. A thoughtful perspective is that while the lot is smaller than others on Stoney Lake Bay, it requires less maintenance, which can be a hidden benefit. Its "around average" metrics across the city suggest a home that is unlikely to over-extend a budget for its core features, representing a grounded, no-fuss option in Winnipeg’s market.
Section 2: Frequently Asked Questions
1. Is the assessed value unusually low?
Yes, compared to other homes on Stoney Lake Bay, its assessed value is in the bottom tier (ranked 47th out of 49). This could be due to factors like the smaller lot or the home’s specific condition. It generally translates to lower property taxes, but it's wise to understand the reasons behind the assessment.
2. How does the lot size impact the property?
At 4,999 sqft, the lot is below the street average but close to the average for the Meadows area. This means outdoor space is more manageable but may feel limited compared to immediate neighbours. It’s a trade-off between lower maintenance and less private yard space.
3. What does the sold price history indicate?
The home sold for between $350,000 and $400,000 in 2022. This price was around the median range for the city at that time, indicating a market-value transaction. It provides a recent benchmark for the home’s market worth.
4. Is the living space sufficient for a family?
At 1,301 sqft, the living area is very close to the Winnipeg city average. It typically provides adequate space for a small to medium-sized family, comparable to many other homes in the broader area, though it is slightly smaller than the average on its own street.
5. How can I get the exact historical sold price?
The exact sold price is not publicly displayed. You can request it by email via the button on the property page. The service is manual, with a promise of a reply by the end of the same day, and your email will not be used for unsolicited marketing.