Property Overview & Appeal
This home at 126 Tychonick Bay in the Meadows neighbourhood presents a compelling mix of space, modernity, and value. Built in 2012, its key characteristic is its relative newness, ranking it among the top 1% of homes by age in the entire Meadows area. With 1,858 sqft of living space, it offers significantly more room than the average Winnipeg home and is above average for its immediate area.
The appeal lies in this balance. You get a modern home that likely requires less immediate upkeep, coupled with generous interior space, all on a standard city lot. The assessed value of $510k positions it as a premium property city-wide and in Meadows, yet it is notably more affordable than many homes on its own street. This suggests a potential value opportunity—a newer, spacious home for less than the immediate street average. It would suit buyers looking for a move-in ready, contemporary family home who prioritize interior space over an exceptionally large yard, and who are savvy about finding value within a desirable neighbourhood.
Frequently Asked Questions
How does the sold price compare to the assessment?
The home sold in 2023 for an estimated $500k-$550k, which aligns closely with its current $510k assessed value. This indicates the assessment is grounded in recent market activity.
Is the lot size a drawback?
At just under 5,000 sqft, the lot is typical for Meadows and the city. While not the largest on the street, it is a standard urban parcel, balancing yard space with low-maintenance living. The trade-off for a newer, larger home is often a more efficiently sized lot.
What does "below average value for the street" really mean?
This statistic is revealing. It means that compared to its direct neighbours on Tychonick Bay, this home's assessed value is in the lower 75%. Given its above-average size and newer age, this could indicate better value per dollar on this specific street, or that other homes on the street have features (like renovations, larger lots, or premium finishes) not fully captured in this data.
How does the age of the home benefit me?
A 2012 build means major components like the roof, furnace, windows, and appliances are likely still within or just beyond their typical lifespan, potentially deferring significant capital expenses for several years compared to an older home.
Are property taxes likely to be high?
With an assessed value that is high for the city but moderate for its own street, property taxes will be substantial, as they are for any home in this price range. However, they may be proportionally lower than those for similarly priced, older homes on the same block with even higher assessments.