Property Overview: 15 Stoney Lake Bay, Winnipeg
Key Characteristics & Appeal
This home at 15 Stoney Lake Bay in the Meadows neighborhood presents a compelling blend of space, value, and relative modernity. Built in 1992, it is newer than most homes on its street and across Winnipeg, which often translates to fewer concerns about aging major systems. With 1,223 sqft of living space, it offers a practical footprint that is comfortably within the average range for the area, suitable for a small family, couple, or empty-nesters.
The property’s standout features are its above-average assessed value and generous lot size. The assessed value ranks in the top 29% on its own street and top 28% in the broader Meadows area, suggesting it is perceived as a higher-value home within its peer group. The lot of 5,799 sqft is notably larger than many in the immediate vicinity, offering valuable outdoor space for gardening, recreation, or future expansion.
Its appeal lies in this balance: it’s a well-situated, newer home on a good-sized lot that holds its value well compared to neighbors. It would suit value-conscious buyers looking for a home that stands out in its immediate community without an extreme price tag, or those who prioritize a newer build and outdoor space over a maximized interior square footage.
Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value of $45,400 is for municipal tax purposes. Historical data shows the home sold for an estimated $350k–$400k in 2019. Market price is determined by current conditions, but the consistently above-average assessment indicates it has been a higher-value property in its groupings.
2. Is the living space sufficient for a growing family?
At 1,223 sqft, it is slightly below the average for its specific street but around the average for the wider Meadows area. It represents a efficient, mid-sized layout. Families should consider if the configuration and number of bedrooms meet their long-term needs, as the square footage is practical but not expansive.
3. What are the implications of the home being built in 1992?
A 1992 build is a significant advantage, placing it in the top 10% of homes by age on its street. This typically means construction methods and materials are more modern, and major components like roofing, windows, and heating systems may have more usable life left than in older homes, though their specific condition should always be verified.
4. How does the lot size compare, and what are the benefits?
The lot of 5,799 sqft is above average for both the street and the Meadows neighborhood. This provides more private outdoor space than many nearby properties, which is a premium feature for privacy, gardening, play areas, or potential additions like a shed or deck.
5. Where can I see more detailed comparisons with neighboring properties?
You can use the provided link to open the neighbourhood analysis page, which maps nearby houses and allows for detailed comparison of year built, living area, assessed value, and lot size. For precise historical sold price data, you can request the exact figure via email from the listing service.