Property Overview: 154 Tychonick Bay, Winnipeg
Key Characteristics & Appeal
This home, built in 2012, offers modern construction in Winnipeg's Meadows neighbourhood. With 1,844 sqft of living space, it provides ample room and ranks well above average for size both within the broader area and city-wide. The lot is a manageable 4,894 sqft, which is slightly smaller than others on its street but typical for the Meadows, suggesting a lower-maintenance yard.
The primary appeal lies in its balance of space, modern age, and established neighbourhood context. It’s a home that offers newer-build benefits (like contemporary layouts and systems) without being in a brand-new subdivision. Its assessed value positions it as a premium property within the Meadows, indicating a desirable location within that community.
This property would suit buyers looking for a move-in-ready, modern family home in a mature neighbourhood. It’s ideal for those who prioritize interior space over a very large lot and appreciate a home that stands out in its immediate area for its newer construction. The historical sale data suggests steady value appreciation, appealing to those with an eye for long-term investment.
Frequently Asked Questions
1. How does this home compare to others on the street?
It has a newer build year than most neighbours, ranking in the top 8% on Tychonick Bay. The living space is about average for the street, while the lot size is somewhat smaller than the street average.
2. What does the "Elite" ranking for Year Built in the Meadows mean?
It means this 2012-built home is among the newest 1% of comparable properties in the entire Meadows area, where the average build year is 1990. This is a significant advantage in terms of modern building standards and likely reduced need for near-term updates.
3. The lot is smaller than the street average. Is that a concern?
It depends on your priorities. The lot is very close to the average size for the Meadows neighbourhood overall. This often translates to less yard maintenance while still providing outdoor space, which many buyers see as a practical benefit.
4. The assessed value seems high for the area. Why?
The assessed value is well above the average for the Meadows, ranking in the top 12%. This is likely influenced by the home's newer age, size, and specific location. It generally reflects the city's view that this is one of the more valuable properties in the neighbourhood.
5. How has the property's value changed over time?
Based on available sold price ranges, the home's value increased from an estimated $400k-$450k in 2017 to $450k-$500k in 2022. This indicates positive momentum, with its value ranking improving from the top 31% to the top 14% in the Meadows area over that five-year period.