Property Overview: 158 Tychonick Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 158 Tychonick Bay in the Meadows neighbourhood presents a compelling mix of modern convenience and value positioning. Built in 2012, it is a notably newer home compared to most in Winnipeg, ranking in the top 10% city-wide for its year of construction. This translates to likely fewer major maintenance concerns and modern building standards.
With 1,626 sqft of living space, the home offers above-average roominess for both the city and the Meadows area, providing comfortable space for a family. The assessed value of $49.40k positions it as a more accessible entry point on its own street, where it's below the local average, yet it holds above-average value when compared to the wider neighbourhood and city. The lot size of 4,894 sqft is manageable, offering outdoor space without the burden of extensive upkeep.
Its primary appeal lies in this balance: you acquire a relatively new, spacious home in a mature neighbourhood at an assessed value that is competitive, especially within its immediate area. It would suit first-time buyers or growing families looking for a move-in-ready home without the premium often attached to new builds in brand-new subdivisions. It also represents a savvy option for value-conscious buyers who prioritize the modern infrastructure of a newer home but want the established character of a community like Meadows.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value is for municipal tax purposes and is not a direct indicator of market price. However, it provides a benchmark for comparison. This home's assessed value is below the street average but above the area average, suggesting it may be priced competitively within the broader market.
2. What are the implications of the home being newer than most on the street?
A 2012 build (14 years old) is among the newest on Tychonick Bay. This typically means newer major systems (like HVAC, roof, and wiring), potentially lower immediate repair costs, and modern layouts. It may stand out compared to older neighbouring homes.
3. The lot is smaller than others on the street. Is that a significant drawback?
At 4,894 sqft, the lot is below the street average but close to the neighbourhood average. This could mean less backyard maintenance and landscaping cost, which some buyers may prefer. It’s a trade-off between expansive outdoor space and practicality.
4. The home last sold between $350k-$400k in 2017. How is that useful?
This historical sale price provides a past market anchor. Understanding how the market has moved since 2017, in conjunction with current assessments and comparable sales, is essential for determining today's fair market value.
5. Why is the living area considered above average city-wide?
The average living area for a Winnipeg home is about 1,342 sqft. At 1,626 sqft, this property offers approximately 20% more space than the typical city home, which is a significant advantage for buyers seeking room to grow without moving to an oversized or premium-priced property.