Property Overview: 16 Stoney Lake Bay, Winnipeg
Key Characteristics & Appeal
This home at 16 Stoney Lake Bay in the Meadows neighborhood presents a solid, mid-sized family option. Built in 1988, it offers 1,299 sqft of living space on a 5,400 sqft lot, with an assessed value of $42,500. The appeal here lies in its consistency. When compared to its immediate street, the broader Meadows area, and the city overall, this property consistently ranks in the middle tiers for size, lot, and value—it’s a home that doesn’t stand out for being exceptionally large or small, new or old, but rather offers a reliable, average footprint for the community.
Its most notable characteristic is its age relative to the street; it’s among the older homes on Stoney Lake Bay, which could suggest a more established streetscape or, practically, a property where major updates may have already been addressed or could be a consideration. The last known sale was between $350k-$400k in 2019. This profile suits buyers looking for a straightforward, no-surprises home in a mature neighborhood—perhaps first-time buyers seeking entry into a stable area, or downsizers wanting a manageable space without the premium of a newer build. It’s for those who value neighborhood character over a brand-new property.
Frequently Asked Questions
1. What does it mean that the home is "below average" for year built on its street?
This indicates the home (1988) is older than most on Stoney Lake Bay, where the average build year is around 1990. It suggests the immediate street has seen slightly newer construction, but the home is still well-aligned with the average for the wider Meadows area.
2. How current is the assessed value, and what is it used for?
The assessed value of $42,500 is for municipal tax purposes and is typically not representative of market value. Market value, as suggested by the 2019 sale price range of $350k-$400k, is significantly higher. Taxes are calculated using a mill rate applied to the assessed value.
3. How can I find out the exact past sale price?
The provided sale price is a public data range. The listing service offers to provide the exact sale price via a manual email request, which they aim to fulfill by the end of the same business day.
4. How does the living space compare to typical Winnipeg homes?
At 1,299 sqft, it is very close to the city-wide average of 1,342 sqft, placing it comfortably in the middle 42% of homes. It offers a space that is standard for the market, neither compact nor expansive.
5. What kind of context can I get about the immediate neighborhood?
You can open a dedicated neighborhood analysis map to see this property in direct visual comparison to nearby homes, detailing variations in year built, living area, assessed value, and lot size along the street.