Property Overview: 166 Tychonick Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 166 Tychonick Bay in the Meadows neighbourhood presents a distinct profile defined by its comparative value and modern build. Built in 2011, it is a notably newer home within its broader area, ranking in the top 5% for age in the Meadows and the top 10% city-wide. With 1,251 sqft of living space, it is smaller than most direct neighbours on Tychonick Bay but is closer to the average size for the wider neighbourhood and city. Its assessed value of $48,100k is above average for both Meadows and Winnipeg overall, suggesting a favourable valuation relative to many peers, though it is below the average for its immediate street.
The primary appeal lies in acquiring a relatively modern home (15 years old) in a stable setting, potentially with lower immediate maintenance needs than older stock. It suits value-conscious buyers who prioritize a newer construction year over maximum square footage, and who are comfortable with a home that is more compact than others on its specific street. A thoughtful perspective is that this property represents a balance—offering modern infrastructure in a mature neighbourhood, which can be a strategic entry point into an area where teardowns or major renovations are less likely to be needed.
Section 2: Frequently Asked Questions
1. Is this home a good value compared to others in the Meadows?
The data suggests it is. Its assessed value is above the average for the Meadows neighbourhood (top 21%), while its living area is near the neighbourhood average. This indicates you may be paying for factors like its newer age and condition rather than pure size.
2. Why is the living area smaller than other homes on Tychonick Bay?
This home is among the smaller properties on its specific street, ranking in the bottom 10% for size there. This is likely due to its later construction date (2011) compared to neighbours, reflecting evolving floor plan trends or original builder offerings.
3. What does the sold price history indicate?
It last sold between $450k-$500k in 2021. That sale price ranked in the top 17% for the Meadows area at the time, reinforcing the pattern of its value holding strong against area averages.
4. How does the lot size impact the property?
The land area of 4,893 sqft is slightly below average for the street but typical for the Meadows and the city. It provides a standard suburban yard space without being an exceptionally large or small lot.
5. Who would this property not suit?
Buyers seeking a large home relative to others on the same street, or those who prioritize expansive interior square footage above all else, might find it limiting. It’s better suited for those who value modern construction and efficient layout over sheer size.