Property Overview: 178 Tychonick Bay, Winnipeg
Key Characteristics & Appeal
This home at 178 Tychonick Bay in the Meadows neighbourhood presents a compelling mix of modern convenience and relative value. Built in 2011, it is a notably newer property compared to most homes in the wider city and especially within its own area, offering the benefits of contemporary construction standards and systems.
The appeal lies in its positioning. While the home’s living space (1,234 sq ft) and lot size (4,891 sq ft) are modest compared to others on its own street, they are squarely average or better when viewed within the broader Meadows neighbourhood and across Winnipeg. This suggests a well-sized home in a desirable area without the premium often attached to the largest properties. The assessed value tells a clear story: it is above average for both the neighbourhood and the city, indicating strong intrinsic value and a solid investment within its market context, even if it’s one of the more modestly valued homes on Tychonick Bay itself.
This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home in an established area. It’s also a pragmatic choice for value-focused buyers who prioritize a newer build in a good neighbourhood over having the biggest house on the block. The data suggests you’re paying for a quality location and a recent build year, rather than sheer square footage.
Frequently Asked Questions
1. Is this a small home?
It depends on the comparison. At 1,234 sq ft, it is smaller than most direct neighbours on Tychonick Bay. However, it is very close to the average home size for both the Meadows neighbourhood and the city of Winnipeg as a whole, making it a comfortably average-sized home in a broader context.
2. Why is the assessed value considered above average if it’s not the largest?
Assessment considers multiple factors beyond size. The home’s 2011 build year is a significant asset, as it is newer than approximately 95% of homes in Meadows and 90% citywide. This modern construction, combined with its location, drives a valuation that is strong for the area.
3. What does the sold price history indicate?
The home sold in the CA$350k–$400k range in 2016. This price was in the top half of sales for the area and city at that time, reinforcing the pattern of it holding value well relative to its peers, even a decade ago.
4. Who might this property not suit?
Buyers seeking a large lot or a home that is among the largest in its immediate vicinity may find better options. The data shows this home is on a smaller lot for its street and has less living area than its closest neighbours.
5. How can I understand the neighbourhood better?
A detailed neighbourhood analysis map is available, allowing you to see this property in context with nearby homes, comparing year built, living area, assessed value, and lot size directly.