2 Long Point Bay

Property Overview: 2 Long Point Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 2 Long Point Bay is a compact, well-situated property in the Meadows neighbourhood. Built in 1986, it is notably newer than many homes on its own street and across Winnipeg. Its primary appeal lies in its efficient scale and a potentially attractive entry point into the market, underscored by a relatively low municipal assessed value.

The 691 sqft living area is significantly smaller than most comparable homes in the immediate area, city-wide, and even on its own street, ranking in the bottom 7-10% for size. This defines the property as a cozy, low-maintenance space. The lot size of 3,999 sqft is also modest for the area. Historically, the home has sold within the $200k-$300k range, most recently between 2020 and 2025.

This property would best suit first-time buyers, downsizers, or investors seeking an affordable, manageable footprint in a mature Winnipeg neighbourhood. Its newer construction (for the street) is a practical advantage, potentially meaning fewer major system updates. The appeal is pragmatic: it offers the benefits of homeownership in an established community without the upkeep of a larger house or yard, ideal for those prioritizing financial accessibility and simplicity.

Section 2: Frequently Asked Questions

1. Is this a small house?
Yes. At 691 square feet, the living space is considerably smaller than the average home in the Meadows area (approx. 1,286 sqft) and on Long Point Bay itself (approx. 1,157 sqft). It is designed for efficient, low-maintenance living.

2. Why is the assessed value so much lower than the city-wide average?
The city-wide average assessed value (approx. $390k) includes all property types and sizes. This home’s assessed value (~$32.9k for the building) is more in line with its specific, smaller scale. When compared to similar-sized properties city-wide, its assessment is around the average.

3. What does it mean that it's "newer" than other homes?
Built in 1986, this home is newer than 94% of the homes on Long Point Bay. In practical terms, this could suggest elements like the roof, wiring, or plumbing may have more modern standards or require updates later than those in older, pre-1966 homes common across Winnipeg.

4. What can past sale prices tell me?
The home sold in the $200k-$250k range in 2017 and the $250k-$300k range around 2020. This indicates a history of steady market interest and provides a benchmark for its value trajectory, though current market conditions will determine today’s price.

5. Who should consider this property?
It’s a strong candidate for buyers with a tight budget seeking a standalone home, or for those looking to right-size. Its size and lot require less time and money for maintenance and utilities, appealing to minimalist lifestyles or strategic investors. It is less suited for those needing space for a growing family or extensive amenities.