Property Overview
23 Stoney Lake Bay is a well-established home in Winnipeg's Meadows neighbourhood, built in 1988. With 1,164 sqft of living space on a 5,799 sqft lot, it presents a specific value proposition. Its appeal lies in its above-average lot size for the immediate area, offering more outdoor space than many neighbours, while the home itself is modest in size. The assessed value is consistent with the street but sits above the city-wide average for comparable properties, suggesting a stable, in-demand location.
This home would suit a practical buyer—perhaps a first-time homeowner, downsizer, or investor—who prioritizes land over a large interior footprint. It’s for someone comfortable with a late-80s build that may need updates, but who values a established community. A thoughtful perspective is that this property represents an opportunity to add value through renovations or an addition, leveraging the generous lot.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,164 sqft, the interior is below the average for Stoney Lake Bay itself but is around the average size for both the broader Meadows area and the city overall.
2. Is the assessed value high for this home?
The assessed value of $43.80k is around average for the street and Meadows neighbourhood. Interestingly, it ranks above average city-wide, indicating the property holds its value well compared to many similar homes across Winnipeg.
3. What does the lot size offer?
The 5,799 sqft lot is a key feature, ranking above average for both the street and the Meadows area. This provides more private outdoor space than is typical for the locale.
4. The home was built in 1988. What should I consider?
As a home from the late 1980s, a buyer should budget for potential updates to major systems like roofing, windows, or the HVAC, which may be nearing the end of their service life.
5. Where can I find the exact historical sale price?
The listing indicates a sale occurred in 2023 for an estimated $400k–$450k. The exact sale price is available by request via email from the listing service, which they provide manually without using your email for marketing.