Property Overview: 38 Long Point Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 38 Long Point Bay in the Meadows neighbourhood is a compact, efficiently sized property built in 1986. Its key characteristic is its modest scale: with 680 sqft of living area and a 2,999 sqft lot, it is significantly smaller than most homes on its street, in the Meadows area, and across Winnipeg. This is reflected in its below-average assessed value of $29,900.
The primary appeal lies in its potential as an affordable entry point into homeownership or as a low-maintenance property. It suits buyers with a practical mindset, such as first-time purchasers, downsizers, or investors seeking a rental property with lower property taxes. A thoughtful perspective is that its smaller physical footprint and older, but not historic, age could translate to simpler upkeep and predictable systems for a handy owner. While not a feature for everyone, its size ranking—consistently in the bottom tier among peers—clearly defines it as a niche property for those prioritizing financial accessibility and manageability over space.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based heavily on the property's specific characteristics, primarily its relatively small living area and lot size compared to the broader Winnipeg market. It is assessed in line with similar, smaller homes in its immediate area.
2. What does the "Top 96%" ranking for living area mean?
This statistic means that 96% of comparable homes on Long Point Bay have a larger living area. It is a comparative metric confirming this is one of the more compact homes on the street.
3. Is the 1986 build date a concern?
The home is 40 years old, which is newer than many in Winnipeg overall but average for the Meadows area. While major components like the roof or furnace may be due for inspection or replacement due to age, the build year itself is not unusual for the neighbourhood.
4. How can I find out the exact past sale price?
The listed sale price is a public data range. You can request the exact historical sale price by providing your email via the button on the detail page. The service manually retrieves this data and does not use your email for marketing.
5. How does the lot size impact potential for expansion or outdoor space?
At just under 3,000 sqft, the lot is smaller than most in the area. This likely limits possibilities for major additions but may be suitable for a patio or low-maintenance landscaping, aligning with the home's overall theme of simplicity.