Property Overview: 54 Sand Point Bay, Winnipeg
Key Characteristics & Appeal
This 1988-built home in the Meadows neighborhood presents a specific value proposition centered on its generous 6,400 sqft lot, which is notably larger than many in the immediate area and across the city. The 1,104 sqft living space is more compact compared to others on its street, but is closer to the average for the wider neighborhood. This creates a distinct dynamic: a home with a modest footprint on a sizable piece of land. The assessed value is positioned below average for Sand Point Bay but aligns with the median for the Meadows area.
Its primary appeal lies in the land itself, offering ample outdoor space for gardening, recreation, or future expansion in a well-established community. It suits practical buyers who prioritize yard size over interior square footage, such as downsizers seeking private outdoor space, first-time buyers looking for a manageable home with room to grow, or value-oriented investors attracted by the below-street-average assessment. It’s a property where the potential of the lot is a key feature, appealing to those who see value in what can be done with the land as much as the existing structure.
Frequently Asked Questions
1. How does the home’s size compare to its neighbors?
The living area is smaller than the average home on Sand Point Bay, but is more in line with the typical size found across the broader Meadows neighborhood. The lot size, however, is significantly larger than most in the area.
2. What does the assessed value indicate?
The current assessed value is below the average for its own street, but is around the median mark for the Meadows community. This can sometimes indicate a more affordable entry point into the street or signal a property where the improvements (the house) are valued less than the land.
3. Is there room for an addition or major renovation?
The substantial lot size provides a clear advantage for potential expansions, subject to local zoning and building bylaws. The discrepancy between the lot size and the home’s footprint suggests physical space may not be the limiting factor.
4. What is the sales history?
Public records indicate the home sold between $400,000 and $450,000 in 2022. For precise historical sold prices, you can request the exact figures directly via the provided email service.
5. How does the age of the home compare?
Built in 1988, the home is of a similar vintage to many in the Meadows area. It is newer than the average home across the entire city of Winnipeg, placing it in a reasonably modern cohort for the market.