Property Overview: 54 Tychonick Bay, Winnipeg
Key Characteristics & Appeal
This home at 54 Tychonick Bay in the Meadows neighbourhood presents a compelling package of space, modernity, and established value. Built in 2012, it is a relatively newer home in a city-wide context, likely requiring less immediate investment in major updates. Its primary appeal lies in its generous proportions: with over 2,100 square feet of living space, it ranks within the top 20% on its own street and an elite top 3% within the broader Meadows area, offering significantly more room than local averages. The lot size of over 6,300 square feet is also comfortably above average for the area, providing ample outdoor space.
The home’s assessed value places it in the top 1% of the Meadows area, indicating it is considered a premium property within its community. This suggests not just a well-appointed home, but also a desirable location within the neighbourhood. The data shows it last sold between $400,000 and $450,000 in 2019.
This property would best suit buyers looking for a move-in ready, spacious family home in a established suburban neighbourhood. It appeals to those who prioritize interior space and a newer build within a mature community, and who see value in a home that consistently ranks highly against its peers in key metrics.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows this home is not just above average—it’s a standout in its immediate area. Its living space is in the top 3% for the entire Meadows neighbourhood, and its assessed value is in the top 1%. This indicates it is likely one of the larger and more valuable homes in the community.
2. What does the assessed value tell us?
An assessed value in the 98th-99th percentile for the area strongly suggests the property is considered superior in terms of construction, features, and/or location within Meadows. It’s a formal indicator of its premium standing compared to nearly all neighbouring homes.
3. The home sold in 2019. Is the price history typical?
Its last sold price range placed it in the top 23% for the area at that time, which aligns with its high assessed value. This consistency between past sale price and current assessment indicates a stable, high-value profile rather than a sudden fluctuation.
4. Is a 2012 build considered "new" in Winnipeg?
Yes, in context. Compared to the Winnipeg city-wide average home built in 1966, a 2012 build is significantly newer. Even within Meadows, where the average home was built around 1990, this property is newer than most, offering modern building standards and systems.
5. How usable is the lot size?
At 6,335 sq ft, the lot is larger than about 85% of lots in Meadows. This provides substantial backyard space for recreation, gardening, or additions like a deck or shed, which is a notable advantage in a suburban neighbourhood.