Property Overview: 70 Stoney Lake Bay, Winnipeg
Key Characteristics & Appeal
This home at 70 Stoney Lake Bay in the Meadows neighborhood presents a compelling mix of space and value. Built in 1989, its 1,196 sqft living area is modest for its immediate street but aligns closely with the broader city average, suggesting a comfortable, manageable layout. The property’s standout feature is its generous 6,499 sqft lot, which ranks well above average for both the street and the wider Meadows area. This offers significant outdoor potential—room for gardening, recreation, or expansion—that is increasingly rare.
The appeal lies in this balance: a solidly-built home on a larger-than-typical lot within a mature neighborhood. Its assessed value positions it favorably against area and city comparables, indicating a stable investment. This property would suit first-time buyers or downsizers seeking a manageable home without sacrificing yard space, or value-oriented buyers who see potential in the land itself, whether for immediate enjoyment or future improvement.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
The living space is slightly below the average for Stoney Lake Bay itself but is very close to the average for both the Meadows neighborhood and the city of Winnipeg as a whole, making it a typical-sized home for the broader area.
2. Is the lot size a significant advantage?
Yes. The lot is notably larger than most on the same street and in the Meadows area. This is a key differentiator, offering more privacy and outdoor space than many comparable properties.
3. What does the sold price history indicate?
The home sold in 2024 for an estimated $450k-$500k. This sale price ranked in the top 21% for the street and top 12% for the Meadows area, suggesting strong market demand for properties on this bay.
4. Is a 1989-built home considered older?
While 37 years old, it is newer than the Winnipeg city average. On its street and in Meadows, its build year is around the typical age, indicating a well-established neighborhood with homes from a similar era.
5. How is the assessed value determined, and what does it mean?
The assessed value is for municipal tax purposes. This home’s assessment is above the average for Meadows and city-wide comparables, which often reflects its desirable lot size and recent sale, but it is not a direct market appraisal.