Property Overview & Appeal
This home at 72 Beachside Bay in Winnipeg's Meadows neighbourhood presents a compelling case as a spacious, well-established property on an exceptionally large lot. Built in 1993, its key characteristic is the substantial 11,391 sqft land area, which ranks in the top 1% of the Meadows area and the top 4% city-wide. This offers rare potential for privacy, gardening, expansion, or outdoor recreation. The 1,721 sqft living space is comfortably above average for both the neighbourhood and the city.
The appeal lies in its combination of a mature, settled community and standout land value. While the house itself is of a typical size and age for the street, its assessed value is notably high (top 4% in Meadows), suggesting the lot itself is a significant driver of its worth. This property would particularly suit buyers who prioritize outdoor space over a brand-new build, such as families seeking room for children and pets to play, or those with long-term visions for landscaping, adding a garage, or even future development where bylaws allow.
Frequently Asked Questions
1. What does the "Elite" ranking for Land Area actually mean?
It means this property's lot size is larger than 99% of comparable homes in the Meadows area. You're getting a parcel of land that is now very uncommon for this neighbourhood.
2. The assessed value is high for the area. Does that mean the taxes are disproportionately high?
Not necessarily. Property taxes are based on the mill rate applied to the assessed value. While the assessment is in the top tier for the neighbourhood, it reflects the market value, which is significantly influenced by the large, desirable lot. You are effectively paying a premium in taxes for the premium land.
3. The house was built in 1993. What should I be mindful of with a home of this age?
A home from this era is likely past its original roof, major appliances, and possibly HVAC systems. A thorough inspection is crucial to gauge the remaining life of these components and budget for any upcoming updates, though the core structure should be solid.
4. How does the previous 2021 sale price range help me today?
It provides a historical benchmark, but the market has shifted since then. The current assessed value ($562,000) is a more recent official valuation and may be a better starting point, though the final market price will depend on current conditions, updates made since 2021, and buyer demand.
5. The living area is only "around average" for the street. Is that a drawback?
This highlights the property's unique dynamic. You are purchasing an average-sized home on a much larger-than-average lot. For the right buyer, this is the advantage—the value and potential are in the land, with a perfectly functional house included. If interior square footage is your absolute top priority, other homes may offer more.