Property Overview
76 Beachside Bay presents a compelling profile defined by a significant contrast between its generous lot and its more modest home. Built in 1994, this property in Winnipeg's Meadows neighbourhood is characterized by its above-average assessed value and, most notably, an exceptionally large land area. The home itself, at 1,324 sqft, offers comfortable living space that is typical for the city but is one of the smaller residences on its own street. This creates a unique value proposition centered on outdoor potential and location.
Key Characteristics, Appeal & Ideal Buyer
The primary appeal of this property lies in its land. With a lot size of nearly 11,000 sqft, it ranks in the top 2% within the Meadows area and the top 5% city-wide. This offers exceptional outdoor space for gardens, recreation, or future expansion, a rare find in a city setting. The assessed value of $530k is consistently above average across all comparison levels, indicating the market recognizes this premium.
However, the living area is below the average for Beachside Bay itself, suggesting the existing home may be more functional than expansive. This dynamic suits specific buyers: those who prioritize land and location over square footage, such as families seeking ample yard space, individuals interested in future renovations or additions, or buyers who value the established, mature neighbourhood feel of a 1990s-built home. It’s a property for someone who sees the land as the main asset and the house as a solid foundation.
Frequently Asked Questions
1. Why is the assessed value so high when the house is on the smaller side for the street?
The assessed value reflects the entire property package. The exceptionally large lot size is a major value driver, as land is a premium commodity. Its above-average rankings for year built and value in the broader area also contribute to the assessment.
2. How does the recent sale price compare to the assessment?
The home sold for an estimated $550k-$600k in 2023. The current assessed value of $530k is reasonably aligned with that sale price, considering typical market adjustments and assessment methodologies.
3. Is the large lot usable, or is it an odd shape?
While specific dimensions aren't provided, a lot of this size (over a quarter-acre) in a city neighbourhood is highly unusual and typically offers significant usable space. Reviewing the neighbourhood map analysis or a site survey would be advisable to confirm the exact layout.
4. What does the "Elite" ranking for land area mean?
This means the property's lot size falls within the top 5% of all comparable properties in that geographic category (in this case, both the Meadows area and city-wide). It is a standout feature.
5. Are there other similar homes on the street?
The data shows nearby properties are very close in proximity, but 76 Beachside Bay has a larger lot than the street average. Its living area is smaller than many neighbours, making it unique on the block for its land-to-building ratio.