Property Overview: 78 Tychonick Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 78 Tychonick Bay in The Meadows presents a compelling blend of space, modernity, and value. Built in 2012, it is a notably newer home compared to most in Winnipeg, ranking in the top 10% city-wide for its year of construction. It offers 1,706 sqft of living space, which is comfortably above the city and neighbourhood averages, situated on a generous 6,335 sqft lot.
The primary appeal lies in its positioning. While its assessed value is below the immediate street average, it stands well above average for both The Meadows area and the entire city. This suggests a property that offers more modern amenities and space for the dollar within a desirable neighbourhood. The lot size is also a significant asset, providing ample outdoor space that is above average for the street and community.
This home would suit buyers looking for a move-in ready, modern property without needing to build new. It’s ideal for growing families or professionals who value both indoor living space and a sizable yard in a established area. The data indicates it may offer a relative value opportunity for someone prioritizing a newer home on a good-sized lot in The Meadows over a similar investment on a more expensive street.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home sold in the $500k-$550k range in 2021. Its current assessed value of $50,600 is significantly lower, which is typical as municipal assessments often lag behind market values and use a different valuation method. The sale price is a more current indicator of its market worth.
2. Is the home older or newer than others nearby?
It is newer than most. Built in 2012, it ranks in the top 1% of homes in The Meadows by age, meaning it is one of the most recently built properties in the entire community.
3. What does the "below average" assessed value for the street mean?
This indicates that, among the 88 comparable homes on Tychonick Bay, this property’s assessed value is in the lower tier (ranked 69th). This isn’t necessarily negative; it can mean the home was purchased later than others on the street or that assessments vary. Its value is still strong in the broader context of the neighbourhood and city.
4. How much outdoor space does the property have?
The lot is 6,335 sqft, which is above average for both Tychonick Bay (top 15%) and The Meadows area. This provides a substantial backyard compared to many neighbouring properties.
5. Where can I see more detailed comparisons with nearby homes?
A neighbourhood analysis map is available for this property, allowing you to visually compare its year built, living area, assessed value, and lot size directly against surrounding houses on a map.