Property Overview: 27 Rick Boychuk Bay, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This 2006-built home in Mission Gardens presents a compelling mix of location, value, and space. At 1,454 sqft, the living area is notably spacious for the city-wide average and is actually above average for the Mission Gardens neighbourhood, suggesting a comfortable interior size for the area. The standout feature is its assessed value of $500,000, which ranks in the elite top 5% for Mission Gardens and above average both on its street and city-wide. This indicates a property perceived to have high value within a desirable neighbourhood. The lot size of 5,271 sqft is generous, ranking well above average on its specific street.
The appeal lies in this combination: a modern home (built 2006) on a larger-than-average lot in a neighbourhood where its assessed value places it among the top tier of properties. It suits buyers looking for a well-established, mature neighbourhood who still want a relatively contemporary home without needing to undertake major updates. It would particularly resonate with buyers who prioritize land size and perceived property value over having the absolute largest house on the block, as the living area is modest compared to others on Rick Boychuk Bay itself.
Frequently Asked Questions
1. How does the sold price from 2017 relate to the current assessed value?
The home sold for an estimated $350k–$400k in 2017. The current $500k assessment suggests significant appreciation in value over seven years, reflecting both market trends and the property's strong standing within Mission Gardens.
2. Is the living space small for the street?
Yes, at 1,454 sqft, it is below the average for Rick Boychuk Bay itself, where comparable homes average about 1,634 sqft. However, it is above the average for the broader Mission Gardens neighbourhood, indicating the street consists of particularly large homes.
3. What does an "Elite" top 5% assessed value ranking mean for taxes?
A high assessed value typically correlates with higher property taxes. While it signifies a valuable asset in a sought-after area, buyers should budget for a correspondingly higher tax bill compared to many other homes in Winnipeg.
4. How does the year built compare to nearby homes?
Built in 2006, it is newer than the average Winnipeg home (1966) and the average Mission Gardens home (1988). On its own street, it's around the average build year, meaning it fits right in with a street of relatively modern properties.
5. Why is the land area ranking so different from street to city?
The lot is above average for Rick Boychuk Bay but around average city-wide. This highlights that lot sizes on this specific street are generally smaller than the Winnipeg average, making this particular lot a standout in its immediate context.