Property Overview: 106 Tranquil Bay, Richmond West, Winnipeg
Key Characteristics & Appeal
This home at 106 Tranquil Bay is a well-proportioned property built in 1983, offering 1,591 sqft of living space. Its primary appeal lies in its solid, above-average size relative to both its immediate street and the wider Winnipeg market, providing more interior space than many comparable homes. The assessed value of $416k positions it as an average offering on its own street but represents a notable value within the Richmond West neighborhood, where average values are significantly higher. This creates an interesting dynamic: you get a home that feels spacious for its price point, especially when viewed city-wide, but on a smaller, more manageable lot typical for the street.
The property would suit practical buyers looking for a comfortable, established home without paying the neighborhood premium for larger land. It’s ideal for those who prioritize interior space over extensive yard maintenance. The sales history shows steady appreciation, suggesting a stable investment in a mature area. A less obvious perspective is that its "around average" metrics on its street indicate a home that fits seamlessly into the existing community fabric, potentially offering fewer surprises in terms of upkeep or style compared to more outlier properties.
Frequently Asked Questions
1. How does this home’s value compare to others in Richmond West?
The home’s assessed value is below the Richmond West neighborhood average, ranking in the top 90% (meaning about 90% of area homes have a higher assessed value). This suggests it could be a more accessible entry point into the neighborhood.
2. Is the living space larger or smaller than typical?
At 1,591 sqft, the living area is above average for both the city and its specific street, but around the average for the broader Richmond West area. You are getting a home with a spacious interior relative to many in Winnipeg.
3. What is the lot size like?
The land area is 4,479 sqft, which is slightly below average for the street and notably smaller than the typical lot in Richmond West. This means less yard to maintain but also less private outdoor space than some neighboring properties.
4. Can I see the exact historical sold prices?
The site shows sold price ranges (e.g., CA$350k–400k in 12/2022). To obtain the exact figures, you must request a manual lookup via email, as the data is not sourced from the MLS.
5. How does the year built affect this property?
Built in 1983, the home is older than many in Richmond West but is typical for its street. This age implies potential for older-home character but also means systems and components may be due for updates or diligent maintenance.