Property Overview: 50 Strewchuk Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 50 Strewchuk Bay in the Leila-Mcphillips Triangle neighbourhood presents a solid, above-average offering in several key metrics. Built in 1989, it is a newer property compared to the Winnipeg city-wide average. With 1,932 sqft of living space, it provides ample room, ranking comfortably above average for both the neighbourhood and the city. The lot size of 7,277 sqft is generous, particularly on a city-wide scale, offering good outdoor space.

The primary appeal lies in its strong positional value within its immediate area. The home’s assessed value ranks in the top 18% on its street and the top 11% in its neighbourhood, suggesting it is considered a higher-quality asset compared to many nearby properties. This, combined with its modern build year and spacious layout, indicates a well-situated and maintained property. It last sold in the $500k-$550k range in 2021.

This property would suit buyers looking for a established, spacious family home in a mature neighbourhood, who value a lot size that allows for privacy and outdoor activity. It’s a practical choice for someone seeking a home that stands above its local peers in terms of perceived value and size, without being an outlier.

Section 2: Frequently Asked Questions

1. What does the "above average" assessed value ranking mean for me?
It indicates that municipal assessors have valued this property higher than most in its immediate area and neighbourhood. This often reflects factors like lot desirability, home size, condition, and improvements. It can be a marker of a good investment within the local context, though property taxes will be scaled accordingly.

2. How does the 1989 build year affect the home?
A home from this era typically benefits from modern construction standards (like wiring and insulation) while being past the initial "shakedown" period where major builder defects might surface. Buyers should still prioritize a thorough inspection, focusing on updates to key systems like the roof, windows, and HVAC, which may be nearing the end of their typical lifespans.

3. Is the lot size typical for the area?
Yes. The lot is around the average for Strewchuk Bay and is actually above average when compared to the entire city. This means you get a very standard lot for the street, but more outdoor space than many Winnipeg homes overall.

4. The home sold in 2021. What should I consider?
Market conditions have changed since 2021. While the past sale price gives a historical anchor, the current value will be driven by today’s market, any updates made by the current owners, and recent sales of comparable properties. It’s a useful data point, but not a definitive guide to the current price.

5. Who are the most likely neighbours or comparable buyers?
Given its size, value ranking, and neighbourhood setting, the most likely buyers are established families or professionals seeking space and stability. The data suggests it appeals to those comparing it to other homes in the Leila-Mcphillips Triangle and finding it measures up favourably in terms of space, modernity, and asset value.