Property Overview: 86 Thunder Bay, Meadowood, Winnipeg

Key Characteristics & Appeal

This 1,120 sqft bungalow, built in 1975, presents a solid opportunity in the Meadowood neighbourhood. Its primary appeal lies in the balance it strikes between a spacious lot and manageable living space, all at a municipal assessed value that is consistently average for the area. The 6,521 sqft lot is a standout feature, ranking in the top 10% on its own street and top 16% in Meadowood, offering above-average outdoor space for gardening, play, or future expansion.

A less obvious point of appeal is its relative "newness" on Thunder Bay itself; being built in 1975 makes it one of the most recently constructed homes on the street, which can sometimes correlate with updated infrastructure or building materials compared to immediate neighbours. The home’s size is efficient, larger than the street average but typical for the wider city, suggesting a practical layout without excessive upkeep.

This property would suit first-time buyers or downsizers looking for a stable, established neighbourhood with room to breathe outdoors. It’s also a sensible fit for value-conscious buyers who prioritize lot size over a large interior and appreciate a home that aligns with typical area prices, avoiding the premium of a fully renovated or oversized property.

Frequently Asked Questions

1. How does the assessed value relate to the likely market price?
The municipal assessed value of $38,100 is a benchmark for property taxes, not a direct market price. The last recorded sale was between $300k-$350k in 2020. Market price is determined by current condition, updates, and market demand.

2. What does the "Elite" ranking for Year Built on the street mean?
This indicates 86 Thunder Bay is one of the newest homes on its specific street, ranked #1 out of 39 for its newer construction year (1975). This is a hyper-local comparison and doesn't necessarily mean the home itself is newly built, just newer relative to its direct neighbours.

3. Is the lot size a significant advantage?
Yes. At over 6,500 sqft, the lot is larger than most in Meadowood and on Thunder Bay. This provides more private outdoor space than typical and could be a long-term asset for enjoyment or potential value.

4. The living area is ranked "around average" city-wide. Is that a concern?
Not necessarily. At 1,120 sqft, it is slightly below the Winnipeg average but above the average for its own street. It represents a practical amount of space for many households, potentially offering lower utility and maintenance costs than a much larger home.

5. How can I find out the exact historical sale prices?
The provider offers a manual service to share exact sold price data upon request via email, as the public records show only ranges. This is a common practice to ensure data accuracy before it's shared.