Property Overview

This home at 127 Long Point Bay in the Meadows neighborhood presents a solid, mid-sized family home built in 1986. With 1,193 square feet of living space on a 4,998 sqft lot, its key metrics are consistently average to slightly above average when compared to its immediate street, the wider Meadows area, and the city of Winnipeg. This consistency suggests a property that aligns well with neighborhood norms, offering stability rather than standing out for extreme size or value.

Its appeal lies in this very balance and established character. The home is newer than most on its street (ranking in the top 6%), which can be a practical advantage regarding the potential age of major components like roofing or windows. The sold price history indicates steady appreciation, moving from the $300k-$350k range in 2017 to $400k-$450k in 2022. This profile suits first-time buyers or downsizers looking for a manageable, turnkey home in a mature neighborhood, as well as value-focused investors seeking a property with reliable rental demand in a community of similar homes.

A less obvious perspective is that a home ranking so consistently "around average" can be a strategic purchase. It often means less risk of over-improving for the area and fewer surprises when it comes to property taxes or resale comparisons. It represents the core of the neighborhood's housing stock.

Frequently Asked Questions

1. Is this house a good value compared to others on the street?
The data suggests it is competitively positioned. Its assessed value is slightly above the street average, but it is also a newer home on the block. The prior sale price in 2022 placed it in the top 11% for the street, indicating it commanded a premium at that time, likely due to its condition or updates.

2. What does the "above average" year built ranking mean for me?
Being built in 1986 makes this home newer than 94% of the homes on Long Point Bay. Practically, this could mean systems (like electrical, plumbing, or insulation) are of a more modern standard than those in older neighboring homes, potentially leading to lower immediate update costs.

3. How does the lot size impact future potential?
At just under 5,000 sqft, the lot is very typical for the Meadows area. It provides standard backyard space for a family but is not oversized. This means expansion opportunities like a large addition or garage may be limited by setback bylaws, so checking the specific zoning regulations would be important.

4. The city-wide assessed value average seems unusually high at $390k. Why?
This appears to be a discrepancy in the provided data. The assessed values for the street and area are consistently between $37k and $41k. The city-wide figure of $390k is likely a typographical error or a mislabeled metric, as it is an order of magnitude higher. The relevant comparisons are the street and neighborhood averages.

5. Where can I see more detailed context about the immediate area?
You can open the dedicated neighbourhood analysis page for a map view that compares this property to nearby houses in detail, directly visualizing how its year built, living area, and lot size fit into the local landscape.