Property Summary: 138 Tychonick Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a compelling mix of value and practicality in Winnipeg's Meadows neighbourhood. Built in 2011, it is a notably newer property compared to most homes in the wider city and especially within its own area, offering modern construction standards without the premium of a brand-new build.

Its primary appeal lies in its strong value proposition. The assessed value is above average for both the Meadows area and the entire city, suggesting a solid municipal valuation relative to its peers. However, the home's living space (1,275 sq ft) is more compact than others on Tychonick Bay itself, indicating it may be one of the smaller models in a street of larger homes. This creates an interesting dynamic: you get a newer, well-assessed home on a decent-sized lot (4,896 sq ft), but with a more efficient and likely easier-to-maintain footprint.

This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home in a established neighbourhood. It’s also a sensible choice for value-focused buyers who prioritize a newer build year and a favourable assessment over maximizing square footage. The data suggests it’s a home that punches above its weight within its broader community, even if it’s a more modest offering on its immediate street.

Section 2: Frequently Asked Questions

1. Is this home significantly smaller than its neighbours?
Yes. The living area ranks in the bottom 10% on Tychonick Bay itself, where comparable homes average 1,778 sq ft. This indicates it is one of the smaller homes on the street, though its size is much more in line with the averages for the wider Meadows area and the city.

2. What does the "above average" assessed value actually mean?
The home's assessed value of $48,20k is higher than about 80% of comparable properties in the Meadows area and 77% citywide. This suggests the city assesses it as a relatively high-value property for its type and location, which can be a positive indicator, though market price is determined by buyers.

3. How does the build year affect this property?
Built in 2011, the home is newer than approximately 95% of homes in the Meadows area and 90% citywide. This typically implies fewer immediate major repairs, modern building codes, and potentially better energy efficiency compared to older stock.

4. What was the previous sale price?
Public data indicates it sold for between CA$350k and $400k in 2019. The exact sale price is available upon direct request from the listing service.

5. How does the lot size compare?
At 4,896 sq ft, the lot is slightly below the average for Tychonick Bay but is very close to the average for the Meadows area (5,372 sq ft). It provides a standard suburban yard space without being overly large to maintain.