Property Overview: 142 Long Point Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 142 Long Point Bay in the Meadows neighbourhood presents a compelling blend of space, value, and established community living. Built in 1986, its key appeal lies in offering above-average interior space (1,490 sq ft) compared to most homes on its street and in the wider area, providing a tangible sense of value for its footprint. The lot size is consistent with the local standard, offering a manageable yard.

The home’s standout characteristic is its strong positional ranking within its immediate vicinity. It sits in the top 11% of its street for living area and the top 6% for being a newer build on the block, suggesting it is one of the larger and relatively more modern homes in this specific part of Meadows. This creates a less obvious appeal: it offers the space and feel of a premium home on the street without necessarily carrying a premium price city-wide, as its assessed value is positioned solidly in the middle ranges for the area and city. Recent sale data (2024) indicates it transacted in the $400k-$450k range, performing well against neighbourhood and street averages.

This property would best suit practical buyers looking for a spacious, established home in a mature neighbourhood. It’s ideal for someone who values roominess over a brand-new build and appreciates a home that stands out favourably in its direct micro-market. It represents a smart choice for families or long-term owners seeking a comfortable, well-sized property without venturing into the highest price tiers.

Section 2: Frequently Asked Questions

1. How does this home’s size truly compare to others nearby?
The data shows this home is notably larger than most on its street. With 1,490 sq ft of living area, it ranks 6th largest out of 54 homes on Long Point Bay, placing it in the top 11%. The average home on the street is about 1,157 sq ft.

2. What does the assessed value tell us about the property taxes?
The assessed value is $40,500. This is above the street average but around the average for the broader Meadows area. It provides a baseline for estimating property taxes, which will be influenced by the city’s mill rate. It’s a middle-of-the-road assessment for the neighbourhood.

3. The home was built in 1986. What should I consider?
A 40-year-old home typically means well-established infrastructure and mature landscaping. Prospective buyers should prioritize a thorough inspection of major systems (roof, HVAC, plumbing, electrical) which may be nearing or past their original life expectancy, while also appreciating the character and settled nature of an established build.

4. How recent is the sale price information, and how reliable is it?
The home sold in 2024 for an estimated $400,000-$450,000. The listing notes this is based on public data and offers to provide the exact sold price via email upon request, as some records may be incomplete.

5. Is the lot size typical for the area?
Yes. The lot of 4,999 sq ft is very close to the average for both Long Point Bay (5,083 sq ft avg) and the Meadows neighbourhood (5,372 sq ft avg). It offers a standard suburban yard size for the community.