Property Overview: 143 Tychonick Bay, Winnipeg

Key Characteristics & Appeal

This home at 143 Tychonick Bay in the Meadows neighbourhood stands out for its generous proportions and modern build. With 2,216 square feet of living space, it ranks in the top 7% of homes on its street and the top 2% within the broader Meadows area, offering significantly more room than local averages. Built in 2012, it is a relatively newer property, ranking in the top 1% for year built in Meadows, which suggests modern construction standards and less immediate need for major updates.

The appeal lies in this combination of space and modernity within a well-established community. Its assessed value positions it as an elite property in the Meadows context (top 3%), indicating a perceived value that outpaces most of its immediate peers. The lot size is average for the area, providing standard outdoor space without excessive maintenance demands.

This property would ideally suit growing families or professionals seeking move-in-ready space without the quirks of an older home. It’s also a strong candidate for buyers who value statistical outperformance—a home that ranks highly in key metrics like size and age within its competitive set, which can be a marker of long-term value retention.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
The home sold in the $450k-$500k range in 2020. Current assessed value is $56,300. While direct market comparisons should be made with a realtor, its assessed value ranks above average for the street and elite for the Meadows area, suggesting it has historically held value well against peers.

2. Is the lot size a drawback?
The land area of 4,959 sq ft is statistically average for both Tychonick Bay and the Meadows neighbourhood. It provides a typical suburban yard. For buyers prioritizing interior space over vast outdoor grounds, this is a balanced offering.

3. What does the "elite" ranking for Year Built really mean?
Ranking in the top 1% for year built in Meadows means this is one of the newest homes in a neighbourhood with many older properties. This typically translates to newer major systems (like HVAC, wiring, and windows), potentially lower maintenance costs, and designs that reflect more contemporary layouts.

4. Are there any potential concerns with a 2012 build?
While modern, a home from 2012 is now over a decade old. Key components like the roof, water heater, or appliances may be nearing the middle or end of their typical lifespans, so a thorough inspection is always recommended.

5. How is the "Living Area" rank calculated, and why is it important?
The ranking compares this home’s square footage to all other homes in the defined area (street, neighbourhood, city). Being in the top 2% in Meadows for size means you are getting one of the largest homes available in that community, which is a significant driver of both livability and resale value.