Property Overview & Key Characteristics

This home at 146 Tychonick Bay presents a distinct value proposition within Winnipeg's Meadows neighbourhood. Built in 2011, it is a notably modern property compared to most homes in the wider city and is exceptionally new for its immediate area. With 1,202 sqft of living space, it is compact relative to its own street but aligns closely with the average home size in both Meadows and Winnipeg overall. The lot size of 4,895 sqft follows a similar pattern: smaller than neighbouring properties but average for the broader community.

The primary appeal lies in its balance of a modern build year and a very competitive assessed value. While it sits in the lower tier for size and value on its own bay, it ranks in the top quarter for value within the larger Meadows area, suggesting it may offer more house for the money compared to many area alternatives. This creates an opportunity for buyers seeking a newer construction home without a premium price tag, potentially resulting in lower maintenance costs and modern building standards.

This property would best suit first-time buyers, downsizers, or pragmatic investors looking for a efficient, low-maintenance home in a well-established neighbourhood. It’s for those who prioritize modern systems and a favourable assessment over expansive square footage or a large yard compared to their immediate neighbours.

Frequently Asked Questions

1. How does the sold price compare to the assessed value?
The home sold for between $450,000 and $500,000 in 2024, which is significantly higher than its $47,800 assessed value. This is a typical disparity, as municipal assessed value for tax purposes often lags behind actual market value and is calculated differently.

2. Is the living space too small?
At 1,202 sqft, it is smaller than most homes on Tychonick Bay. However, it is very close to the average size for both the Meadows neighbourhood (1,286 sqft) and the entire city (1,342 sqft), indicating it's a standard-sized home for Winnipeg, just situated on a street with larger-than-average houses.

3. What does the "Elite" ranking for Year Built mean?
A "Top 5%" or "Elite" ranking for its 2011 build year means this home is newer than 95% of properties in the Meadows area. This is a significant advantage, suggesting updated building materials, efficiency standards, and likely less immediate need for major repairs like roofing or windows.

4. Why is the assessed value ranking so different by area?
The assessment ranks low on its own street but high in the broader area. This indicates Tychonick Bay generally has higher-valued homes, so this property is a more affordable entry point onto that specific street. Compared to all of Meadows, however, its assessment is quite strong, highlighting its relative value within the neighbourhood.

5. What is the practical takeaway from these rankings?
The data suggests you are purchasing a newer, average-sized home on a desirable street, but one that is positioned as a more modest or value-oriented option among its immediate neighbours. It offers the benefits of the location and modern construction, but not the largest footprint or lot on the block.