Property Overview

This home at 27 Sand Point Bay in the Meadows neighbourhood presents a practical opportunity in Winnipeg’s housing market. Built in 1989, it is a 1,122 sqft residence on a 5,593 sqft lot, with an assessed value of $41,100. The data suggests it is a more modest offering on its specific street, where homes tend to be larger and have higher assessments. However, within the broader Meadows area and citywide, its size and value are much more aligned with averages. It last sold between $400,000 and $450,000 in 2023.

Key Characteristics & Appeal

The primary appeal of this property lies in its position as a relatively affordable entry point into a stable neighbourhood. While it ranks below the street average for living space and assessed value, this can translate to a lower property tax burden and a manageable footprint for buyers seeking simplicity. Its lot size is consistent with area norms, offering standard outdoor space. The home suits first-time buyers, downsizers, or investors looking for a straightforward property without the premium of a larger, renovated home on the same block. A thoughtful perspective is that buying a "below-average" home on a desirable street can be a strategic way to gain access to the location while leaving room in the budget for future updates tailored to the new owner's taste.

Frequently Asked Questions

1. Why is the assessed value so much lower than the recent sold price?
Assessed values in Manitoba are primarily for municipal tax purposes and often lag behind current market values, which are influenced by recent sales, buyer demand, and condition. The 2023 sale price reflects what a buyer was willing to pay in the open market at that time.

2. How does this home compare to others on Sand Point Bay?
The data indicates this home is more modest than its immediate neighbours. It has less living area than the street average (1,122 sqft vs. ~1,453 sqft) and a lower assessed value. This means it likely represents one of the more accessible options on the bay.

3. What does the "Sold Price" range mean?
The listed sold price of CA$400k–450k is an estimated range derived from public data. To obtain the exact sale price, you must request it directly via the provided email service, which manually confirms the figure from official records.

4. Is the lot size typical for the area?
Yes. At 5,593 sqft, the land area is very close to the average for both the Meadows neighbourhood (~5,372 sqft) and the city overall. It is a standard residential lot for Winnipeg.

5. The home was built in 1989. What should I consider?
A home of this age may have original major components, like the roof, windows, or HVAC system, nearing or exceeding their typical lifespan. A thorough inspection is advised to understand the condition and potential upcoming capital expenses, which also presents an opportunity to modernize systems efficiently.