Property Overview: 103 Rick Boychuk Bay, Mission Gardens, Winnipeg

Section 1: Key Characteristics & Appeal

This home, built in 2006, presents a compelling mix of modern convenience and established neighbourhood living. Its primary appeal lies in its strong relative value within the broader Mission Gardens area and citywide context. While the 1,502 sqft living area is modest compared to others on its street, it is notably above average for both the neighbourhood and Winnipeg overall, suggesting an efficient, manageable layout. The 2006 build date means major components are likely still in good condition, offering a balance between modern standards and being past the initial "newness" phase.

The property’s assessed value is a standout feature, ranking in the top 11% for Mission Gardens. This indicates it is viewed as a higher-value home within a desirable area, which can be attractive for equity and resale. The lot size of 4,380 sqft is smaller than many nearby, which may appeal to buyers seeking lower outdoor maintenance without sacrificing a private yard. This home would suit practical buyers—perhaps young professionals, small families, or downsizers—who prioritize a move-in-ready, modern home in a mature neighbourhood over having the largest footprint on the block. It’s for someone who values statistical value (more home for the dollar within the area) over sheer size.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to its neighbours?
While its living space is below the average for Rick Boychuk Bay itself, it is significantly larger than the typical home in both the wider Mission Gardens area and the city of Winnipeg. This suggests you get more interior space than much of the market, but not necessarily the largest home on the street.

2. What does the assessed value ranking mean?
An assessed value in the top 11% for Mission Gardens indicates the municipal assessment is relatively high for the neighbourhood. This often reflects the property’s modern build, desirable location, and improvements, which can be positive for long-term value, though it also relates to property tax calculations.

3. Is the lot size a drawback?
The lot is smaller than most on the street and in the immediate area. For buyers who prefer less yard work or wish to focus on interior living space, this can be an advantage. For those prioritizing extensive gardens, large outdoor entertainment space, or future expansions, it may be a consideration.

4. The home sold in 2017. What can be inferred?
The previous sale was in the $350k-$400k range. Given the solid assessed value and rankings, the market has likely seen appreciation since then. Requesting the exact sold price history can provide a clearer picture of its market trajectory.

5. What are the less obvious benefits of a 2006 build?
A home built 20 years ago often benefits from being past the initial settlement period where minor construction issues arise, yet it’s modern enough to likely have open-concept layouts, updated electrical standards, and efficient windows. It strikes a balance between character and contemporary living without the unknowns of a much older home.