Property Overview: 3 Strewchuk Bay, Winnipeg
Key Characteristics & Appeal
This home at 3 Strewchuk Bay presents a solid, well-positioned property in Winnipeg's Leila-Mcphillips Triangle neighbourhood. Built in 1987, it offers 1,678 sqft of living space, which is above the city-wide average, providing comfortable room for a family or those who value space. Its standout feature is the generous 7,986 sqft lot, placing it in the top 20% for land size within its local area. This offers significant potential for outdoor living, gardening, or future expansion.
The appeal lies in its balanced profile. It’s not an outlier in any single metric but offers a strong combination of above-average land, good living space, and a valuation that sits above average for both the neighbourhood and the city. It suits practical buyers looking for a established home in a mature area, where the lot size adds tangible value and flexibility. It would particularly suit a buyer who prioritizes yard space over having the newest home on the street, and who sees the assessed value as a reflection of stable, long-term investment in a character neighbourhood.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value of $488,000 is around the average for Strewchuk Bay itself but ranks above average when compared to the broader Leila-Mcphillips Triangle area and city-wide. This suggests it’s a competitively valued property within its immediate streetscape.
2. Is the lot size unusual for the area?
Yes. The land area of nearly 8,000 sqft is a key feature, ranking in the top 18% on its street and the top 20% in the neighbourhood. Many nearby properties have smaller lots, making this a point of distinction.
3. What can the past sale price tell me?
The home sold between $350,000 and $400,000 in 2016. Comparing that range to the current assessed value provides insight into market appreciation over the past nine years, though a professional appraisal would be needed for current market value.
4. The home was built in 1987. What does that imply?
As a home from the late 1980s, buyers should anticipate updates consistent with that age. The construction era is newer than the Winnipeg city-wide median, which can be an advantage, but systems like the roof, windows, and major mechanicals may be nearing or in need of proactive maintenance or replacement.
5. Who are the most comparable properties?
The listing shows similar assessed value properties primarily on streets like Chalfont Road and Elmhurst Road, which are in different neighbourhoods (Elmhurst, Varsity View). This indicates that while value is similar, the specific appeal of 3 Strewchuk Bay is likely tied to its location and lot size rather than direct architectural parallels nearby.