Property Overview: 7 Bachman Bay, Winnipeg
Key Characteristics & Appeal
This home at 7 Bachman Bay in Mandalay West is a well-situated property that presents a balanced, above-average offering within its immediate neighbourhood. Built in 1983, it is notably newer than many homes on its street and in the wider city, suggesting potentially fewer major age-related concerns. With 1,194 sqft of living space, it sits around the average for the area, fitting the profile of a comfortable, mid-sized home.
The property’s primary appeal lies in its strong positioning on Bachman Bay itself. Its assessed value ranks in the top 12% on its street, indicating it is viewed as a higher-quality asset in a direct local comparison. Coupled with a land area of nearly 5,700 sqft that is above the street average, it offers a desirable combination of a valued home on a good-sized lot. This isn’t a standout in the broader suburb or city in terms of size or value, but it represents a solid and arguably premium choice within its specific enclave.
This home would suit practical buyers looking for a stable investment in an established neighbourhood. It’s ideal for someone who values being on a street where properties are well-maintained and hold their value relative to one another. It would also appeal to those wanting a manageable yard space without the upkeep of a massive lot, and who appreciate a home that, while not new, is among the newer builds in its vicinity.
Frequently Asked Questions
1. How does this home’s value compare to nearby sales?
Based on available data, it last sold between $350k-$400k in 2021. Its current assessed value of $43,700 is above the average for Bachman Bay, suggesting its municipal valuation has remained strong compared to its immediate neighbours.
2. Is the home considered large for the area?
Not particularly. At 1,194 sqft, the living area is close to the average for Mandalay West. The appeal is less about sheer size and more about the combination of its above-average lot size and newer construction year for the street.
3. What does the “above average” year built mean for me?
Built in 1983, this home is newer than 91% of the homes on Bachman Bay. In practical terms, this could mean updated building materials, electrical, or plumbing systems compared to older neighbours, possibly reducing the urgency for major retrofits.
4. How does the lot size impact the property?
At 5,697 sqft, the lot is larger than most on its street (top 29%). This offers more outdoor space for gardening, recreation, or future additions like a deck or shed, compared to other properties in the immediate area.
5. Why is the assessed value ranking so different from street to city-wide?
The home ranks in the top 12% for assessed value on its street but is around average (top 31%) city-wide. This highlights that Bachman Bay is a street of varied properties, and this one is a higher-tier home within that specific mix, even if it’s a more typical offering compared to all Winnipeg homes.