Property Overview
This 1,199 sqft bungalow at 62 Thunder Bay in Winnipeg's Meadowood neighbourhood presents a compelling opportunity. Built in 1975, it sits on a generous 5,989 sqft lot. The home’s standout feature is its strong positional value within its immediate area. It ranks in the top 10% for living area on its own street and holds an elite "Top 5%" position for its assessed value among Thunder Bay properties, suggesting it is viewed as a premium asset in its micro-market.
Its appeal lies in offering above-average space and lot size for Meadowood, providing room to grow or enjoy outdoors without the premium of a newer suburb. The data indicates it’s a home that has been well-maintained and assessed favourably over time, offering a sense of established stability. It would suit practical buyers looking for a solid, spacious bungalow in a mature neighbourhood, perhaps downsizers seeking single-level living with a sizable yard, or value-oriented families who prioritize indoor and outdoor space over a brand-new build. A thoughtful perspective is that its high ranking on its own street suggests a desirable pocket within the area, which can often be more important than broader neighbourhood trends.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value of $43,500k is for municipal tax purposes. The last known sale was between $350k-$400k in 2017. Market price is determined by current conditions, but the high assessed value ranking suggests the property has strong underlying value fundamentals.
2. What does the "elite" ranking for year built on the street mean?
With a build year of 1975, it is ranked 1st out of 39 homes on Thunder Bay. This doesn't mean it's the newest, but that its age is favourable compared to its direct neighbours—it is likely newer than most on the street, which can be an advantage for systems and upkeep.
3. Is the living area sufficient for a family?
At 1,199 sqft, it is above average for both the street and Meadowood. This size is typical for a comfortable 3-bedroom bungalow and is generally suitable for a small to medium-sized family, especially when combined with the large lot.
4. Why is there a range for the 2017 sold price, and how can I get the exact figure?
Sold price ranges are estimated from public data. The exact sale price is available by request via email from the listing service, which they provide manually without using your email for marketing.
5. How does the lot size impact future potential?
The lot of nearly 6,000 sqft is above average for the area. This not only allows for more private outdoor space but also offers greater potential for future landscaping, additions, or renovations, subject to city bylaws.