Property Overview & Appeal
This home at 70 Thunder Bay in Winnipeg's Meadowood neighborhood presents a solid, above-average offering within its immediate area. Built in 1975, its key characteristic is its established and consistent standing. With 1,094 sqft of living space and a 5,497 sqft lot, it is not the largest home, but it ranks well against its direct neighbors on Thunder Bay, particularly for its living area and assessed value. Its appeal lies in this relative strength on its own street—it offers more space and a higher valuation than many homes around it, suggesting a well-maintained property in a stable setting. It would suit a practical buyer looking for a move-in-ready home in a mature neighborhood without the premium of a new build, or an investor seeking a property with proven, steady value in a community of similar homes.
A thoughtful perspective is that this home represents the "reliable middle" of its market. It’s not an outlier in size or age, but its consistent above-average ranking on its street indicates a property that has likely kept pace with or exceeded local norms. This can be a sign of prudent updates and care. The fact that it is one of the newer homes on its block (top 3% for year built on Thunder Bay) is a less obvious advantage, potentially meaning fewer immediate concerns with aging infrastructure compared to immediate neighbors.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it consistently performs better than most homes on its own street, ranking in the top 28% for both living area and assessed value. Compared to the wider Meadowood area and city, it sits around average, indicating it's a strong contender within its most immediate and relevant market.
2. What does the assessed value tell me?
The assessed value of $39,900k is for municipal tax purposes and is above average for both the street and the Meadowood area. This typically reflects the city's valuation of the property and land, and its strong relative position can be a positive indicator of its standing, though market sale price is determined by current buyer demand.
3. The home was built in 1975. What should I consider?
While 51 years old, it's actually one of the newer homes on Thunder Bay (top 3%). This is a positive relative point. As with any home of this age, the condition of major systems like roof, windows, plumbing, and electrical will be key, but it may have newer updates compared to neighboring properties.
4. Is the lot size a pro or a con?
At 5,497 sqft, the lot is around average for the area. It provides standard suburban outdoor space but isn't exceptionally large. For buyers seeking a manageable yard without extensive upkeep, this is a balanced offering.
5. How can I find out the exact past sale price?
The listed sale price range is based on public data. To obtain the exact historical sale price, you can use the email request feature provided on the listing page. The service promises to provide the accurate figure manually, without using your email for marketing spam.