Property Overview
This home at 75 Lafortune Bay in Winnipeg's Meadowood neighborhood presents a compelling blend of space, value, and established community living. Built in 1985, it sits on a generous 6,470 sqft lot and offers 1,488 sqft of living area.
Key Characteristics & Appeal
The primary appeal of this property lies in its strong positional value within its immediate area. While its living space is fairly typical for its own street, it stands out significantly within the broader Meadowood neighborhood, ranking in the top 9% for size. Its assessed value of $500K is notably high, placing it in the elite top 4% for Meadowood and suggesting a home that is either well-appointed, well-maintained, or both compared to area norms. The lot size is also consistently above average across all comparison levels.
This home would suit buyers looking for an established, mature property with more space—both indoors and out—than many others in the community. It’s a solid option for those who value a neighborhood with settled character and are possibly looking for a property with inherent value that already outpaces many of its neighbors. A thoughtful perspective is that while the home is 41 years old, it is newer than the average house in Winnipeg, potentially meaning updates or major systems could be more recent than in many other older city homes.
Frequently Asked Questions
1. How does this home’s value compare to what it last sold for?
The home sold in 2022 for an estimated $600K-$650K. Its current assessed value is $500K. It’s important to consult with a real estate professional to understand current market conditions and how assessment values relate to likely listing prices.
2. Is the living space considered large for the area?
Yes. With 1,488 sqft, this home is larger than approximately 91% of comparable homes in the wider Meadowood neighborhood, making it a spacious option in that context.
3. What does the "Elite" ranking for its assessed value in Meadowood indicate?
This ranking means the home’s $500K assessed value is higher than about 96% of homes in Meadowood. This often reflects a combination of factors like lot size, living area, condition, and improvements relative to other area properties.
4. The home was built in 1985. What should I consider?
A home of this age is likely to have seen updates or replacements to key components like the roof, windows, or HVAC system. It’s advisable to inquire about the history of major upgrades and to include a thorough home inspection as a condition of any offer.
5. How can I get more context on this specific street and lot?
The listing suggests using the "Open neighbourhood map analysis" tool. This provides a visual comparison of nearby homes by year built, lot size, and value, giving you a clear sense of how this property fits into its immediate surroundings.