Property Overview: 112 Culross Bay, Winnipeg
Key Characteristics & Appeal
This well-situated home in the Meadows neighbourhood presents a compelling blend of space, value, and established community. Built in 1984, its key appeal lies in its above-average living space. With 1,522 square feet, it offers significantly more room than most similar homes on its street and in the immediate area, ranking in the top 13% and 30% respectively. This makes it a standout for buyers seeking a spacious interior without an oversized lot, as the 5,099 sqft property is consistent with area norms.
The home’s assessed value is competitive, positioned around the middle of the market for Meadows, suggesting a realistic municipal valuation. A notable perspective is its relative modernity for the street; being built in 1984 makes it one of the newest homes on Culross Bay, ranking in the top 4%. This can imply updated construction standards or materials compared to older neighbours. Recent sales data indicates it sold for between $400,000 and $450,000 in 2024, performing well against local benchmarks.
This property would suit practical buyers looking for a spacious, established home in a mature neighbourhood. It’s ideal for those who prioritize interior square footage over a massive yard and appreciate a home that is newer than many of its immediate peers. It represents a solid, middle-market option with a clear advantage in living space.
Frequently Asked Questions
1. How does the living space truly compare to other homes?
The 1,522 sqft living area is a key strength. It is notably larger than the average home on the same street (~1,205 sqft) and in the Meadows area (~1,286 sqft), offering more room than roughly 70-87% of comparable properties locally.
2. Is the assessed value a reliable indicator of the market price?
The assessed value of $39,600 is a municipal tax valuation. The 2024 sale price of $400k-$450k is a more accurate reflection of current market value, showing the home transacts at a significant premium to its assessed value, which is common.
3. What does the "newer" build year mean for this home?
Built in 1984, this home is among the newest 4% on its street. In an area with many homes from the late 1970s and early 1980s, this can suggest potentially fewer major age-related updates needed compared to older stock, though a full inspection is always advised.
4. How does the lot size impact the property?
The 5,099 sqft lot is very typical for the area, ranking near the median. This indicates a standard suburban yard—manageable for maintenance without being the largest on the block. The value here is weighted toward the interior space rather than extensive land.
5. Where can I see more detailed context about the neighbourhood?
The listing suggests using a neighbourhood analysis page to see this property mapped alongside nearby homes, allowing for direct visual comparison of year built, living area, and lot size with its immediate neighbours.