Property Overview
This home at 122 Tychonick Bay in Winnipeg’s Meadows neighbourhood presents a distinct value profile. Built in 2011, it’s a relatively modern home on a larger-than-average lot. Its appeal lies in this combination: it offers a newer build in a well-established area, paired with a generous 6,335 sqft land area that provides ample outdoor space and potential. The home’s living area of 1,275 sqft is comfortably sized for many, though it is notably smaller than other homes on its own street.
The property is best suited for practical buyers who prioritize land size and a newer construction year over sheer interior square footage. It would appeal to a first-time buyer looking for a modern, low-maintenance home with room to grow outdoors, or an investor attracted by its above-average assessed value relative to the broader area. A thoughtful perspective is that this home offers a “best of both worlds” scenario within its immediate micro-market—it’s a newer structure in a neighbourhood of older homes, yet it sits on a lot size that ranks highly, suggesting a premium attribute that may not be immediately obvious.
Frequently Asked Questions
1. How does this home’s size compare to its neighbours?
While its living space is smaller than most on Tychonick Bay, it is very close to the average size for both the Meadows area and the city overall. The trade-off is a significantly larger lot than most comparable homes nearby.
2. What does the “Elite” ranking for Year Built mean?
This indicates the home, built in 2011, is newer than approximately 95% of homes in the Meadows area. It suggests less immediate concern for major age-related repairs compared to much of the local housing stock.
3. Why is the assessed value above average for the area but below average for the street?
The assessed value is higher than most homes in Meadows and citywide, likely due to its newer build and lot size. On its specific street, however, many homes have a higher assessed value, possibly due to larger living areas or other premium features.
4. What was the recent sale history?
The property sold between 2022 and 2025 for an estimated CA$500k–550k. For the exact sale price, you can request the information via email from the listing service.
5. Is the lot size a significant feature?
Yes. The land area of 6,335 sqft ranks in the top 15% on its street and top 16% in the Meadows area. This is a standout feature that offers more privacy, yard space, and potential for additions or landscaping than many properties in its price range.