Property Overview: 161 Bill Blaikie Bay, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition within the Meadows neighborhood. Built in 2009, it is a notably newer construction compared to most homes in Winnipeg, offering modern building standards and systems without the premium often associated with brand-new builds. The 1,062 sqft living area is compact, ranking it among the smallest on its street, which suggests an efficient, lower-maintenance layout ideal for simplifying daily life.
Its primary appeal lies in its balance of a newer build on a decent-sized lot (4,772 sqft) at a very accessible assessed value. While its value is below average for its immediate bay, it aligns with the average for the broader Meadows area. This creates an opportunity: you’re acquiring a relatively contemporary home in a stable neighborhood without paying a steep street premium. It would suit first-time buyers, downsizers, or pragmatic investors seeking a modern, no-fuss property with room to grow outdoors rather than a large interior to maintain. The data suggests it’s a practical choice for those who prioritize lot size and building age over square footage.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. The assessed value is near the area average, indicating it’s fairly valued for Meadows. Its lower rank on its specific street suggests neighboring properties may have larger homes or more extensive renovations, but it doesn’t reflect a flaw in this property.
2. How does the smaller living area impact livability?
The home is efficiently sized. It will suit individuals, couples, or small families who prefer a cozy, easy-to-maintain space. The trade-off is a newer build and a generous lot, offering potential for outdoor living or future expansion where permitted.
3. What does the 2009 build year mean for me?
A 17-year-old home is past its initial warranty period but is still modern. Major components like the roof, HVAC, and windows are likely in good condition but entering the phase where routine maintenance and eventual replacement should be budgeted for, avoiding the surprise issues common in much older homes.
4. How does the last sold price (2016, $300k-$350k) relate to today’s value?
That historical price provides context for past market conditions. Current value is better indicated by the recent assessed value and how the property compares to current area averages, as shown in the detailed metrics.
5. Why is there a discrepancy between the city-wide average assessed value ($390k) and this home’s value?
The city-wide average includes a vast range of property types, ages, and neighborhoods. This home’s value is consistent with its specific area (Meadows), which is a more relevant comparison for understanding its market position.