Property Overview & Key Characteristics
This home at 162 Tychonick Bay in Winnipeg's Meadows neighbourhood presents a compelling mix of modern convenience and practical value. Built in 2012, it is a notably newer home compared to most in the wider city and ranks among the newest in its immediate area. With 1,431 sqft of living space, it offers a comfortable, average-sized layout for the city and neighbourhood, though it is on the more modest side for Tychonick Bay itself. The lot size of 4,893 sqft is consistent with area norms.
The appeal lies in its balance. You get the benefits of a relatively new build—likely with modern systems, insulation, and less immediate maintenance—situated in an established area. The assessed value is above average for both Meadows and Winnipeg overall, suggesting solid municipal valuation, yet the home last sold in the $350k-$400k range (2018), indicating a potentially accessible entry point for the neighbourhood. It would suit first-time buyers or downsizers seeking a low-maintenance, move-in-ready home without the premium of a brand-new subdivision. It’s also a practical choice for value-focused buyers who prioritize a newer construction year over having the largest home on the street.
Frequently Asked Questions
1. Is this a good value for the Meadows area?
The data suggests it could be. While its assessed value is above the neighbourhood average, its previous sold price and living area indicate it may offer a more affordable way to own a newer home in the area compared to larger properties on the same street.
2. What does the "Elite" ranking for Year Built mean?
This means the 2012 build date is newer than approximately 99% of comparable homes in the Meadows area. You are unlikely to find many homes of this age in the immediate neighbourhood, which is a significant advantage for maintenance and modern standards.
3. The lot is smaller than average for the street. Is that a major drawback?
It depends on your priorities. The lot is still a good size by city standards and likely requires less upkeep. For buyers who value a newer home over extensive outdoor space, this is a reasonable trade-off.
4. How reliable are the "Sold 2018" price ranges?
These ranges are based on publicly available data. For the exact historical sold price, you can request it via email from the site; they provide this detail manually to ensure accuracy.
5. Who might this property not suit?
Buyers seeking a large, expansive family home with a premium lot on Tychonick Bay may find it compact. Similarly, those looking for a fixer-upper or a vintage character home would be better served by an older property in the area.