Property Overview
175 Tychonick Bay is a well-maintained, modern home in Winnipeg's Meadows neighbourhood. Built in 2012, its key appeal lies in its relative newness compared to most homes in the city and its efficient, above-average living space. With 1,695 sqft of living area, it offers more room than roughly 80% of homes in the broader Meadows area and citywide, while sitting on a standard urban lot just under 5,000 sqft.
The home’s value proposition is nuanced. Its assessed value is notably lower than the average on its own street, which could indicate a value opportunity for buyers looking in this specific area. However, that same assessment is well above average for the Meadows and city overall, suggesting the property holds its value strongly in the wider market. This positions it as a modern, low-maintenance home that is newer than 90% of Winnipeg's housing stock, ideal for professionals, small families, or downsizers seeking a contemporary layout without the premium of a brand-new build. It suits a buyer who prioritizes move-in readiness and efficient use of space over a sprawling lot, and who is savvy enough to explore why its valuation stands out on its immediate block.
Frequently Asked Questions
How does the home's value compare to its neighbours?
The home’s assessed value is below the average for Tychonick Bay itself, but ranks well above average for the larger Meadows area and the entire city. This suggests it may represent good value within its immediate street while being a solid asset in the broader market.
Is the home considered large for the area?
Yes. With 1,695 sqft, it has more living space than approximately 80% of homes in the Meadows neighbourhood and across Winnipeg, making it a comfortably sized property.
What are the implications of the 2012 build year?
Built just 14 years ago, this home is newer than about 90% of properties in Winnipeg. This typically means fewer immediate maintenance concerns, modern building standards, and updated systems compared to the city's older housing inventory.
How does the lot size compare?
The 4,960 sqft lot is very typical—ranking near the middle of the pack—for its street, the Meadows area, and the city. It provides standard outdoor space for a suburban home without being exceptionally large or small.
What was the recent sale history?
The property sold in 2023 for an estimated price between $500,000 and $550,000. That sale price ranked within the top 13% city-wide at the time, indicating strong market performance.