Property Overview: 18 Blostein Bay, Winnipeg
Key Characteristics & Appeal
This 1,040 sqft bungalow in the Meadows neighbourhood presents a practical and value-conscious opportunity. Built in 1986, it is notably newer than most homes on its street and across Winnipeg, which can be a significant advantage for maintenance and systems. The home sits on a 4,599 sqft lot, offering manageable outdoor space.
Its primary appeal lies in its position as an affordable entry point into the housing market. The assessed value is below average for both the immediate street and the broader Meadows area, suggesting a potentially lower property tax burden and a price point that may attract first-time buyers or investors. While the living space is compact compared to some neighbours, it represents a functional layout typical of its era. This property suits buyers seeking a no-frills, established home in a mature neighbourhood without a premium price tag. It would also be a candidate for those looking for a solid foundation with renovation potential, given its newer build date relative to many comparable properties.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The data indicates it is a value-oriented option. Its assessed value ranks in the top 89% on Blostein Bay (meaning it's one of the lowest), which typically translates to a lower purchase price and property taxes. However, its living area and lot size are also below the street average.
2. What does the "Elite" ranking for Year Built mean?
This means the home is one of the newest on its street, ranking 2nd out of 45 comparable properties. Built in 1986, it is significantly newer than the Winnipeg city-wide average home (1966), which may mean fewer concerns with outdated wiring, plumbing, or insulation found in much older homes.
3. How does the recent sold price compare to the assessed value?
The home sold for an estimated $400k-$450k in 2024, which is substantially higher than its $35,400 assessed value. This is normal, as assessed value for taxes rarely matches market value. The sale price ranked in the top ~30% across all benchmarks, meaning it sold for less than most comparable homes.
4. Who would this property not be suitable for?
It may not suit buyers looking for ample indoor space or a large yard, as it is below average in both categories for the area. Those seeking a move-in-ready home with modern, open-concept layouts might also find the 1986-era floor plan and standard finishes require updating.
5. Why is the city-wide assessed value comparison so different?
The data shows the city-wide average assessed value for comparisons is listed as $390k, which appears to be a notable discrepancy. It's important to focus on the "same area" (Meadows) and "same street" comparisons for a more accurate benchmark, as city-wide data can be skewed by very high or low-value neighbourhoods.