Property Overview: 3 Sand Point Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 3 Sand Point Bay in the Meadows neighborhood presents a compelling mix of space and value. Its key characteristic is its above-average living area of 1,670 sqft, which places it comfortably within the top 20-30% of homes in its immediate area and across Winnipeg. This suggests a home that offers more interior room than many comparable properties. Built in 1988, it is a mature home that may appeal to those preferring established neighborhoods over new subdivisions.
The appeal lies in this balance. You get a notably spacious interior on a standard city lot, but with an assessed value that is below average for its own street and around the median for the wider area. This disconnect between its generous square footage and its valuation could represent a value opportunity for a buyer willing to invest in updates, making it a potential "diamond in the rough." It would suit practical buyers looking for room to grow without a premium price tag, or investors seeking a property with solid fundamentals in a stable area. The recent sale history (2021) indicates active market interest in this specific location.
Section 2: Frequently Asked Questions
1. Is the assessed value of $39,900 the market price?
No. The assessed value is for municipal tax purposes. The actual market price is determined by current buyer demand and recent sales of similar homes, like the property's last sale between $400k-$450k in 2021.
2. How does the home's size compare to others?
Very favorably. With 1,670 sqft of living area, this home is larger than approximately 75-80% of comparable homes in the Meadows area and citywide, making space one of its strongest assets.
3. What does the "below average" assessed value for the street mean?
This indicates that, for property tax purposes, this home is valued lower than most of its direct neighbors on Sand Point Bay. This could be due to factors like the home's condition, specific features, or the timing of assessment. It may result in relatively lower property taxes compared to nearby houses.
4. The home was built in 1988. What should I consider?
A home of this age is likely to have seen updates, but may also require attention to major systems like the roof, windows, furnace, or plumbing. A thorough inspection is essential to understand the condition and any upcoming capital investments.
5. How can I find out the exact past sale prices?
The provider offers a manual service to share precise historical sale data. You can submit your email request directly on the listing page for a detailed reply, typically by the end of the same business day.