Property Overview & Key Characteristics
This home at 30 Long Point Bay in Winnipeg's Meadows neighbourhood presents a specific and practical value proposition. Its key characteristic is its compact size, with a living area of 718 sqft, which is notably smaller than most homes on its street, in the area, and across the city. The lot is also modest at just under 3,000 sqft. Built in 1986, it is actually one of the newer homes on Long Point Bay. The assessed value is relatively low compared to its immediate surroundings, but aligns more closely with the city-wide average for comparable properties.
Its primary appeal lies in affordability and efficiency. It suits first-time buyers seeking an entry point into homeownership, investors looking for a rental property with lower carrying costs, or downsizers who prioritize minimal upkeep over space. A less obvious perspective is that a smaller, well-planned home on a manageable lot can mean significantly lower utility bills, property taxes, and maintenance time, freeing up resources for other pursuits. Its "newer" age for the street suggests potentially fewer major system updates than older neighbours.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average for comparable homes?
The data shows the city-wide average for comparable homes is $390k, but this is likely skewed by including very different property types or areas. A more relevant comparison is the local Meadows area average of about $40.9k, to which this home's $30.4k assessment is closer. Assessments are for taxation purposes and can differ significantly from market value.
2. How does the sold price history from 2019 relate to today's value?
The home sold for an estimated $200k–$250k in 2019. This provides a historical benchmark, but market conditions have changed since then. It's essential to get a current market evaluation to understand its present value.
3. What are the practical implications of the home being smaller than average?
The 718 sqft size means efficient use of space is crucial. It may feature fewer bedrooms or combined living areas. This suits a simpler lifestyle but requires careful consideration regarding storage and furniture layout.
4. Is the smaller lot size a disadvantage?
While smaller than most in the area (ranked in the bottom 13% on the street), a 2,999 sqft lot requires less landscaping and yard maintenance. This can be a benefit for those who see outdoor upkeep as a chore rather than a hobby.
5. How can I find out the exact past sold price?
The exact sold price is not publicly displayed. As noted on the detail page, you can request it by email from the service; they provide the accurate figure manually without using your email for unsolicited marketing.