Property Overview: 32 Beachside Bay, Meadows, Winnipeg
Key Characteristics & Appeal
This home at 32 Beachside Bay is a well-positioned property in the Meadows neighbourhood, built in 1994. With 1,633 square feet of living space, it offers a practical, family-sized layout that ranks above average for both the Meadows area and Winnipeg overall. The lot is a manageable 5,061 square feet, typical for the immediate street and area.
The primary appeal lies in its strong relative value and established location. The assessed value of $48,500 places it in the top 20-22% of comparable homes in Meadows and citywide, suggesting it is a financially sound asset in its class. Notably, it is a newer build compared to many Winnipeg homes, ranking in the top 20% citywide for its year of construction. Recent sale history indicates steady market appreciation.
This property would suit pragmatic buyers looking for a solid, move-in-ready home in a mature neighbourhood without paying a premium for the largest lot or the newest build on the block. It’s ideal for those who value space and modern amenities (for a 1990s build) over a sprawling yard, and for investors or homeowners who appreciate a home that consistently performs above the median in key value metrics within its broader community.
Frequently Asked Questions
1. How does this home’s size compare to its neighbours?
At 1,633 sqft, the living area is very close to the average (1,576 sqft) for Beachside Bay itself. However, it stands out as more spacious than the typical home in both the wider Meadows area and across Winnipeg, placing it in the top 25% for size in those comparisons.
2. What does the assessed value tell us about the property?
The assessed value of $48,500 is a strong indicator. It ranks significantly above average for the Meadows area (top 20%) and citywide (top 22%), suggesting the property is viewed as a higher-value home within its peer group, which can be positive for equity.
3. Is the lot size a drawback?
The lot of 5,061 sqft is slightly smaller than the average on Beachside Bay but is very typical for the Meadows neighbourhood. It provides a balanced outdoor space for gardening or recreation without the maintenance demands of a much larger yard.
4. The home was built in 1994. What should I consider?
Being built in 1994 means the home is newer than roughly 80% of Winnipeg’s housing stock. Buyers should anticipate maintenance and potential updates consistent with a 30-year-old home, such as roofing, windows, or major appliances, but it likely avoids some issues common in much older properties.
5. How has the property’s value changed over time?
Based on available sold price ranges, the property appreciated from an estimated $400k-$450k in 2019 to $500k-$550k in 2023. This growth trajectory performed better than most comparable homes in the Meadows area and citywide during that period.