Property Overview
48 Beachside Bay is a well-established home in Winnipeg’s Meadows neighbourhood, built in 1993. Its standout feature is the generous 10,045 sqft lot, which places it in the top 3% of properties in the local area for land size. The 1,791 sqft living space is comfortably above average for both the street and the wider community. With an assessed value of $573,000, it ranks in the top 10% on its street and an elite top 2% within Meadows, indicating a strong and desirable valuation relative to its immediate peers.
Key Characteristics & Appeal
The primary appeal of this property lies in its exceptional lot size, offering rare space and potential for outdoor living, gardening, or expansion in a city context. The home itself provides ample living area for a growing family or those who value spacious interiors. Its assessed value suggests it is considered a premium property within the Meadows area, likely due to a combination of its size, location, and condition. The 1993 build date means it’s a modern-enough home that may avoid some major aging-infrastructure issues found in older stock, while still being part of an established, mature neighbourhood.
This home would best suit buyers looking for a long-term family home with a premium on outdoor space over a brand-new build. It’s ideal for someone who values the stability and character of an established area like Meadows and understands the value proposition of a larger, private lot. It would also appeal to value-conscious buyers who recognize the significance of its high assessed value ranking, seeing it as a marker of enduring worth in the community.
Frequently Asked Questions
1. What does the "Elite — Top 2%" assessed value ranking mean for Meadows?
This means the property’s official city assessment is higher than 98% of the nearly 2,000 homes in the Meadows area. It indicates the property is considered among the most valuable in the neighbourhood, which can be a sign of desirability, but it’s also directly tied to municipal property tax calculations.
2. The home was built in 1993. What should I consider about its age?
A home from this era is likely to have undergone some updates. Key systems like the roof, windows, HVAC, and major appliances may be nearing or have reached their typical lifespans. A thorough inspection is crucial to understand the condition and any upcoming capital expenses, balancing the charm of an established home with practical maintenance planning.
3. How significant is the 10,045 sqft lot size practically?
This is a very large city lot. Beyond just a big yard, it offers notable privacy from neighbours, ample room for additions like a deck, shed, or pool, and potential for future development (subject to zoning). It’s a feature that is increasingly rare and cannot be added to an existing property.
4. The last recorded sale was between 2016-2025 for $450k-$500k. Why is the assessed value now $573k?
Assessed value for property taxes is based on a mass appraisal system and may not reflect current market value. The increase over the last sale price could be due to market appreciation, significant improvements made to the home, or the different methodologies used between assessment and a private sale.
5. The living area is above average, but not in the "elite" tier like the lot size. What does this imply?
This suggests a home with very good interior space, but where the land itself is the standout asset. The floor plan may be traditional for its time. For some buyers, this is a perfect combination: a comfortable, spacious house on a spectacular lot with room to potentially enlarge the home later.