Property Overview: 7 Stoney Lake Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 7 Stoney Lake Bay in the Meadows neighbourhood presents a solid, balanced offering for buyers seeking an established community. Built in 1989, it sits comfortably within the average range for its immediate street and area in terms of living space (1,213 sqft) and assessed value. Its true standout feature is the land: the 5,799 sqft lot is notably above average for both the street and the Meadows area, offering more outdoor space than many neighbouring properties.
The appeal lies in its positional stability. It’s not an outlier in any category, which can indicate a predictable and manageable investment without the premium or drawbacks of extremes. The lot size suggests room for gardening, play, or expansion, a valuable asset in a mature neighbourhood. This property would suit practical buyers—perhaps young families or downsizers—who prioritize a generous yard in a settled area over a brand-new home. It’s for someone comfortable with a house of late-80s vintage who sees the lot as a canvas for their own touch, rather than a move-in-perfect showcase.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
The home sold between $350k-$400k in 2020. Its current assessed value is in line with the average on its street but ranks above average within the broader Meadows area, suggesting it is positioned well within its local market.
2. Is the lot size a significant advantage?
Yes. The property ranks in the top 25-29% for land area within its immediate area and street, meaning you get more yard space than most comparable homes nearby. This is a key differentiator for outdoor living and potential future use.
3. What does the "around average" ranking for living area mean for daily life?
With 1,213 sqft, the home provides typical space for the neighbourhood. It’s not overly large or small, indicating it should meet the general needs of a small to medium-sized household without feeling cramped or excessive to maintain.
4. The home was built in 1989. What should I consider?
A home of this age is in the phase where major components (like the roof, windows, furnace, or HVAC) may be at or beyond their typical lifespan. A thorough inspection is crucial to understand the condition and timeline for any upcoming updates or replacements.
5. How can I find out the exact past sale price?
The provided sale price is a public data range. The listing service offers to provide the exact figure via a manual email request, promising a reply by the end of the same day without using your email for marketing.