Property Overview
This home at 86 Rick Boychuk Bay in Winnipeg's Mission Gardens neighbourhood presents a specific value proposition. Built in 2007, it is a relatively modern home on a decent-sized lot (4,856 sqft). The key characteristic is its assessed value of $440,000, which sits above average for both the Mission Gardens area and the wider city. Interestingly, at 1,203 sqft, its living space is the smallest on its specific street but is closer to the average for the neighbourhood and city. This creates a dynamic where you're acquiring a newer, well-assessed property in a desirable area, but with more modest interior square footage.
Its appeal lies in this balance. It suits a buyer who prioritizes location, a newer build year (minimizing immediate major repairs), and lot size over sheer interior volume. It could be ideal for downsizers, small families, or investors seeking a modern property in a stable area. A less obvious perspective is that its smaller size on a street of larger homes might offer relative affordability in a prime spot, while its above-average assessment for the area suggests it holds its value well within the community.
Frequently Asked Questions
1. Is the house significantly smaller than its neighbours?
Yes. The living area is 1,203 sqft, which ranks it last (37th of 37) on Rick Boychuk Bay itself, where the average home is about 1,634 sqft. However, it's much closer to the average size for the broader Mission Gardens area.
2. Why is the assessed value high compared to the living area?
The assessed value of $440,000 is well above average for the neighbourhood and city. This suggests factors like the desirable 2007 build year, the lot size, and the specific location on the bay contribute significantly to its municipal valuation, offsetting the smaller square footage.
3. What does the sold price history indicate?
Public data shows it last sold between $300k-$350k in 2016. The current assessed value of $440k reflects market growth and municipal valuation over the past nine years. For the exact historical sold price, you can request it via email from the listing source.
4. How does the lot size compare?
At 4,856 sqft, the lot is above average for its immediate street and about average for the Mission Gardens area. It offers a good outdoor space relative to the home's footprint.
5. Who would this property not suit?
It may not suit buyers who need extensive living space or who prioritize having one of the largest homes on the block. Those seeking a project or a historic character home would also likely look elsewhere, given its modern build year.