Property Overview: 19 Meadowlark Place
Key Characteristics & Appeal
This well-situated one-storey home in Winnipeg's Booth neighbourhood offers a classic and practical layout on a generous 7,195 sqft lot. Its key features include a renovated basement and an attached garage. The appeal lies in its established setting and strong positional value. The property ranks in the top tiers for its lot size and recent sale price within its immediate street and wider neighbourhood, suggesting it is a above-average offering for the area. It last sold in May 2022 for $470,000.
This home would suit buyers looking for a move-in ready, single-level living option with ample outdoor space. It’s ideal for those who value a quiet, established community over a brand-new build. The renovated basement adds valuable flexible space for a growing family, a home office, or a recreation room. A thoughtful perspective is that while the home itself was built in 1965, its standout rankings for lot size and recent sale price indicate the value is anchored in its land and location—appealing for both long-term living and future investment.
Frequently Asked Questions
1. What does the "ranking" data actually tell me?
The rankings compare this property against others on the same street, in the Booth neighbourhood, and across all of Winnipeg. For example, ranking in the "Top 15%" for year built on its street means it is one of the newer homes on Meadowlark Place, providing context you wouldn't get from the year alone.
2. How does the 2022 sale price relate to today's value?
The $470,000 sale price from May 2022 is a strong recent data point, but it is a historical benchmark. Current market conditions, updates made since then, and recent comparable sales would determine the present value.
3. Is the renovated basement a legal suite?
The listing states the basement is "renovated" but does not specify it as a legal secondary suite. A buyer should verify the permits and compliance of the renovations to understand its legal use and potential for rental income.
4. What are the advantages of a larger lot in this area?
The lot size is in the top 30% on the street, offering more private outdoor space than many neighbours. This allows for gardening, play areas, or future additions like a shed or deck, which can be rare in older neighbourhoods.
5. How does the assessed value relate to the market price?
The assessed value of $40,900 is for municipal tax purposes only and is typically far below a home's market value. It should not be used as an indicator of listing or sale price, which is influenced by broader market factors.