23 Richfield Avenue

Property Overview

This home at 23 Richfield Avenue in Winnipeg’s Meadowood neighbourhood stands out for its modern build and generous interior space relative to its surroundings. Built in 2011, it is a notably newer property compared to most homes on its street and in the wider area. Its key appeal lies in its above-average living area of over 2,000 square feet, which ranks in the top tier locally, offering more room than typical homes in Meadowood and across the city. This is paired with a proportionally smaller, more manageable lot, suggesting a focus on interior living space over extensive yard maintenance.

The property would suit buyers looking for a modern, move-in-ready home without the premium often attached to brand-new construction. It’s ideal for those who value spacious interiors for a growing family or home office setup, and who prefer a lower-maintenance yard. The strong assessed value ranking also indicates a solid investment within its community, appealing to value-conscious buyers seeking a home that stands out in its peer group for quality and size.

Frequently Asked Questions

1. How does the lot size impact the property?
While the living area is generous, the lot is smaller than average for the area. This typically means less outdoor maintenance and lower landscaping costs, but may be a consideration for buyers wanting a large yard for gardening or recreation.

2. Why is the assessed value ranking so high compared to the sale history?
The assessed value is consistently ranked in the top 2% for Meadowood, indicating the city views it as a high-value property relative to its neighbours. The past sold price range may reflect the market at that time, but the current assessment suggests a strong and growing underlying value.

3. What does it mean that this is a newer home in an older neighbourhood?
Built in 2011, the home benefits from modern construction standards, likely including updated electrical, plumbing, and insulation. This can mean greater energy efficiency and fewer immediate repair concerns compared to older homes nearby, though it’s wise to verify the condition of age-related components like the roof or HVAC.

4. Are the property taxes likely to be higher?
Given its assessed value is significantly above the area average, the municipal property taxes are likely correspondingly higher than those for older, smaller homes in Meadowood. Buyers should factor this into their monthly budgeting.

5. How can I get the exact historical sale price?
The listed sale price is a public data range. To obtain the exact sale price from previous transactions, you can request it directly via the email option provided on the listing page. The service commits to providing the accurate figure without using your contact information for marketing spam.