Property Overview: 266 Greenwood Avenue, Meadowood, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,104 sqft bungalow, built in 1975, presents a solid, no-surprises offering in the established Meadowood neighbourhood. Its key appeal lies in its balanced, middle-of-the-road metrics, suggesting a property that is both manageable and well-positioned within its community. With an assessed value of $390k ranking notably above average for its own street, it indicates a perceived value that outpaces many immediate neighbours—a point for consideration. The lot size is generous for the area, and the home's age is newer than most on Greenwood Avenue, potentially hinting at fewer immediate major retrofits compared to older stock.
The home suits practical buyers seeking a straightforward entry into homeownership or a long-term residence without extreme peaks or valleys in its profile. It’s ideal for someone who values a stable, known quantity over a fixer-upper project or a brand-new build. A thoughtful perspective is that this property represents the "reliable middle" of the market: it may not lead in any single category city-wide, but its above-street-average assessment and newer build year offer a relative sense of security and modernity within its specific locale.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows a mixed picture. While its living space is slightly below the street average, its assessed value is in the top 28% on Greenwood Avenue. This suggests it may have features, condition, or lot appeal that assessors value more highly than many neighbouring homes.
2. What might the sold price history from 2017 indicate?
The previous sale in the $300k-$350k range (2017) versus the current $390k assessment highlights market appreciation. It’s a useful benchmark, but a professional appraisal and current market conditions are essential to understand today's value.
3. As a 1975 build, what should I be aware of?
While newer than many homes on its street, a 51-year-old home will likely have had several updates. Key systems like roofing, windows, plumbing, and electrical should be inspected to see if they are original or have been modernized.
4. Is the lot size a pro or con?
At over 5,000 sqft, the lot is above average for the street. This is a pro for outdoor space and privacy but may mean more yard maintenance. It could also offer future potential, subject to local zoning.
5. Why is the assessed value higher than the street average?
A higher assessment than neighbours can stem from better upkeep, additions, premium lot location, or interior finishes. It’s important to verify what specific attributes contribute to this, as it will also influence property taxes.