Property Overview: 27 Gascon Road, Meadowood, Winnipeg
Key Characteristics & Appeal
This 1,120 sqft bungalow, built in 1975, presents a solid, no-surprises opportunity in the Meadowood neighbourhood. Its primary appeal lies in its efficient use of space and well-proportioned lot. The home offers more living area than most on its street, ranking in the top 5% of Gascon Road for size. The 4,999 sqft lot is also notably larger than many immediate neighbours, providing above-average outdoor space for the street.
The property sits comfortably in the middle of the market when viewed in a broader context. Its assessed value and living area are consistently "around average" when compared to both the wider Meadowood area and the city as a whole. This positioning suggests a home that is neither over-improved nor under-improved for its location, offering a balanced entry point into a stable neighbourhood. It would suit practical, value-conscious buyers—perhaps first-time homeowners, downsizers, or investors—who prioritize a functional layout and a decent-sized yard over modern finishes or premium location status. The 1975 build date indicates that while major components may be original, the home is from an era of straightforward construction, potentially appealing to those comfortable with gradual updates.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, it last sold between $300,000 and $350,000 in 2018. Its current assessed value is approximately $392,000, which aligns with the average for its immediate area and street.
2. Is the lot size a significant advantage?
Yes, particularly for the street. The lot ranks in the top 16% on Gascon Road, meaning it offers more yard space than most neighbouring properties, which is a less obvious but valuable asset.
3. What should I expect from a home built in 1975?
You can expect a classic, functional layout typical of the era. Buyers should budget for potential updates to major aging systems (like roofing, windows, or the furnace) and anticipate that interior aesthetics may reflect older styles.
4. How does the living space compare to newer homes?
At 1,120 sqft, it provides more space than the average home on its street but is slightly below the current city-wide average for living area. It’s a practical size for a smaller household or those seeking efficient, manageable square footage.
5. Where can I see more detailed comparisons with nearby homes?
A dedicated neighbourhood analysis page is available, showing this property on a map alongside nearby houses for direct comparison of year built, living area, assessed value, and lot size.