Property Overview: 270 Greenwood Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This 1,120 sqft bungalow, built in 1976, presents a solid, no-surprises offering in the Meadowood neighbourhood. Its key appeal lies in its established value and efficient use of space. The home sits on a slightly larger-than-average lot for its immediate street and area, offering a decent outdoor footprint. While the living area is modest and typical for the local area, the property's assessed value consistently ranks in the top 10% on its street and in Meadowood, suggesting it is viewed as a well-maintained or favorably positioned home within its peer group. This indicates a property that has kept pace with or exceeded area valuations.
The home would suit pragmatic first-time buyers or downsizers looking for a manageable layout in a mature neighbourhood. Its consistent above-average assessment, paired with a standard lot and living space, points to a low-drama property ideal for someone seeking a straightforward entry into homeownership without extreme fixer-upper potential or luxury features. The recent sale history shows stable value growth, reinforcing its role as a dependable, long-term holding rather than a quick-turn project.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value is strong for the area, it is for municipal tax purposes. Recent sold price ranges from 2020 and 2019 provide a more current market benchmark, but the final price will depend on condition, updates, and current market dynamics.
2. How does the age of the home (50 years) factor in?
Built in 1976, the home is newer than many on its street but average for the wider city. This age typically means modern wiring and plumbing standards, but buyers should budget for routine maintenance or updates to original components like windows, roof, and major systems.
3. The lot is larger than some neighbours. Can I build an addition?
The 5,197 sqft lot provides good space. Any expansion would require checking Winnipeg's zoning bylaws for setbacks, coverage limits, and permits to understand the true potential.
4. The living area is below the street average. Does the layout use space efficiently?
At 1,120 sqft, the home is smaller than the street average (1,263 sqft). This highlights the importance of viewing the floor plan to see if the space is configured openly or divided into many smaller rooms, which affects livability.
5. Why are the sold prices shown as a range, and how do I get the exact figure?
The ranges are based on public data. To protect privacy and ensure accuracy, the exact sale price is provided upon request via email from the listing service, which manually verifies the transaction records.