Property Overview: 275 Meadowood Drive
Section 1: Key Characteristics & Appeal
This 826 sqft bungalow, built in 1974, presents a straightforward, low-maintenance living opportunity in Winnipeg's Meadowood neighbourhood. Its primary appeal lies in its accessibility and efficiency. With a living area and lot size (3,148 sqft) that are notably compact compared to broader city averages, the home is manageable and incurs lower municipal property taxes, as reflected in its assessed value.
A thoughtful perspective is its relative modernity within its immediate streetscape—it's one of the newer homes on Meadowood Drive. This suggests potentially fewer major age-related issues than some neighbours. The property suits first-time buyers seeking an affordable entry into the market, downsizers looking to simplify without leaving the area, or pragmatic investors interested in a property with a stable, lower-cost base. It’s a home for those who prioritize financial efficiency and ease of upkeep over spaciousness.
Section 2: Frequently Asked Questions
1. Why is the assessed value significantly lower than the city-wide average?
The assessed value is based on municipal evaluation for tax purposes and is influenced by the home's compact size, lot dimensions, and specific market conditions in its area. A lower assessment typically translates to lower annual property taxes.
2. How does the home's size impact livability?
At 826 sqft, the living space is efficient. It likely accommodates one or two occupants comfortably. Buyers should consider if the layout meets their spatial needs, though this scale offers easier maintenance and lower utility costs.
3. What does being a "newer" home on the street imply?
Constructed in 1974, this home is among the more recent builds on its block. This can be an advantage, suggesting that core components like wiring or plumbing might be relatively more modern compared to older neighbouring houses.
4. Is there room for expansion or gardening on the lot?
The lot is smaller than many in the wider city. While it provides outdoor space, options for large additions or extensive landscaping may be limited. It's best suited for a low-maintenance yard.
5. How can I find out what this or similar homes have sold for?
Exact sale price history is not publicly displayed. You can request the precise sold price data for this address via the email service provided on the listing page.