Property Overview: 287 Greenwood Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This 1975 bungalow in Meadowood presents a practical opportunity centered on its generous lot. The home itself is compact at 997 sq ft, placing it below the city average for living space, but it sits on a notably large 6,156 sq ft parcel of land. This lot size is well above average for both the immediate street and the broader Meadowood area, offering significant outdoor space and potential.
The appeal lies in this land-to-house ratio. It’s a property where the value is more in what you could do with the space rather than in a move-in-ready, expansive interior. The assessed value is modest relative to city-wide averages, suggesting an accessible entry point into the Winnipeg market. It would best suit a buyer comfortable with a home of a simpler, older vintage who prioritizes yard space for gardening, children, or future expansion over immediate square footage. It's also a candidate for investors or renovators looking for a property with a strong underlying asset (the land) in a stable neighbourhood.
Frequently Asked Questions
1. Is the house in need of major updates?
Built in 1975, the home is newer than many on its street but is now 50 years old. Buyers should budget for updates consistent with a home of this age, such as roofing, windows, or mechanical systems, and have a thorough inspection.
2. How does the lot size compare to nearby properties?
The lot is a key feature. At over 6,150 sq ft, it is larger than approximately 89% of lots on Greenwood Avenue and 80% of those in Meadowood, offering more privacy and space than most neighbours.
3. Why is the assessed value relatively low?
The assessed value reflects the property's current state as a modest-sized, older home. It is below the street average and aligns with the Meadowood average. The valuation primarily considers the existing structure, not future development potential.
4. What is the neighbourhood like?
Meadowood is a mature, established neighbourhood. The property rankings indicate it is typical for the area in terms of living space and value, suggesting consistency rather than standing out as an outlier.
5. Can I get the exact historical sale price?
The public data shows a sale between $250k-$300k in 2017. The exact sale price is not publicly listed online, but you can request it directly via the provided email service for precise historical information.