Property Overview: 323 Meadowood Drive, Winnipeg
Key Characteristics & Appeal
This home at 323 Meadowood Drive is a compact, single-family residence built in 1974, offering a practical entry point into Winnipeg’s Meadowood neighborhood. With 826 square feet of living space on a 3,142 sqft lot, its scale is notably smaller than most homes in the wider area and city. This defines its core appeal: it is a manageable, lower-maintenance property in an established community.
The home’s assessed value is modest, sitting comfortably around the average for its immediate street but well below averages for the broader Meadowood area and the city. This suggests a potentially accessible price point for the neighborhood. A key, less obvious perspective is its relative "newness" on its street—being built in 1974 makes it newer than most direct neighbors, which could imply updates in its construction era or simply less wear compared to older stock.
This property would best suit first-time buyers seeking affordability in a mature area, downsizers looking to reduce space and upkeep without leaving a familiar community type, or pragmatic investors interested in a straightforward rental property. Its appeal lies in simplicity and location over size or modern luxury.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 826 sqft, the living area is below the average for Meadowood Drive, the wider Meadowood area, and Winnipeg overall. It is a compact, efficient layout.
2. What does the assessed value tell me about the price?
The assessed value of $28,500 is around average for the immediate street but is significantly below the averages for the larger neighborhood and city. This typically indicates a more accessible price point for the area.
3. Is the home older than others nearby?
No, it is actually newer than most on its street. Built in 1974, it ranks in the top 7% for year built on Meadowood Drive, meaning it is one of the more recently built homes among its direct neighbors.
4. How can I find out what it last sold for?
The sold price history shows a range (e.g., CA$300k–350k for 2024). To obtain the exact sale price, you can request it via email from the listing service, which provides the figure manually.
5. What are the trade-offs for the smaller size and lot?
The primary trade-off is less interior and yard space compared to area norms. In return, the property offers lower maintenance, potentially lower property taxes due to its value, and an entry into an established neighborhood. The lot size, while smaller than average, still provides outdoor space for a patio or garden.