Property Overview: 337 Meadowood Drive
Key Characteristics & Appeal
This 900 sqft bungalow, built in 1974, presents a practical and affordable entry point into Winnipeg’s Meadowood neighbourhood. Its key appeal lies in its relative value and established location. While the living space is modest and below the city-wide average, the home sits on a standard-sized lot for its immediate street. The assessed value is notably low compared to the broader Meadowood area, suggesting a potentially lower property tax burden and an opportunity for buyers focused on fundamentals over size.
The home would suit first-time buyers or investors seeking a straightforward, lower-maintenance property in a mature neighbourhood. Its above-average ranking for year built on its own street indicates it is among the newer homes in that specific cluster, a subtle point for those mindful of the potential for slightly newer infrastructure. This isn’t a luxury property, but a grounded option for those prioritizing location and fiscal efficiency over square footage.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $28,900 is for municipal tax purposes and is typically much lower than the expected market sale price, as seen in the 2016 sale history of $200k-$250k. It is a useful metric for estimating annual property taxes, not for determining listing price.
2. How does the home’s size compare to the area?
At 900 sqft, the living area is slightly below average for Meadowood Drive itself and is more compact than the typical home in both the wider Meadowood area and Winnipeg overall. This contributes to its affordability.
3. What does the "Top 7%" ranking for Year Built on the street mean?
This means that, on Meadowood Drive, this home is among the newest 7% of comparable properties. In this specific grouping, it is newer than most of its immediate neighbours, which may be a consideration for maintenance planning.
4. Why is the city-wide average assessed value so high ($390k) compared to this home’s?
The city-wide average includes all property types and values across Winnipeg. This home’s assessed value is compared to a specific group of "comparable homes" within that vast pool, making the direct $390k average less relevant. Its more meaningful comparison is the $37,600 average for similar homes in the Meadowood area, where it sits below average.
5. How can I find out the exact historical sale prices?
The provided sale price data is a range from public records. As noted on the detail page, you can request the exact sold price history by emailing the listing service, which provides the information manually without marketing spam.