Property Overview & Key Characteristics
This home at 343 Wales Avenue in Meadowood stands out for its generous proportions, both indoors and out. Built in 1972, its key appeal lies in offering more space than most comparable properties. With 1,507 square feet of living area, it ranks in the top 1% for size on its street and the top 9% within the Meadowood area. The nearly 7,800 square foot lot is even more distinctive, placing in the top 3% on Wales Avenue, providing exceptional outdoor space for a neighbourhood home.
The appeal is clear: you are acquiring a property with above-average interior space on a significantly larger-than-average lot. While the home itself is older than many on its immediate street, this is balanced by a very solid assessed value that sits above average for the local area. It suits buyers looking for a spacious family home with room to grow, garden, or entertain, and who see the value in a well-located, established property where the land itself is a major asset. It may also attract those comfortable with a home of its era, possibly seeing potential in updates over time.
Frequently Asked Questions
1. How does the age of the home affect its value?
While the 1972 build date is older than many neighbouring homes, the property’s assessed value remains strong, ranking above average for both the street and Meadowood. This suggests the significant lot size and living area are primary value drivers, potentially offsetting concerns about age.
2. What does the large lot size mean for me?
A lot of this size (top 3% on the street) is uncommon and offers flexibility. It provides ample space for gardening, children’s play, adding a deck or patio, and even future expansions like a shed or garage, subject to local bylaws.
3. The last sale was between $250k-$300k in 2017. Is that relevant today?
This historical price is a reference point, but the market has evolved since 2017. The current assessed value and the property’s standout features (lot size, living area) are more current indicators of its market position.
4. Is the above-average living space reflected in the home’s layout?
With 1,507 sq ft ranking so highly, the home likely offers a functional layout with good-sized rooms or extra spaces like a main-floor family room, larger bedrooms, or additional bathrooms compared to nearby homes.
5. How does this property compare to the Winnipeg average?
City-wide, this home offers above-average land area and living space. Its assessed value is around the city median, meaning you get more physical property for a value that is typical across Winnipeg, highlighting its relative value within the broader market.