Property Overview: 347 Meadowood Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 347 Meadowood Drive is a practical, entry-level property built in 1974. Its key appeal lies in its relative affordability and established location within the Meadowood neighborhood. With 826 square feet of living space, it is notably compact, ranking below average in size for its street, neighborhood, and the wider city. This makes it a manageable and efficient layout, likely suited for a smaller household.
The assessed value of $290,000 is around average for Meadowood Drive itself but sits below the average for the broader Meadowood area and the city. This positioning suggests a value proposition for a buyer comfortable with a smaller footprint in exchange for a lower entry point into the market. The lot size of 3,148 square feet is consistent with others on the street but is smaller than many lots in the wider region.
This property would best suit first-time buyers, downsizers, or investors looking for a straightforward, lower-maintenance home. Its appeal is grounded in practicality rather than luxury, offering a chance to enter a mature neighborhood without a premium price tag. A thoughtful perspective is that its smaller size and lot could translate to lower utility and maintenance costs, aligning with a simpler, more efficient lifestyle. The data indicates it last sold between $250,000-$300,000 in 2019.
Section 2: Frequently Asked Questions
1. Is the house unusually small for the area?
Yes, the living area is below average. It ranks in the bottom 23% on its own street (62nd out of 81 homes) and is about 138 square feet smaller than the street average.
2. How does its value compare to nearby homes?
Its $290,000 assessed value is fairly typical for Meadowood Drive, ranking near the middle. However, it is below the average assessed value for the full Meadowood neighborhood.
3. What is the property’s potential for expansion or renovation?
The lot is under 3,150 square feet, which is smaller than many in Winnipeg. While local zoning would determine specifics, the lot size may limit possibilities for large additions compared to properties with more land.
4. How old is the home, and what does that mean?
Built in 1974, it is 52 years old. On its street, it is actually newer than most, ranking in the top 7%. This suggests the immediate block consists of similarly aged homes, which can be positive for understanding common maintenance timelines.
5. How can I find out exactly what it last sold for?
The public data shows a sale in 2019 in the $250,000-$300,000 range. For the exact sale price, you can request it via email from the listing source, which provides this detail manually.