Property Overview: 38 Ashworth Street, Meadowood, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 988 sqft bungalow, built in 1972, presents a practical opportunity in Winnipeg's Meadowood neighbourhood. Its primary appeal lies in a balanced profile: the home itself is modest in size and age compared to many local and city-wide averages, but it sits on a notably generous 5,698 sqft lot that is well above average for its immediate street and area. With an assessed value of $380,000, it aligns closely with typical values on Ashworth Street and across the city.
The property suits buyers seeking value in land potential over a modern or expansive interior. It’s a fit for those comfortable with a home from the 1970s, possibly looking to customize over time, or who prioritize outdoor space for gardening, recreation, or future expansion. The recent sale price range (2025: $350k-$400k) suggests a stable market value. A thoughtful perspective is that while the living space is compact, the above-average lot size offers a tangible asset of privacy and flexibility that newer subdivisions often lack, making it a strategic choice for a long-term holder.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 988 sqft, the living area is slightly below the average for both Ashworth Street and the broader Meadowood area, placing it in a comfortable middle range—not the smallest, but cozier than many contemporary homes.
2. Is the assessed value in line with the recent sale price?
Yes. The 2025 sale price range of $350,000 to $400,000 brackets the current assessed value of $380,000, indicating the assessment reflects recent market activity.
3. What does the lot size mean for a potential buyer?
The lot of 5,698 sqft is a standout feature. It ranks in the top 28% of lots in Meadowood, offering significantly more outdoor space than many neighbouring properties. This allows for greater privacy, landscaping potential, or room for additions like a shed, deck, or garage.
4. The home was built in 1972. What should I consider?
As a home from the 1970s, it is older than most on its street. Buyers should budget for potential updates to major aging components like the roof, windows, or mechanical systems, and consider the style and layout typical of that era.
5. How has the property's value changed over time?
Based on available data, the home sold in the $250,000-$300,000 range in 2016. The 2025 sale range indicates appreciation over the past nine years, consistent with broader market trends in Winnipeg.