Property Overview: 4 John Bruce Road, Meadowood, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 4 John Bruce Road is defined by its generous interior space within a well-established, modern context. Built in 2004, it offers over 2,400 square feet of living area, which ranks it within the top tier for size both in the Meadowood area and across Winnipeg. Its assessed value is notably strong for the neighbourhood, placing it in the elite top 1% locally. The lot size is consistent with area norms.
The primary appeal lies in acquiring a spacious, relatively contemporary home without the premium often attached to brand-new construction. It suits buyers who prioritize move-in-ready space and modern building standards over owning the newest or largest lot on the street. It’s an ideal fit for growing families seeking room to spread out, or for professionals wanting a substantial home in a mature setting. A thoughtful perspective is that this property represents a balanced, low-drama investment in the neighbourhood—it’s not the outlier on its street in terms of value or size, which can mean more stable, predictable value alongside its clear above-average comforts.
Section 2: Frequently Asked Questions
1. How does the home’s value compare to its last sale price?
The home sold in 2022 for an estimated $550,000-$600,000. Its current assessed value for tax purposes is $575,000, suggesting the market value has remained consistent in that range.
2. Is the lot size a disadvantage?
The lot is just under 5,600 sq. ft., which is average for Meadowood and slightly below average for John Bruce Road specifically. This typically means lower maintenance and is a common trade-off for the larger interior square footage found in homes of this era.
3. What does its "elite" ranking for assessed value in Meadowood mean?
It means the home’s assessed value is in the top 1% of all 1,668 properties in the Meadowood area. This indicates it is considered a higher-value property within the neighbourhood, which can be positive for equity but also suggests a corresponding property tax burden.
4. How modern are the home’s systems given its 2004 build?
At 22 years old, major components like the roof, HVAC, and windows are likely entering or are in their middle-age phase. Prospective buyers should budget for potential updates sooner than with a new build, but later than with a much older home.
5. Where can I see more detailed comparisons with nearby homes?
You can use the provided link to open a neighbourhood map analysis, which visually compares this property with immediate neighbours on factors like year built, living area, and lot size. For precise historical sold prices, you can request the exact data via email.