Property Overview
This home at 405 Wales Avenue in Meadowood presents a compelling mix of established neighbourhood character and standout lot size. Built in 1974, its 1,077 sqft living space is typical for the area, offering a practical layout for everyday life. The true distinguishing feature is the land: at over 8,000 sqft, the lot is exceptionally large for the street, ranking in the top 2% locally. This provides rare potential for gardening, expansion, or simply enjoying generous private outdoor space. The assessed value is notably above average for the immediate area, suggesting the property is well-regarded in official valuations.
Its appeal lies in this land-to-house ratio, offering a suburban sense of space within the city. It suits buyers looking for a solid, no-fuss home where the value is firmly in the ground itself—ideal for those with long-term plans who may prioritize yard space over a recently built structure. It’s a property for someone who sees a larger lot as a foundation for future enjoyment or investment, rather than just the current footprint of the house.
Frequently Asked Questions
How does the lot size compare to typical properties?
The lot is a key feature. At 8,057 sqft, it is significantly larger than most on the street (ranking 3rd largest out of 139) and in the wider Meadowood area, placing it in the top 8%. This is a primary asset of the property.
Is the home’s assessed value higher than others nearby?
Yes. With an assessed value of $42,200, it ranks above average for Wales Avenue (top 9%) and the Meadowood neighbourhood (top 15%). This often reflects a combination of the lot size, condition, and improvements relative to nearby homes.
When was it last sold and for what price?
Public records indicate a sale between 2019–2020, with a price range of CA$350k–400k. For the exact sale price, you can request the information directly via the listing page.
What is the home’s living space like compared to the area?
At 1,077 sqft, the living area is very close to the average for similar homes on Wales Avenue (~1,089 sqft) and in Meadowood (~1,114 sqft). It offers a standard amount of interior space for the community.
Are there similar properties nearby to compare it to?
The listing notes nearby homes on the same street for location comparison, and also lists properties in other neighbourhoods with identical assessed values for financial comparison. A detailed neighbourhood analysis map is available for deeper insight into local trends.