Property Overview: 42 Gosford Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 42 Gosford Avenue in Meadowood is a practical, no-frills property that represents an accessible entry point into the Winnipeg market. Built in 1972, its 916 sqft living area is modest, ranking below average for both the street and the wider neighbourhood, suggesting a cozy, manageable layout. The lot size of 5,199 sqft is typical for the area, offering standard outdoor space.
Its primary appeal lies in its value positioning. With a recently sold price in the $350k-$400k range and a low assessed value, it presents as a more affordable option compared to many city-wide averages. This is a home for buyers who prioritize function and fundamentals over size or modern finishes. It would suit first-time homebuyers, downsizers looking to rightsize, or investors seeking a straightforward rental property. A thoughtful perspective is that its "below average" size and assessed value on its own street could indicate less property tax pressure relative to immediate neighbours, while still providing the stability of a mature, established area like Meadowood.
Section 2: Frequently Asked Questions
1. Is the home significantly smaller than others nearby?
Yes. The living area is 916 sqft, which is below the average for Gosford Avenue (986 sqft) and the Meadowood neighbourhood (1,114 sqft). This confirms it as a more compact home on the street.
2. What does the sold price history indicate about the property's market trend?
The home sold previously in 2019 for an estimated $250k-$300k and again in 2025 for $350k-$400k. This suggests a notable increase in market value over that six-year period, aligning with broader market trends.
3. How does the assessed value relate to the recent sale price?
The assessed value is significantly lower ($36,300) than the recent sale price. This is common, as municipal assessments for tax purposes often lag behind and use a different valuation method than the current market.
4. Is the lot size a pro or a con?
The lot is average for the immediate area. At just over 5,000 sqft, it provides standard suburban yard space—neither a standout feature nor a drawback, but perfectly typical for Meadowood.
5. What are the likely maintenance considerations given its age?
Built in 1972, the home is over 50 years old. Prospective buyers should budget for and investigate the condition of major aging components, such as the roof, windows, plumbing, and electrical systems, which may be due for updates or repairs.