Property Overview & Key Characteristics
This 1972 bungalow at 433 Meadowood Drive presents a compelling case defined by its generous lot and efficient footprint. Its primary appeal lies in the substantial 6,178 sqft property, which ranks in the top 2% for lot size on its street and well above average for the broader Meadowood area. This offers significant outdoor space and potential in a neighbourhood where lots are typically smaller. The home itself, at 988 sqft of living area, is modest and functionally sized, sitting around the average for the immediate vicinity.
The property suits practical buyers who prioritize land over a large existing footprint. It’s an ideal candidate for first-time homeowners, downsizers, or investors seeking a property with a strong land component in a stable neighbourhood. The assessed value is notably strong for the street, suggesting the lot premium is recognized. A thoughtful perspective is that while the home is older than most on its street, it sits on a lot that is a rarity, offering future flexibility for expansion, gardening, or outdoor living that is hard to find in this price segment.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a standout feature. At 6,178 sqft, it is significantly larger than the street average (~3,753 sqft) and the Meadowood area average (~5,554 sqft), placing it in the top tier locally.
2. Is the living space smaller than average?
Within the immediate street and Meadowood area, the 988 sqft living area is around the average. Compared to the wider city, it is below average, indicating a home focused on essential living spaces rather than size.
3. What does the sold price history indicate?
Public records show it last sold in 2024 for an estimated $350k–$400k. This price performed very well on its street (top 5%) and above average in the wider area, reflecting strong market recognition for the property.
4. The home was built in 1972. Is it older than its neighbours?
Yes, it is slightly older than most homes on Meadowood Drive and in the Meadowood area, ranking in the bottom 15-20% for year built locally. This may indicate more original features and potential for updates.
5. How can I get the exact historical sold prices?
The exact sold prices are not publicly displayed. You can request them via email from the listing service, which provides the figures manually without obligation for marketing spam.