Property Overview: 440 Meadowood Drive, Winnipeg
Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1974, presents a compelling profile within its immediate Meadowood neighbourhood. Its primary appeal lies in offering above-average space and a larger-than-typical lot for the street. With a living area ranking in the top 1% on Meadowood Drive, it provides more interior room than most direct neighbours. The 4,498 sqft lot also sits well above the street average, offering generous outdoor space for a home of this vintage.
The home suits practical buyers looking for a solid value proposition in a mature neighbourhood. It’s ideal for first-time homeowners or downsizers who prioritize more living and yard space over a brand-new build. The data suggests a property that stands out on its own block but is priced accessibly within the wider city context, as indicated by its recent sold price range and assessed value. A thoughtful perspective is that this home represents a "larger fish in a smaller pond" on its street, potentially offering a better sense of space and privacy compared to tighter lots in newer subdivisions, albeit in an older home that may require updates.
Frequently Asked Questions
1. How does this home really compare to others in the area?
Within the immediate Meadowood Drive area, this home is notably larger in both living space and lot size than most comparable properties. When compared to the broader Meadowood neighbourhood and the city overall, it becomes more average in size, suggesting it offers strong local value.
2. What does the assessed value tell me?
The assessed value of $30,600 is above average for Meadowood Drive but below the average for the wider Meadowood area. This can sometimes indicate a valuation that reflects the home’s older age and potential for modernization, rather than its underlying desirability or lot appeal.
3. The home was built in 1974. What should I consider?
As a home from the mid-1970s, prospective buyers should budget for potential updates to major systems like roofing, windows, plumbing, or electrical. A thorough inspection is essential. On a positive note, it ranks as newer than most on its street.
4. What is the likely price range based on recent sales?
Based on public data, a home on this street sold for between $300,000 and $350,000 in 2023. The exact sold price can be requested directly from the listing service.
5. Are the neighbouring properties similar?
Yes, the nearby homes on Meadowood Drive are very similar in year built and style, creating a consistent streetscape. The listing also notes comparable nearby properties, such as 457 Meadowood Drive, which can serve as useful benchmarks for condition and value.