Property Overview: 452 Wales Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This 1975-built bungalow in Meadowood presents a practical and straightforward homeownership opportunity. With 980 square feet of living space on a 4,835 sqft lot, it offers a manageable scale for individuals, couples, or small families. The home’s primary appeal lies in its solid positioning within its immediate context. While the living area is modest compared to the city average, its assessed value ranks above average for both its street and neighbourhood, suggesting it is viewed as a good value proposition within the local market.
A thoughtful perspective is that this property represents a "middle-ground" option. It’s not the newest or largest on the block, but it is consistently above average in assessed value for the area, which can indicate a well-regarded location or property condition relative to its peers. The lot size, while below area averages, is still generous enough for private outdoor space without being burdensome to maintain. This home would suit first-time buyers, downsizers, or value-focused investors looking for an entry into a stable neighbourhood without a premium price tag, prioritizing location and lot over square footage.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value of $39,600 ranks in the top 30% for the Meadowood area, meaning it is assessed higher than most comparable homes nearby. This often correlates with a strong perceived value or desirable location within the neighbourhood.
2. Is the living space considered small?
At 980 sqft, the living area is slightly below the average for Meadowood (~1,114 sqft) and more notably below the Winnipeg city average. It is a compact layout, best suited for those comfortable with efficient use of space.
3. What is the significance of the sold price history showing a range?
The listed sale from 2019 (CA$300k–350k) is an estimated range based on public data. To obtain the exact historical sale price, you must request it directly via the provided email service, which manually confirms the figure from official records.
4. The home was built in 1975. What should I consider?
A home of this age will likely have had several updates over its lifetime. A thorough inspection is recommended to evaluate the condition of major systems like roofing, plumbing, and electrical, which may be due for maintenance or modernization.
5. How does the lot size impact potential?
The 4,835 sqft lot is below the neighbourhood average but still offers ample yard space. For a buyer, this can be an advantage: it provides outdoor room for gardening or recreation without the high maintenance of a larger plot, potentially keeping utility and upkeep costs more manageable.