Property Overview: 457 Wales Avenue, Winnipeg
Key Characteristics & Appeal
This home at 457 Wales Avenue in Meadowood stands out primarily for its modern build and efficient use of space. Built in 2021, it is a notably newer construction compared to most homes on its street, in the Meadowood area, and across Winnipeg. With 1,410 square feet of living area, it offers more interior space than the majority of comparable homes in its immediate vicinity, ranking in the top 3% on its street. The assessed value is consistently above average for both the street and the broader neighbourhood.
The appeal lies in acquiring a modern, low-maintenance property with a spacious interior footprint, without the premium typically attached to a large lot. The data suggests a thoughtful trade-off: a newer, well-sized home on a smaller, more manageable parcel of land (2,600 sqft). This profile would suit first-time buyers or downsizers seeking a contemporary home with less yard upkeep, or investors attracted to a newer asset with potentially lower immediate repair costs. It’s a practical choice for those who prioritize interior space and modern building standards over expansive outdoor areas.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the land area is below average for the area, it translates to less maintenance and lower landscaping costs. It’s a efficient layout, but may not suit those wanting extensive gardens, play space, or future additions.
2. What does the "Elite" ranking for Year Built mean?
It confirms this is one of the newest homes in a broad radius. You benefit from modern building codes, materials, and systems, which typically mean better energy efficiency and fewer major repairs in the near term compared to the area's older housing stock.
3. The assessed value seems low compared to the city-wide average. Why?
The city-wide average assessed value includes all property types and neighbourhoods. The more relevant comparisons are the "Same street" and "Same area" metrics, where this home's assessment is above average, indicating it is valued higher than most direct comparables in Meadowood.
4. Is the sold price from 2021 relevant today?
It provides a historical benchmark from when the home was new, but market conditions have likely changed. It's most useful to see how the assessed value has moved since that initial sale, and to compare with more recent sales of similar homes.
5. What are the potential trade-offs of a 2021 build in an older neighbourhood?
While you get a modern home, the architectural style and lot size may differ from surrounding properties. It’s wise to consider how the home fits the neighbourhood's character and whether future buyers will share your preference for this modern-on-smaller-lot model.