Property Overview: 46 Gascon Road, Meadowood, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 46 Gascon Road is a practical, no-frills property that represents an accessible entry point into Winnipeg’s housing market. Built in 1976, it is notably the newest home on its street, which may suggest updated core systems compared to immediate neighbors. With 846 square feet of living space, it is compact and sits on a roughly 5,000 sqft lot, both figures being modest but in line with local area averages.
Its primary appeal lies in its value proposition. The assessed value is positioned around the city-wide average, but the home last sold in the $300k-$350k range (2019), indicating it may offer a relatively lower cost of entry for the Meadowood neighborhood. This combination of a newer build year for the street and a manageable lot size presents a low-maintenance opportunity.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, budget-conscious purchase. It’s for someone prioritizing location and function over size, who sees potential in a smaller footprint and values a home that is newer than others on the block. The modest scale makes it manageable for a single person, a couple, or as a rental property.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 846 sqft, the home is smaller than most in the city and on its street. It will require efficient use of space and is best for those comfortable with a cozy layout. The trade-off is often a more affordable price and lower utility costs.
2. What does it mean that it's the "newest" on the street?
Built in 1976, it ranks in the top 5% for year built on Gascon Road. Practically, this could mean less immediate concern for major age-related replacements (like roofing or plumbing) compared to older neighboring homes, though a full inspection is still essential.
3. How does the assessed value relate to the likely selling price?
The current assessed value is approximately $371,000. The last known sold price (2019) was between $300,000 and $350,000. Market conditions determine the final price, but this history suggests the home may sell below its assessed value, which can be an attractive starting point for buyers.
4. What are the advantages of a smaller lot?
The 4,997 sqft lot is very close to the street average. A smaller lot typically means less yard work and lower exterior maintenance costs, which can be a significant benefit for those seeking a simpler lifestyle or who are not gardening enthusiasts.
5. Where can I see more detailed comparisons with nearby homes?
The listing suggests using a "neighbourhood analysis page" or map tool to compare this property directly with neighbors on factors like year built, lot size, and assessed value. This can provide clearer context than city-wide averages.