Property Overview
This home at 50 John Bruce Road in Winnipeg's Meadowood neighbourhood presents a compelling mix of space, value, and location. Built in 1974, it sits on a generous 7,793 sqft lot, which is notably larger than most lots both in the immediate area and across the city. The 1,680 sqft living area is comfortably above the city-wide average, offering ample room for a family.
The appeal here is grounded in value and potential. The home's assessed value is modest compared to others on its street, yet it ranks highly within the broader Meadowood area and city, suggesting a solid investment in a desirable location. Its last known sale was between $450k-$500k in 2021. This profile suits practical buyers looking for a home with a large yard in a well-established neighbourhood. It's ideal for those who see value in a property where the land size and neighbourhood standing outweigh having the newest home on the block, and for owners comfortable with a home that may benefit from updates over time.
Frequently Asked Questions
What does the assessed value ranking mean?
The assessed value is below average for John Bruce Road itself but places in the top 7% within Meadowood and the top 26% city-wide. This indicates the property is considered a higher-value home in the broader context, despite being on a street with some even higher-valued properties.
How does the lot size compare?
The lot is a key feature. At 7,793 sqft, it ranks in the top 21% on its street, the top 9% in Meadowood, and the top 12% across Winnipeg, offering significantly more outdoor space than typical.
Is the home older than others nearby?
Yes. Built in 1974, it is older than most on its specific street but is around the average age for the Meadowood neighbourhood and the city overall. Buyers should factor in the maintenance and updating typical for a home of this vintage.
What can the 2021 sale price range tell me?
The prior sale price of $450k-$500k provides a recent market benchmark. When compared to the current assessed value, it can help gauge market trends and the property's potential appreciation, though an exact price requires a direct request.
How accurate are these comparisons?
The rankings are based on available public data for specific metrics like living area and assessed value. They provide a useful snapshot of how this property measures against local and city-wide averages, but a personal viewing and professional inspection are essential for a complete understanding.