Property Overview
This home at 54 Sterling Avenue in Winnipeg's Meadowood neighbourhood stands out for its substantial size and modern construction on a large lot. Built in 2016, its 3,321 sqft of living space is exceptionally large, ranking in the top 1-2% compared to both the immediate area and the entire city. The lot size of over 12,000 sqft is also a major asset, placing it in the top 4% of Meadowood, offering significant outdoor space that is rare for newer builds. Its assessed value is notably high for its street and neighbourhood, reflecting these premium characteristics.
The appeal lies in acquiring a relatively modern, low-maintenance home without sacrificing space, offering the roominess of an older estate but with contemporary building standards and efficiency. It suits buyers looking for a true "move-in-ready" family home with ample room to grow, entertain, or simply enjoy privacy. It would particularly resonate with those who value a large yard in a suburban setting but want to avoid the potential upkeep or renovation projects of an older, similarly sized property. A less obvious perspective is its potential for energy efficiency and lower immediate repair costs due to its age, which can be a significant long-term value in a home of this scale.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sold price?
Property assessments in Manitoba for tax purposes are often significantly lower than market value. The assessed value is not an indicator of current market price but is used to calculate property taxes relative to other homes.
2. What does the "Elite" ranking mean for lot size in Meadowood?
It means this property's lot is in the top 4% of the neighbourhood by size. While the lot is average for Sterling Avenue, it is much larger than the typical lot in Meadowood, offering more privacy and outdoor space than most nearby homes.
3. Is a 2016-built home considered "new" in this context?
Yes. The data shows the average home in this area was built in the 1970s. A 2016 build is in the top 3-4% for year built locally, meaning it is one of the newest homes available and likely has modern building codes, materials, and systems.
4. How should I interpret the sold price range from 2021?
The range (CA$700k–750k) is an estimate based on public data. To get the exact historical sale price, you must request it directly from the source providing this data, as they manually verify official records.
5. The living area is large, but how does the layout function for daily life?
While the total square footage is specified, viewing the property or its floor plan is essential. The efficient use of space in a newer build can be different from an older home with the same footage, often featuring more open-concept living areas and modern room proportions.