Property Overview: 6 Fennbark Place, Meadowood, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,120 sqft bungalow, built in 1975, presents a solid opportunity in Winnipeg's Meadowood neighborhood. Its core appeal lies in a balanced profile that offers both space and value. The nearly one-sixth-acre lot (7,166 sqft) is a significant feature, ranking well above average for both the area and the wider city, providing ample outdoor space that is increasingly rare.
The home’s assessed value is notably lower than others on its immediate street, which could indicate a value proposition for a buyer willing to invest in updates. While the living space is modest and typical for the area, the property’s overall footprint is generous. This combination suggests a home that may appeal to those who prioritize yard space over a large interior or see potential in a property where the land is a primary asset. It would suit a first-time buyer looking for a manageable home with room to grow outdoors, or a value-conscious purchaser comfortable with a home that may require some modernization. Its recent sale in the 2023-2024 period also provides a clear, contemporary market reference point.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value on the street actually mean?
It means this home’s city assessment is lower than most of its direct neighbors. This doesn't necessarily reflect the market sale price, but it can sometimes point to a home that is less updated or offers a lower property tax base relative to nearby houses.
2. How significant is the lot size?
Very. At over 7,000 sqft, the lot is larger than approximately 84% of lots in Winnipeg and 89% of lots in Meadowood. This is a standout feature for gardening, recreation, or future expansion, especially for a home of this size and era.
3. The home sold recently in 2023-2024. Why is that relevant?
A very recent sale provides a reliable, current benchmark for its market value, reducing guesswork compared to properties that haven't traded hands in many years. The sold price range gives a concrete anchor for any new listing price.
4. Is the 1975 build date a concern?
The year built is the newest on its street, which is a positive. However, as a home approaching 50 years old, a thorough inspection of major systems (roof, wiring, plumbing, foundation) is essential, regardless of its relative age on the block.
5. How does the living area compare to typical family homes?
At 1,120 sqft, the living space is slightly below the current city-wide average. This suggests a efficient, likely 2-3 bedroom layout that is comfortable for a smaller household or those who value lower utility costs and maintenance over expansive square footage.