Property Overview: 614 St Anne's Road, Meadowood, Winnipeg
Key Characteristics & Appeal
This 826 sqft bungalow, built in 1975, presents a straightforward, low-maintenance home on a 3,118 sqft lot in Meadowood. Its core appeal lies in its accessibility and practicality. The home's assessed value is notably modest compared to area averages, suggesting a potentially lower property tax burden and an accessible entry point into the Winnipeg market. While the living space is compact relative to many peers, it efficiently provides the essentials.
This property would best suit first-time buyers seeking affordability and simplicity, downsizers looking to reduce upkeep, or investors interested in a rental property with fundamentals in place. Its average age for the area means major systems are likely updated, avoiding the surprises of much older homes. A thoughtful perspective is that its smaller scale and lot size translate to less time and money spent on maintenance and utilities, offering a lifestyle of efficiency rather than extravagance.
Frequently Asked Questions
1. Why is the assessed value so much lower than the area average?
The assessed value is a municipal valuation for tax purposes and is often lower than market value. This specific assessment suggests the home may be valued more for its land and location than for its structure or size, which can indicate a property with renovation potential or simply a more affordable tax base.
2. How does the sold price history from 2019 relate to today’s value?
The 2019 sale price (estimated between $200k-$250k) provides a historical benchmark. Current market value will be influenced by changes in the local market, interest rates, and any updates made to the property since that time. It's a starting point for understanding the home's trajectory.
3. Is the smaller living area a significant drawback?
It depends on your needs. The living area is functional for one or two people. The trade-off for less interior space is often easier maintenance and lower heating costs. It encourages a more minimalist lifestyle or could be a strategic purchase for someone planning a future expansion, subject to local regulations.
4. What does the "below average" ranking for lot size mean practically?
With a lot size ranking in the bottom 25% locally, the yard is compact. This means less outdoor maintenance and gardening work, which is a plus for those not wanting extensive yard care. It typically allows for closer proximity to neighbours.
5. How can I get the exact historical sold price?
The exact sold price is not publicly displayed due to privacy regulations. You can request it directly via the email form provided on the listing page. The service manually retrieves and provides this data without using your email for marketing.