Property Overview: 65 Willowmeade Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 65 Willowmeade Crescent in Meadowood is a practical, no-frills property built in 1974. With 960 sqft of living space, it is notably compact compared to both the immediate street and the city-wide average, positioning it in the smaller third of homes. Its assessed value is modest and below average for its street, yet it sits on a reasonably sized lot of just under 5,500 sqft, which is fairly typical for the area.
The primary appeal lies in its position as an accessible entry point into the Winnipeg market. It represents a lower financial barrier to homeownership, particularly for the Meadowood neighbourhood. The lot size offers potential for outdoor space or future expansion, which is a valuable asset not always found with smaller-footprint homes. This property would best suit first-time buyers, downsizers looking to simplify without leaving the neighbourhood, or investors seeking a straightforward rental property. Its value is functional and grounded, appealing to those who prioritize location and lot over square footage and who see potential in a home that is average in many metrics but priced below its immediate peers.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $36,400 is for municipal tax purposes. The market value—what a buyer would pay—is determined by recent sales, current demand, and the home's condition. The last known sale was between $300k-$350k in 2020.
2. How does the smaller living area impact daily life and resale?
At 960 sqft, the layout will be efficient. It demands thoughtful organization and may not suit those needing multiple dedicated rooms. For resale, it attracts a specific buyer segment (first-time buyers, downsizers) but may appeal to fewer families compared to larger homes on the same street.
3. What does the "below average" ranking for value on the street indicate?
This suggests the home is assessed lower than most of its direct neighbours. This can be due to its smaller size, specific condition, or features. For a buyer, it could indicate a relative value opportunity on the street, but a professional inspection is key to understand why.
4. Are homes from the 1970s a concern?
Built in 1974, this home is of a common vintage for the area. While major systems like roof, windows, and plumbing may be due for updates or replacement, the construction era itself is not a red flag. A thorough inspection is recommended to identify any aging components.
5. Can I find out the exact historical sale price?
The provided data shows price ranges. The listing service notes that exact sold prices can be requested directly from them via email, which they provide manually as a service.