Property Overview: 111 Meadow Lake Drive
Key Characteristics & Appeal
This home at 111 Meadow Lake Drive in the Meadows neighborhood is a study in solid, middle-of-the-road value. Built in 1984, it is actually newer than many homes on its own street and across Winnipeg, which may suggest fewer immediate concerns with aging infrastructure compared to older peers. With 1,054 sqft of living space and a 5,299 sqft lot, its size is consistently average for its immediate area, offering a comfortable footprint without standing out.
The appeal here is grounded in predictability and stability. Its assessed value is modest and ranks around the middle locally, which can indicate a potentially manageable property tax burden. A key, less obvious point is its sale history; it last sold between 2017 for an estimated $250k-$300k, a price that performed very well compared to area and city averages at the time. This suggests a history of holding value in its market segment.
This property would suit a first-time buyer or a downsizer looking for an established, no-surprises home in a mature neighborhood. It’s for someone prioritizing a sensible, proportional investment over standout luxury or size, and who appreciates a home that is newer than many in the broader cityscape.
Frequently Asked Questions
1. Is this house significantly smaller than others in the area?
No, its living area is quite typical for Meadow Lake Drive and the Meadows neighborhood, ranking squarely in the middle of local comparisons.
2. What does the assessed value tell me about the property taxes?
The assessed value of $36,300 is around the average for the street and below the average for the Meadows area. This generally points to a property tax bill that should be in line with or slightly below the local norm for similar homes.
3. The home was built in 1984. Should I be concerned about major updates?
While the home is 42 years old, it is newer than the median home on its street and in the city overall. This is a relative positive, but a thorough inspection is still essential to determine the condition of key systems like roofing, windows, and mechanicals common to that era.
4. How has this property held its value?
Based on its last known sale price range in 2017, this home performed very well against local and city-wide averages at that time, indicating a strong history of value retention in its category.
5. The lot size seems average. What does that mean for outdoor space?
The lot is just under a quarter-acre and is very typical for the street and neighborhood. It provides standard suburban outdoor space for gardening, recreation, or additions like a deck or shed, but is not an exceptionally large parcel.