Property Overview
This home at 114 Spring Meadow Crescent in Winnipeg's Meadows neighbourhood presents a practical opportunity. Built in 1985, it is notably one of the newer homes on its street. With 1,136 sqft of living space, it is more compact than most direct neighbours but aligns closely with the average home size across the wider city. The lot size of 5,698 sqft is generous for the Meadows area, offering above-average outdoor space for the community. Its assessed value is consistent with area norms.
The appeal here is one of balance and efficiency. It suits first-time buyers or downsizers looking for a manageable footprint without sacrificing yard space in an established neighbourhood. Its "newer" vintage for the street could mean fewer major age-related concerns compared to neighbours. The property doesn't stand out for sheer size or luxury, but for offering a well-proportioned, no-surprises package in a mature setting.
Frequently Asked Questions
1. How does the home's size compare to others?
While its living area is below the average for Spring Meadow Crescent itself, it is very close to the average size for both the broader Meadows neighbourhood and the city of Winnipeg as a whole. It's a moderately sized, efficient layout.
2. What does the "Elite" ranking for Year Built mean?
This indicates the home, built in 1985, is among the very newest on its specific street (ranked 1 out of 42). In the context of an older, established area, this can be a positive, suggesting potentially updated infrastructure compared to older homes nearby.
3. Is the lot size a pro or a con?
It depends on your priority. The lot is smaller than others on Spring Meadow Crescent but is actually larger than most lots in the wider Meadows area. This means you likely get more private outdoor space than many community homes, but not as much as the immediate neighbours.
4. What can the past sale price tell me?
The home sold between $350k-$400k in 2020. This provides a recent market benchmark, but the current value will be influenced by market conditions, any updates made since then, and the home's assessed value.
5. Why is the city-wide average assessed value so much higher?
The city-wide average (approx. $390k) includes all property types and values across Winnipeg. The more relevant comparisons are the local averages for the street ($45.80k) and Meadows area ($40.90k), which show this home's assessment is very much in line with its immediate market.