Property Overview & Key Characteristics
This 1,050 sqft bungalow at 127 Meadow Lake Drive, built in 1984, presents a solid, middle-ground opportunity in Winnipeg's Meadows neighbourhood. Its primary appeal lies in its established location and balanced metrics. The home sits on a just-under-5,000 sqft lot, offering standard suburban outdoor space. While the living area is modest compared to broader city averages, it ranks respectably within its immediate street and area, suggesting a comfortable fit for the community's typical footprint.
A thoughtful perspective is found in its assessed value, which ranks above average for Meadow Lake Drive itself. This indicates the property may be viewed favorably relative to its closest neighbours, a potential sign of good upkeep or a premium lot position on the street. As a home from the mid-80s, buyers should anticipate updates common for that era, but its age is newer than many city-wide comparables. This property would suit a first-time buyer or downsizer looking for an honest, no-surprises home in a mature area, or an investor seeking a stable rental property with proven long-term value in a consistent neighbourhood.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 1,050 sqft, the living area is slightly below the average for Meadow Lake Drive (1,137 sqft) but is very typical for the wider Meadows area. It offers a manageable layout without being overly compact.
2. What does the "above average" assessed value ranking on its street mean?
This suggests that, among the 58 homes on Meadow Lake Drive, this property's assessed value is in the top 28%. This could reflect factors like a better-than-average condition, a more desirable placement on the street, or improvements that add value relative to its direct neighbours.
3. Is the lot size a constraint?
The 4,999 sqft lot is very close to the area average. It provides standard suburban yard space for gardening, recreation, or additions like a shed or deck, but isn't oversized. It's a practical, low-maintenance size.
4. What should I consider about a home built in 1984?
Homes from this period may have original components nearing the end of their service life, such as the roof, windows, or major appliances. This presents a clear opportunity to budget for modern updates, which can be done progressively to personalize the space.
5. How can I find out the exact historical sale prices?
The listed sale price ranges are based on public data. To obtain the precise sale price history, you can use the email request form provided on the listing page. The service is manual but straightforward, with a promise of no marketing spam.