Property Overview & Appeal
This home at 23 Conlin Street in Winnipeg's Meadows neighbourhood presents a specific and practical value proposition. Its key characteristic is its compact size, with a living area of 680 sqft that is notably smaller than most homes in the wider area. Built in 1983, it is one of the newer homes on its street. The assessed value is modest and in line with others on Conlin Street, though it sits below the average for the Meadows area.
The appeal lies in its efficiency and affordability. It suits first-time buyers seeking an entry point into the market, investors looking for a rental property with lower carrying costs, or downsizers who prioritize minimal upkeep over space. A thoughtful perspective is that while the lot size is smaller than average, it offers enough outdoor space for manageable maintenance, which can be a hidden benefit for those seeking a low-maintenance lifestyle without being in a condo.
Frequently Asked Questions
1. How does the smaller living area impact value?
While the home is compact, its assessed value is competitive on its own street. The lower square footage is a primary factor in its affordability, making it a cost-effective option in the broader market.
2. Is the property in good condition for its age?
The home was built in 1983, making it one of the newer houses on Conlin Street. A professional inspection is always recommended to determine the specific condition of major systems like roof, wiring, and plumbing.
3. What are the property taxes likely to be?
Property taxes are based on the assessed value, which is currently $32,600. You can use the City of Winnipeg's tax calculator with this figure for a reliable estimate.
4. How does the sold price from 2023 relate to the current assessed value?
The home sold for an estimated $350k–$400k in 2023. The current assessed value for taxation purposes is significantly lower, which is not uncommon as market value and assessed value are calculated differently and can vary.
5. What is the neighbourhood like for a small home?
The Meadows area features a mix of home sizes. While this home is smaller than many in the neighbourhood, its lot size is also manageable, potentially fostering a sense of community without the burden of a large yard.