Property Overview
31 Edna Perry Way is a well-situated home in Winnipeg's Meadows neighbourhood, built in 2009. Its appeal lies in its strong positional value, offering a balanced package that stands out in its immediate area and the wider city. With 1,565 sqft of living space on a 5,204 sqft lot, it provides comfortable suburban living. The home is particularly notable for its assessed value of $530,000, which ranks in the top 10% of the Meadows area, suggesting it is a premium property within a desirable community.
Key Characteristics & Ideal Buyer
This home represents a solid, modern investment in a stable neighbourhood. Its construction date places it among the newer homes on its street and in the city, potentially meaning fewer immediate major repairs. While the living space is slightly below the average for its immediate street, it is notably above the average for both the Meadows area and Winnipeg overall, indicating you get more home here than in many other parts of the city.
The appeal is in its strong middle-ground positioning. It’s not the largest or most expensive home on the block, but it holds a high-value rank in its community. This suggests a neighbourhood where property values are well-maintained. It would suit a buyer looking for a move-in ready, modern home in an established area, who values space and lot size but may not need a maximized floor plan. It’s ideal for professionals, growing families, or downsizers seeking a single-level home (likely a bungalow or similar style, given the living area and lot size ratio) with room to breathe and a strong investment profile.
Frequently Asked Questions
1. How does this home’s value compare to its last sale price?
The home sold in 2016 for an estimated $400k–$450k. Its current assessed value of $530k indicates significant appreciation, reflecting both market trends and the desirability of the Meadows area.
2. Is the lot size typical for the area?
At 5,204 sqft, the lot is slightly larger than the average on Edna Perry Way itself. Within the broader Meadows neighbourhood, it is almost exactly average, offering a standard suburban yard space.
3. What does the "top 10% in assessed value for Meadows" actually mean?
This ranking indicates that this home’s official assessed value is higher than 90% of the nearly 2,000 properties in the Meadows area. It signals a premium property within that community, which can be attractive for resale value and neighbourhood prestige.
4. The living area is noted as "around average" for the street. Is that a concern?
Not necessarily. It means the home fits the scale of its immediate surroundings. The more insightful perspective is that this home’s living area is above average for the larger area and city, so you are getting a relatively spacious home for Winnipeg overall.
5. What are the potential implications of the home being built in 2009?
A 2009 build is modern by Winnipeg standards, placing it in the top 12% citywide for age. This typically means newer construction materials, modern wiring for internet, and updated building codes. It’s likely past any initial "shrink-settle" period but may be approaching the age where certain components (like appliances, roof, HVAC) could require attention or updating soon.