Property Overview: 37 Sanford Fleming Road, Winnipeg
Key Characteristics & Appeal
This 820 sqft bungalow, built in 1983, presents a unique value profile in Winnipeg's Meadows neighbourhood. Its key appeal lies in its standout position on its own street. While the home's living space and lot size (2,999 sqft) are modest compared to broader area averages, it holds an "Elite" ranking for its newer year of build on Sanford Fleming Road and an "above average" assessed value ranking there. This suggests a well-maintained home that outperforms its immediate peers in terms of perceived value and modern construction.
The property suits practical, value-conscious buyers. It's ideal for a first-time homeowner seeking an entry point into the market with a manageable-sized home, or an investor looking for a solid rental property with a strong assessment relative to its direct neighbours. The data indicates you may be paying more for the condition and valuation of this specific house rather than for square footage or a large yard, appealing to those who prioritize move-in readiness and stability over space.
Frequently Asked Questions
1. Is the assessed value of $31,600 a good sign?
Yes, particularly in its immediate context. It ranks in the top 6% on its street, meaning its official valuation is high compared to its neighbours. This often reflects better upkeep or improvements. However, it's below the average for the wider Meadows area, indicating the home may offer good value within a more affordable sub-market.
2. The house seems small. Is that a concern?
At 820 sqft, it is compact. This is efficient for individuals, couples, or small families, leading to lower utility and maintenance costs. The trade-off for the smaller interior is a correspondingly smaller yard, which requires less upkeep.
3. How does the 1983 build year affect the home?
A 1983 build is relatively newer for Winnipeg housing stock. This typically means modern construction standards, potentially fewer major system updates (like roofing or windows) in the immediate future, and possibly better energy efficiency than much older homes in the city.
4. What do the past sold prices tell us?
The home has sold three times since 2017, each time in the $200k-$300k range, with its ranking improving in its last sale (2020). This shows steady market activity and suggests a property that holds its appeal as a reliable, entry-level option.
5. Why is the city-wide assessed value average so much higher ($390k)?
The city-wide average includes all home types, sizes, and neighbourhoods. This property's assessment is aligned with its specific market segment: compact, older bungalows on standard lots. Comparing it to its direct neighbours and similar homes in Meadows provides a more accurate picture of its value than the city-wide figure.