Property Overview: 43 Sanford Fleming Road, Winnipeg
Key Characteristics & Appeal
This home at 43 Sanford Fleming Road in the Meadows neighbourhood is defined by its compact efficiency and notable affordability within the Winnipeg market. Its key characteristic is a modest 688 square feet of living space, which places it among the smallest homes not just on its street, but across the entire city. The lot size of 2,999 sqft is also smaller than most in the area. However, this translates directly to its primary appeal: a very low assessed value of $28,500, which is significantly below city-wide averages. The home was built in 1983, making it one of the newest on its specific street.
The property suits specific buyer profiles. It is an ideal entry point for first-time homebuyers seeking the lowest possible barrier to homeownership. It would also appeal to downsizers looking to minimize space, maintenance, and property taxes, or investors searching for a rental property with a low upfront cost basis. A less obvious perspective is that its small footprint and newer construction (for the street) could represent a manageable renovation project, where the savings on the purchase price could be allocated toward modernizing the interior.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No, the assessed value is for municipal tax purposes. The recent sold price history (between $250k-$300k in 2022) is a stronger indicator of current market value, which is significantly higher than the assessment.
2. How does the small living area compare to nearby homes?
This home's living area is notably smaller. It ranks in the bottom 3% on its street (35th out of 36 homes) and is about 250 sqft smaller than the immediate street average.
3. What are the potential downsides of such a small lot?
The smaller lot (under 3,000 sqft) means limited private outdoor space and less potential for expansions or additions compared to neighbouring properties. Parking and storage may also be more constrained.
4. The home is newer than others on the street. What does that imply?
Being built in 1983, it is the newest home on Sanford Fleming Road. This can suggest potentially newer core components (like wiring, plumbing, or insulation) than older neighbouring houses, which might mean fewer immediate major repairs.
5. How can I find out the exact historical sold prices?
The exact sold prices are not publicly displayed in detail. The listing service provides a range, but you must request the precise figures via email, which they provide manually without using your email for marketing.