Property Overview
This 1,238 sqft bungalow, built in 1987, sits on a generous 6,696 sqft lot in Winnipeg's Meadows neighbourhood. Its key appeal lies in its balance of established community character and above-average outdoor space. While the living area is modest compared to some immediate neighbours, the property's lot size ranks in the top 20% city-wide, offering significant potential for gardening, expansion, or outdoor living. The home last sold between $400k-$450k in 2021, and its current assessed value is notably lower than the city-wide average for comparable homes, which may present different opportunities depending on a buyer's perspective.
This property would suit a first-time buyer or downsizer looking for a manageable single-level layout in a mature area. It’s also a practical fit for someone who values a larger yard over a larger house, or for a buyer with an eye toward future value, where the land itself—a scarce commodity in established areas—could be a long-term asset. The data suggests it's a home that doesn’t stand out for size or assessed value on its street, but offers solid fundamentals and a better-than-average parcel of land for its community.
Frequently Asked Questions
How does the home's size compare to others in the area?
At 1,238 sqft, the living area is somewhat smaller than the average on its own street (~1,382 sqft), but is closer to the average for the broader Meadows neighbourhood and the city overall.
What is the significance of the lot size?
The lot of 6,696 sqft is a standout feature. It ranks in the top 13% of lots in the Meadows area and the top 20% city-wide, meaning you're getting more outdoor space than most comparable properties.
The assessed value seems low compared to the last sale price and city averages. Why?
The assessed value for taxation purposes ($39.70k) is a separate figure from market value. It is below the street average and significantly below the stated city-wide average for comparable homes (~$390k). This discrepancy highlights the importance of using recent sale prices and current market conditions for valuation, not the tax assessment.
What does the "above average" ranking for the year built mean?
Built in 1987, this home is newer than many in Winnipeg. It ranks in the top 25% city-wide for age, meaning it is a more recent build than about 75% of comparable homes across the city, which may suggest updates in building materials and standards.
How can I find out the exact price it sold for in 2021?
The provided sale data shows a range. To obtain the exact sale price, you can request it directly via the email service offered on the listing page, as this information is manually verified from non-public records.