Property Overview: 61 Meadow Gate Drive, Winnipeg
Key Characteristics & Appeal
This home at 61 Meadow Gate Drive is a compact, efficiently sized property built in 1982. Its primary appeal lies in its affordability and low ongoing tax burden, as evidenced by its well-below-average assessed value compared to both the immediate neighbourhood and the wider city. With 690 square feet of living space and a 3,500 square foot lot, it is notably smaller than most comparable homes in the area, positioning it as a practical, no-fuss option.
The property would best suit first-time buyers or investors seeking an accessible entry point into the Winnipeg market with minimal property tax overhead. Its smaller scale also appeals to those looking to downsize or maintain a low-maintenance lifestyle without leaving the established Meadows neighbourhood. A less obvious perspective is that, while the home is among the smallest on its street, it is also one of the newest constructions in its immediate vicinity, potentially suggesting more modern building materials or systems than some neighbours. The data indicates a sale between $300k-$350k in 2021, which, relative to its current assessed value, may present an interesting value discussion for a savvy buyer.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is primarily for municipal tax purposes and is influenced by factors like home size, age, and features. This home’s significantly smaller square footage and lot size compared to the city average are the main drivers of its lower assessment, which results in lower annual property taxes.
2. Is the smaller living area a major drawback?
It depends on your needs. The living area is compact, which limits space for larger families or extensive belongings. However, it offers efficient, manageable space for individuals, couples, or as a rental investment, aligning with a minimalist or cost-conscious lifestyle.
3. How does the 1982 build year compare to nearby homes?
The 1982 construction makes this home newer than most on Meadow Gate Drive, where the average build year is 1979. This could be an advantage, but it’s still a 40+ year-old home, so a thorough inspection of its roof, windows, and major systems is recommended.
4. What does the sold price history tell me?
The home sold for an estimated $300,000-$350,000 in 2021. This historical price provides a benchmark, but the current market value will depend on present conditions, updates made since then, and buyer demand.
5. How can I find out the exact past sold price?
The exact sale price is not public record in Manitoba. As noted on the listing, you can request this information directly from the provided service by email, which manually retrieves the precise data from proprietary sources.