Property Overview
This 900 sqft bungalow at 66 Sanford Fleming Road in the Meadows neighbourhood is a practical, no-frills home built in 1981. Its key appeal lies in its affordability and manageable scale, positioned well below average for both assessed value and property taxes within its broader area. The home sits on a 3,004 sqft lot, which is compact relative to many city properties but fairly typical for its immediate street. Recent sales data indicates strong value retention, with the home selling in the $200k-$250k range in 2022.
This property would suit first-time buyers or investors seeking an entry point into the Winnipeg market with lower ongoing tax obligations. Its smaller size and lot also make it a potential fit for downsizers or those looking for a low-maintenance living option. A thoughtful perspective is that while the home is modest in comparison to city and area averages, its metrics are much more aligned with—and in some cases better than—its direct neighbours, suggesting it represents the standard for its specific, established street.
Frequently Asked Questions
What does the "Top X%" ranking mean for each feature?
It shows how this property compares to a group of "comparable homes." For example, its Living Area is in the Top 53% on its street (rank 19 out of 36), meaning it's slightly above the mid-point in size compared to its immediate neighbours.
Why is the Assessed Value so much lower than the city-wide average?
The assessed value of $28,200 is for municipal tax purposes and is not the market value. The data shows this assessment is significantly lower than averages in the Meadows area and city-wide, which typically translates to lower annual property taxes for the owner.
How does the 2022 sale price relate to today's likely market value?
The home sold for an estimated $200,000-$250,000 in 2022. This provides a recent benchmark, but current market value would depend on market conditions, updates made since then, and a professional appraisal.
Is the smaller lot size a major disadvantage?
At just over 3,000 sqft, the lot is smaller than many in Winnipeg. However, on Sanford Fleming Road, it's only slightly below the street average. This can mean less yard maintenance, which some buyers may prefer, but offers limited space for expansions or large outdoor amenities.
The home is noted as being "newer" than others on the street. What does this imply?
Built in 1981, it ranks in the Top 22% for year built on its street, meaning it is one of the newer homes in that grouping. This can suggest potentially fewer immediate concerns with aging components like roofing or foundation compared to older neighbours, though a full inspection is always recommended.