Property Overview: 73 Meadow Gate Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 73 Meadow Gate Drive presents a practical entry point into Winnipeg’s Meadows neighbourhood. Built in 1981, it is a notably newer construction compared to others on its street, which can mean fewer immediate concerns with aging components. The 850 sqft living area is compact, ranking below average for both the area and city, positioning it as a manageable, low-maintenance space ideal for simplifying life rather than expansive living.
Its primary appeal lies in its value proposition and efficiency. The assessed value is consistent with its immediate street, suggesting it’s priced appropriately within its most direct market. The lot size, while below the city average, is fairly standard for the street. This isn’t a standout luxury property, but a grounded, straightforward home. It would suit first-time buyers seeking an affordable foothold, downsizers looking to reduce space and upkeep, or pragmatic investors interested in a stable rental property with a proven transaction history, having sold in 2016 and again in 2021.
A less obvious perspective is its potential as a “value-hold” property. Its metrics are consistently mid-to-lower tier in broader rankings, not flashy, but also not overextended. For the right buyer, this represents a stable baseline in a well-established area, free from the premium often attached to top-ranked, trendier homes.
Section 2: Frequently Asked Questions
1. Is this house particularly small for the area?
Yes. At 850 sqft, the living area is below the average for the Meadows neighbourhood (1,286 sqft) and significantly below the Winnipeg city average. It is designed for efficient living.
2. How does the assessed value compare?
The assessed value of $34,200 is very close to the average for Meadow Gate Drive itself. It is below the average for the wider Meadows area but ranks around the middle compared to the entire city, indicating it’s a modestly valued property in a broader context.
3. What does the sale history indicate?
The home sold between $250k-$300k in 2021 and between $200k-$250k in 2016. This shows active market interest and provides a track record for price comparison, though exact sold prices require a direct request.
4. Is the lot size a limitation?
The 3,998 sqft lot is smaller than the area and city averages. However, it is closer to the average for its own street. It provides a standard outdoor space for a home of this era and type, but is not suited for extensive expansions or large landscaping projects.
5. Are there comparable homes nearby?
Yes. The listing shows several nearby homes on the same street with very similar living areas and year built, such as 58 Sanford Fleming Road and 77 Meadow Gate Drive. This provides a clear picture of the immediate housing stock and helps validate the pricing and characteristics of this property.