Property Overview & Appeal
11 Meadowlark Place is a well-situated, one-storey home in Winnipeg's Booth neighbourhood, built in 1966. Its key characteristic is a sense of solid, established value. The home sits on a large, 7,195 sqft lot that ranks within the top 30% for size on its street, offering ample outdoor space—a notable asset in a mature area. The living area of 1,643 sqft is comfortably above average for the neighbourhood, placing it in the top 20%. A significant feature is the renovated basement, adding valuable finished space. The home's assessed value is notably higher than most on its street, suggesting above-average improvements or desirability for the location.
The appeal lies in its balance of space, location, and modern updates. It suits buyers looking for a move-in-ready bungalow with a low-maintenance layout, a generous yard, and the stability of an established community. It’s particularly well-matched for downsizers or first-time buyers who prioritize main-floor living and a renovated interior over a brand-new build. A thoughtful perspective is that while the home itself is from the 1960s, its lot size and above-average living space offer a foundation that is increasingly rare, providing both immediate utility and long-term potential in a neighbourhood that appears to be a mix of original and updated homes.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or agent, as it could range from a modern living space to updated essentials like flooring and lighting.
2. How does the assessed value compare to the asking price?
The assessed value is listed at $39,300. It is crucial to understand that municipal assessments are for tax purposes and often differ significantly from current market value. The asking price will reflect today's market conditions.
3. The home is older; what should I consider regarding maintenance?
While the basement is renovated, a home from 1966 will have aging core components. A thorough inspection of the roof, windows, plumbing, electrical systems, and the foundation is highly recommended to understand upcoming maintenance or update costs.
4. The lot is large. Are there any restrictions on its use?
A 7,195 sqft lot offers great potential for gardening, expansion, or adding structures like a shed or deck. It's important to check municipal zoning bylaws for any restrictions on additions, secondary suites, or fence heights to ensure your plans are feasible.
5. How does this home fit within the Booth neighbourhood?
The data shows this home has a larger lot and living area than many in Booth, and a higher assessed value than 90% of homes on its street. This suggests it is one of the more substantial and potentially updated properties in the immediate area, which could be a positive for both livability and future value.