Property Overview: 24 Meadowlark Place
Key Characteristics & Appeal
This two-storey home in Winnipeg's Booth neighbourhood presents a compelling blend of space, established character, and solid value. Built in 1967, it sits on a generous 6,599 sqft lot, offering more outdoor space than most on its street. The 1,964 sqft living area is notably spacious, ranking within the top 10% for size across Winnipeg. Key features include an attached garage and a renovated basement, adding functional living space.
The appeal lies in its proven stability and room to grow. The home is not the newest on the block, but its recent sale history shows consistent value appreciation. It suits buyers looking for a established home in a mature neighbourhood without sacrificing interior space. It’s particularly well-matched for those who prioritize a larger lot and finished basement over a brand-new build, and who see the value in a property that has already demonstrated steady financial growth over time. A thoughtful perspective is that this home offers the "bones" of a very spacious property in a settled area, ideal for someone who appreciates the established streetscape and might see potential in further personalizing the interior over time.
Frequently Asked Questions
1. How does the age of the home affect its value?
While built in 1967, the home's assessed value is in the top 5% on its street, indicating that its condition, renovations, and lot size are seen as compensating factors. The renovated basement is a key update.
2. Is the lot size a significant advantage?
Yes. At 6,599 sqft, the land area is larger than 65% of lots on the street, offering more privacy and outdoor space than many neighbouring properties—a premium in mature neighbourhoods.
3. What does the sale history tell us?
The home has sold twice in recent years (2017 and 2020), each time at a price significantly above the previous sale, demonstrating a strong and consistent pattern of appreciation in a stable market.
4. How does this home compare to others in Winnipeg for space?
Very favourably. Its living area is in the top 10% of all Winnipeg homes, meaning it offers more interior square footage than the vast majority of properties in the city.
5. Are property taxes likely to be high given the assessed value?
The assessed value is high for its immediate street but moderate for Winnipeg overall (top 22%). Taxes would be higher than on the street's smaller, lower-valued homes, but are not in the top tier city-wide.