Property Overview: 176 Sterling Avenue, Meadowood
This 1986 bi-level home sits on a generous 5,447 sqft lot in Winnipeg's Meadowood neighbourhood. Its key appeal lies in the combination of a renovated basement, a detached garage, and a lot size that ranks in the top 2% on its street. With 876 sqft of living space, the home is notably larger than many others on the block. The property presents a practical opportunity, particularly suited to first-time buyers, small families, or investors looking for a home with established infrastructure and outdoor space in a mature community. Its last sale in 2019 at $300k significantly outpaces its current assessed value, suggesting a history of market appeal.
Frequently Asked Questions
1. How does the lot size compare to the area?
The lot is a standout feature at 5,447 sqft, placing it in the top 2% for size on Sterling Avenue. This is significantly larger than many neighbouring properties, offering more private outdoor space.
2. What should I know about the home's living space?
The 876 sqft of living area is above average for the immediate street (top 9%), but more typical for the broader neighbourhood. The bi-level layout and renovated basement effectively expand the usable space beyond the main square footage.
3. Is the assessed value a reliable guide for the sale price?
Likely not in this case. The current assessed value is $38.9k, but the home last sold for $300k in 2019. This large gap is common and reflects that assessed value for taxation purposes rarely equals market value. The 2019 sale price is a more relevant benchmark.
4. What does the "renovated basement" imply?
While specific finishes aren't detailed, a renovated basement typically means it is finished as livable space (e.g., rec room, bedroom, or suite). It adds functional square footage and is a key modern upgrade for a home of this era.
5. How does the age of the home compare to others nearby?
Built in 1986, this home is newer than most in the area. It ranks newer than 78% of homes on its street and 86% in Meadowood, meaning major components like the roof, windows, or furnace may be relatively younger than those in neighbouring 1970s-built homes.