Property Overview: 245 Wales Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This home at 245 Wales Avenue is a well-situated property in Winnipeg's Meadowood neighbourhood, presenting a practical and straightforward opportunity. Built in 1976, it is slightly newer than many of its immediate neighbours, which can be a subtle advantage regarding the potential age of major components. With 1,079 sqft of living space and a 5,195 sqft lot, the property offers standard dimensions for the area, providing a manageable scale for maintenance without feeling cramped.
Its primary appeal lies in its solid positional value within its local context. The assessed value ranks above average for Wales Avenue itself, suggesting it is viewed favourably compared to direct peers. This indicates a property that holds its ground in the immediate market. It would suit first-time buyers seeking an entry point into homeownership with a predictable footprint, or practical-minded investors looking for a stable rental property in an established area. The data suggests a home that doesn’t stand out for sheer size or luxury, but rather for being a competent, average-plus offering on its street—a sensible choice for those prioritizing neighbourhood fit and fundamental value over standout features.
Frequently Asked Questions
1. What does the "above average" assessed value ranking on the street actually mean?
It means that, compared to the roughly 139 similar properties on Wales Avenue, this home's municipal assessed value is in the top 30%. This suggests the city views it as a higher-value property on its specific street, which can be a positive indicator of its relative condition, lot appeal, or improvements.
2. The home was built in 1976. What should I consider given its age?
While newer than the street average, a 50-year-old home will have aging core systems. A key focus should be on the condition and replacement history of major components like the roof, windows, plumbing, and electrical, rather than the build year alone.
3. How does the lot size compare, and what are the implications?
At just over 5,000 sqft, the lot is fairly typical for Meadowood. It's larger than many on the same street but slightly smaller than the citywide average. This translates to a decent backyard space for a family, without the extensive upkeep of a much larger lot.
4. The last recorded sale was between 2017-2025 for $300k-$350k. Why can't I see the exact price?
Exact sale prices in Manitoba are not publicly available through standard online databases. The range is estimated from public records and market data. You can request the precise historical sale price via the email service provided on the listing page.
5. Who would this property NOT be well-suited for?
Buyers seeking a move-in-ready modern home with contemporary open-concept layouts may find the 1970s floor plan and standard living area less appealing. It's also likely not the best fit for those looking for a premium lot size or a property that significantly outperforms citywide averages.