Property Overview
25 Richfield Avenue presents a compelling mix of modern convenience and established neighbourhood character. Built in 2010, this Meadowood home is notably newer than most in its immediate area and across Winnipeg, offering the advantages of contemporary construction standards and systems. With 1,054 sqft of living space, it provides a manageable, efficient layout that is common for the city and neighbourhood, though it is the smallest on its specific street. The lot size of 4,409 sqft is slightly more compact than area averages, suggesting lower maintenance.
The home’s primary appeal lies in its standout assessed value relative to its surroundings. It ranks well above average for its street and the broader Meadowood area, indicating a strong valuation foundation. This, combined with its modern age, positions it as a potentially lower-maintenance property with solid intrinsic value in a mature neighbourhood. It would suit first-time buyers seeking a newer home without a premium price tag, or downsizers looking for a modern, single-level living space (assuming bungalow layout) in a convenient location. The data suggests it’s a practical choice for value-focused buyers who prioritize modern infrastructure over sheer square footage or expansive yard space.
Frequently Asked Questions
How does the home’s size compare to others?
At 1,054 sqft, the living area is very typical for the Meadowood neighbourhood and Winnipeg overall. However, it is the smallest home among the 15 directly on Richfield Avenue, where homes average about 1,253 sqft.
Why is the assessed value a key feature?
The assessed value of $42,800k ranks in the top 20% on its street and top 13% in Meadowood. This strong relative valuation is a positive indicator of the property’s worth compared to nearby homes, which is often linked to its modern build year (2010).
What does the 2010 build year mean for a buyer?
Built just 16 years ago, this home is significantly newer than the typical area home built in the late 1970s. This likely translates to more modern wiring, plumbing, windows, and insulation, potentially reducing immediate repair costs and improving energy efficiency.
Is the lot size a drawback?
The 4,409 sqft lot is slightly below the average for Meadowood. This means a smaller yard to maintain, which could be a benefit for those seeking low upkeep, but may be a consideration for buyers wanting extensive outdoor space or gardening opportunities.
How can I find out the exact historical sale price?
The sold price history provided is a range based on public data. To obtain the precise sale price from its 2020 transaction, you can request it via email from the listing service. They provide this detail manually and do not use the contact for unsolicited marketing.