Property Overview: 253 Wales Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This home at 253 Wales Avenue is a quintessential Meadowood property that represents solid, middle-of-the-road value. Built in 1974, it offers 1,048 sqft of living space on a generous 5,195 sqft lot. Its appeal lies in its consistency and positioning within a stable neighbourhood. The numbers tell a clear story: this property is consistently "around average" when compared to homes on its street, in Meadowood, and across Winnipeg. This isn't a standout luxury home or a major fixer-upper; it's a fundamentally sound, typical property for the area.
A thoughtful perspective is that this averageness can be a strength. It suggests the home is unlikely to have extreme quirks or premium pricing, making it a predictable and manageable purchase. The lot size is notably above average for the immediate street and neighbourhood, offering more outdoor space than many comparable homes—a subtle advantage for gardening, play, or future expansion. The home last sold between $250k-$300k in 2019, a price point that historically performed very well against local and city-wide averages.
This property would suit pragmatic first-time buyers or investors looking for a straightforward entry into the Winnipeg market without unexpected extremes. It’s also a potential fit for downsizers seeking a manageable lot and a home that aligns with the established character of a mature suburb like Meadowood.
Frequently Asked Questions
1. What does "around average" in all the rankings really mean?
It means this property is very typical for its context. Its size, assessed value, age, and lot are consistently in the middle ranges when compared to similar homes. This indicates a property that aligns with neighbourhood norms, which can simplify valuation and expectations.
2. The assessed value is listed around $37k, but it sold for over $250k. Why the huge difference?
The assessed value is for municipal tax purposes and is not an indicator of market value. In Manitoba, tax assessments are typically a fraction of a property's actual market price. The sale price range from 2019 is the relevant figure for understanding its market value.
3. How does the larger-than-average lot size benefit a buyer?
While the house itself is average in size, the lot is above average for the street and Meadowood. This provides more private outdoor space and could offer more flexibility for additions, sheds, or landscaping than directly neighbouring properties.
4. The home is over 50 years old. What should I consider?
A home built in 1974 will likely have had several updates over the decades. A key focus should be on the condition of major systems (roof, furnace, windows, plumbing) rather than the age itself. Its age is typical for the area, as shown by the comparable averages.
5. How can I find out the exact price it sold for in 2019?
The provided sale price is a range based on public data. As noted on the detail page, you can request the exact sold price by emailing the listing service. They provide this specific data manually upon request.