Property Overview: 259 Wakopa Street, Meadowood, Winnipeg
Key Characteristics & Appeal
This 1976-built home on a 5,879 sqft lot presents a specific value proposition in the Meadowood neighbourhood. With 916 sqft of living space, it is notably more compact than many homes on its own street, but offers a lot size that is above average for the Meadowood area. This creates a distinct profile: a modest-sized house on a relatively generous parcel of land.
The primary appeal lies in its efficient scale and the potential of its lot. It suits first-time buyers, downsizers, or investors seeking a lower-entry point into the Winnipeg market without sacrificing outdoor space. The assessed value of $340k is modest for the city overall, suggesting a manageable property tax burden. A thoughtful perspective is that while the home itself is below average in size for its immediate street, this can mean less maintenance and lower utility costs, while the larger-than-area-average lot provides room for gardening, expansion, or simply more privacy than neighbouring properties might offer. It’s a property for those who prioritize land over square footage.
Frequently Asked Questions
1. Is this a small house?
Yes, at 916 sqft, the living area is below average for the street, the Meadowood area, and the city overall. It is a compact, single-story layout.
2. How does the lot size compare?
The 5,879 sqft lot is a key feature. It is larger than the average lot in the Meadowood area, offering more yard space than many comparable properties.
3. What is the property’s value context?
With an assessed value of $340,000, it sits well below the average for its own street but is closer to the city-wide average. This indicates it is a more modestly valued home in its immediate vicinity.
4. What can past sales tell us?
The home sold in the $300k-$350k range in 2020 and in the $200k-$250k range in 2019. For the exact historical sold price, you can request details via email from the listing service.
5. Who are the closest comparable properties?
The listing references nearby homes on Wakopa Street and Wales Avenue, as well as homes in other neighbourhoods with a similar $340k assessed value, such as in Elmhurst and Varsity View.