Property Summary: 295 Meadowood Drive, Winnipeg
Key Characteristics & Appeal
This 900 sqft bungalow, built in 1975, presents a practical and value-conscious opportunity in the Meadowood neighbourhood. Its primary appeal lies in its strong position within its immediate streetscape. While the home's living area and lot size (3,148 sqft) are modest compared to broader city averages, it stands out on Meadowood Drive itself. It ranks in the top 25% for assessed value on its street, suggesting it is perceived as a well-maintained or updated property among its direct neighbours. Notably, it is the newest home on its street (top 1%), which can imply newer major systems like roofing or plumbing compared to adjacent houses.
The property suits first-time buyers, downsizers, or investors seeking an entry into a stable neighbourhood without a premium price tag. Its smaller scale offers lower utility and maintenance costs. A thoughtful perspective is that this home represents a "best-in-class" option for its specific, older street—offering modern relative advantages in a mature setting, rather than competing with larger, newer suburban homes. Its recent sale history (2022 and 2016) shows consistent value in the $250k-$300k range, indicating a stable, predictable market segment.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the listing or sale price?
Not directly. The assessed value of $310k is for municipal tax purposes. However, its ranking (top 25% on its street) is useful, as it indicates the property is likely in better condition or has more desirable features than many neighbours, which can support a competitive sale price.
2. How does the smaller living area impact livability?
At 900 sqft, the home is efficient and cozy, best for individuals, couples, or small families. It ranks as average for its own street but below average for the wider area, highlighting Meadowood as a neighbourhood of relatively compact, older homes. This can mean lower heating and cleaning costs.
3. What does it mean that this is the newest house on the street?
Built in 1975, it is the most recently constructed among 81 homes on Meadowood Drive. This is a relative advantage, potentially meaning fewer age-related issues than immediate neighbours and possibly featuring updates from the 1970s building era.
4. How does the lot size compare, and what are the implications?
The 3,148 sqft lot is near average for the street but below average for the wider area and city. This suggests a smaller, manageable yard with lower maintenance, but limited space for large additions, pools, or extensive landscaping.
5. Where can I see more context about this specific location?
You can open the neighbourhood analysis page for a detailed map comparing this property to nearby houses by year built, size, value, and lot dimensions. For precise historical sale prices, you can request the exact figures via email.