Property Overview: 305 Wales Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This home at 305 Wales Avenue is a quintessential Meadowood property, representing a solid, average offering within its immediate neighborhood. Built in 1973, it features 997 sqft of living space on a generous 5,195 sqft lot. Its appeal lies in its consistency and positioning. When compared to its own street and the broader Meadowood area, the home ranks consistently around the average or slightly above for lot size, living area, and assessed value. This suggests a property that aligns well with local norms, offering neither surprises nor significant drawbacks compared to its closest peers.
The home would suit a practical, value-conscious buyer—perhaps a first-time homeowner or an investor—who prioritizes neighborhood stability over standout features. Its assessed value is notably lower than the city-wide average for comparable homes, which could indicate a more accessible entry point into the Winnipeg market. A thoughtful perspective is that this property’s "averageness" within its context is its strength; it represents a known quantity in a settled area, potentially offering a lower-risk purchase with predictable maintenance expectations for a home of its era.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 997 sqft, the living area is very close to the average for both Wales Avenue (1,089 sqft) and the Meadowood neighborhood (1,114 sqft). It is, however, somewhat smaller than the city-wide average for comparable homes.
2. What is the significance of the assessed value?
The assessed value of $38,400 is around the average for the street and neighborhood. It's important to note this is a value for taxation purposes, not a market price. The last recorded sold price for the home was between $300k-$350k in 2019.
3. Is the lot size a positive feature?
Yes. The lot of 5,195 sqft is larger than the average lot on Wales Avenue and in Meadowood, offering more outdoor space than many immediate neighbors.
4. The home was built in 1973. What should I consider?
As a home from the early 1970s, prospective buyers should budget for updates common to that era, such as roofing, windows, or mechanical systems. Its age is typical for the street but is slightly older than the Meadowood area average.
5. How can I find out the exact historical sale prices?
The provided sold price data is a range from public records. You can request the exact sold price history by emailing the listing service directly; they provide this detail manually at no cost and do not use the request for marketing spam.