Property Overview: 333 Wales Avenue, Winnipeg
Key Characteristics & Appeal
This 1974 bungalow in Meadowood presents a practical and straightforward homeownership opportunity. With 996 sqft of living space on a 5,197 sqft lot, its metrics are consistently average or slightly above average for its immediate street and neighbourhood. This indicates a property that fits comfortably within its established community context, neither standing out nor lagging behind. Its appeal lies in this stability and the potential value of a manageable lot size in a mature area.
The home is best suited for first-time buyers seeking an entry point into the Winnipeg market, or for downsizers looking for a low-maintenance property without a condo fee structure. A thoughtful perspective is that its "average" rankings across the board suggest a lower risk of overpaying compared to a top-tier property, as the price is likely to be firmly grounded in local comparables. The lot size, while not huge, is notably larger than many on the same street, offering a relative advantage for outdoor space or future expansion compared to direct neighbours.
Frequently Asked Questions
1. What does the "Top 35%" ranking for Assessed Value mean?
It means this home's assessed value is higher than approximately 35% of comparable properties on Wales Avenue. In simpler terms, it is assessed at a slightly above-average value for its specific street, which can sometimes reflect lot size, condition, or improvements relative to immediate neighbours.
2. How does the living area compare to typical Winnipeg homes?
At 996 sqft, the living space is below the Winnipeg city-wide average for comparable homes (1,342 sqft). However, it is much closer to the averages for both Meadowood (1,114 sqft) and Wales Avenue itself (1,089 sqft), confirming it's a more compact home that aligns with the scale of its neighbourhood.
3. The home sold in 2021 and 2016. What do those sales rankings indicate?
The 2021 sale price ranked in the top 23% for the street, suggesting it sold for a strong price at that time. The 2016 sale ranked in the top 81% (a lower relative price), showing significant appreciation between those two sales periods. This history highlights market volatility and the importance of current valuation.
4. Is the Year Built (1974) a concern?
The home is 52 years old, which is typical for Meadowood. Its ranking shows it's newer than many homes city-wide but slightly older than some on its street. This age implies standard maintenance for a mature home (roof, windows, mechanical systems) should be expected and factored into considerations.
5. How can I get the exact historical sold prices?
The exact prices are not publicly displayed. As noted on the listing, you can request the precise sold price history by emailing the provided service. They manually provide this data without using your email for marketing.