Property Overview: 359 Meadowood Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1974, presents a compelling case for value-focused buyers. Its primary appeal lies in its efficient use of space within the Meadowood neighbourhood. While the lot size (3,148 sqft) is modest compared to broader city averages, the living area is notably spacious for its immediate street, ranking in the top 1% among the 81 comparable homes on Meadowood Drive. This suggests a well-utilized floor plan that maximizes the home's footprint.
The property’s assessed value is significantly below averages for both the wider Meadowood area and the city, which can indicate a lower property tax burden and potential value opportunity for a buyer willing to invest in updates. The home last sold between $300k-$350k in 2021. It suits first-time buyers, downsizers, or investors looking for an entry point into a stable neighbourhood. A thoughtful perspective is that while the lot is smaller, it requires less maintenance, and the home's above-average living space for the street offers more interior room than many neighbours have—a trade-off that prioritizes home over yard.
Section 2: Frequently Asked Questions
1. How does the home’s value compare to the area?
The assessed value is below the average for the broader Meadowood neighbourhood and the city. This often correlates with a lower annual property tax bill, but it may also reflect the home’s condition, lot size, or specific market factors at the time of assessment.
2. Is the living space adequate for a family?
At 1,080 sqft, the living area is above the direct street average and is comparable to many area homes. The efficient ranking suggests the layout may feel larger than the square footage implies, but it is still a compact bungalow suited for smaller families, couples, or individuals.
3. What does the lot size mean for outdoor space?
The lot is 3,148 sqft, which is smaller than many in Winnipeg. This means lower maintenance and landscaping demands, but also limited space for extensive gardens, play structures, or additions. It's ideal for those who prefer a manageable yard.
4. The home was built in 1974. What should I consider?
Homes from this era may have original components, like windows, roofing, or electrical systems, that are nearing or past their typical lifespan. A thorough inspection is advised to budget for any necessary updates or modernizations.
5. How can I find out the exact past sale price?
The provided sale price is a public data range. The listing service offers to provide the exact sold price history via a manual email request, with a promise of a reply by the end of the same day and no unsolicited marketing.