Property Overview: 364 Wales Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This home is a study in practical value within a well-established neighbourhood. Built in 1972, its 946 sqft living space is modest and below the average for its immediate area, suggesting a cozy, manageable layout. The true standout is the 5,198 sqft lot, which is notably larger than many on its street and offers significant outdoor potential. With an assessed value of $380,000 that sits firmly in the middle range for comparable homes city-wide, this property represents an accessible entry point into homeownership.
Its primary appeal lies in its balance. It’s not the newest or largest house, but it offers a substantial lot at a median price point. This combination suits first-time buyers or downsizers looking for a lower-maintenance interior without sacrificing yard space. It’s a property where value is derived more from the land and location than from square footage, appealing to those who see potential in outdoor living, gardening, or future expansion. A thoughtful perspective is that a home of this vintage in a mature neighbourhood often comes with established landscaping and a settled, predictable community feel, which can be a welcome contrast to newer, more densely packed subdivisions.
Frequently Asked Questions
1. Is the house smaller than others in the area?
Yes. The living area is below the average for Meadowood and for its own street, ranking in the bottom ~30% for size among comparable local homes.
2. How does the lot size compare?
The lot is a key feature. At over 5,000 sqft, it is larger than the average lot on Wales Avenue and in line with the broader Meadowood area, offering more outdoor space than many neighbouring properties.
3. What does the assessed value tell me about the price?
The $380,000 assessment is very close to the city-wide average for similar homes, indicating it is priced typically for the market. It’s not an outlier on the high or low end.
4. The house was built in 1972. What should I consider?
As a home from the early 1970s, key systems like the roof, windows, plumbing, and electrical may be at or beyond their typical lifespan. A thorough inspection is essential to understand the condition and any needed updates.
5. How can I find out what it last sold for?
Exact sold price history is not publicly displayed. The listing indicates a sale occurred between 2016-2025, and you must contact the listing service directly via email to request the precise sale price and date.