Property Overview: 369 Wales Avenue, Meadowood, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 369 Wales Avenue is a classic Meadowood bungalow, built in 1974, offering a practical and grounded living opportunity. With 997 square feet of living space, it sits comfortably within the average range for its immediate street and neighborhood, making it a typical, manageable size for the area. The lot is a notable feature at just over 5,000 square feet, providing above-average outdoor space for the street and aligning well with the neighborhood standard—a valuable asset for gardening, play, or future expansion.
Its primary appeal lies in its established location and straightforward metrics. The home represents a stable, middle-of-the-road option in the community, with an assessed value that is consistently average across all comparison levels. This suggests a property that is unlikely to be overvalued relative to its surroundings. It last sold between $350k-$400k in 2021, a price point that historically positioned it as a value-conscious choice in the city.
This property would best suit first-time buyers or practical downsizers seeking an entry into a mature neighborhood without premium pricing. It’s for those who prioritize a generous lot over a large interior footprint and who appreciate a home that reflects the character and averages of its well-established area. It’s a canvas for gradual updates rather than a move-in-ready showcase.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
At 997 sqft, the living area is very close to the average for both Wales Avenue (1,089 sqft) and the wider Meadowood neighborhood (1,114 sqft). City-wide, it is somewhat smaller than the average home.
2. What is the significance of the lot size?
The 5,199 sqft lot is a strong point. It’s larger than the average lot on Wales Avenue and is very typical for Meadowood. This provides more private outdoor space than many nearby properties.
3. What does the assessed value tell us?
The assessed value of $36.7k is consistently around the middle of the pack—whether compared to the street, neighborhood, or city. This indicates the property is viewed as a standard, average-valued home for its area, not an outlier.
4. When was it last sold and for how much?
The home sold between $350,000 and $400,000 in 2021. At that time, this price range placed it in the top 35-46% of sales city-wide, suggesting it was a competitively priced option.
5. Where can I see more detailed comparisons?
For a visual analysis comparing this home to its immediate neighbors on factors like year built, lot size, and value, you can open the dedicated neighbourhood map analysis page linked in the full details.