Property Overview & Key Characteristics
This home at 389 Wales Avenue in Winnipeg's Meadowood neighbourhood presents a solid, mid-century property with clear strengths in its immediate area. Built in 1976, the house is slightly newer than many on its street and in Meadowood overall, which can be a positive for foundational components. With 983 sqft of living space, it offers a practical footprint that is very typical for the local area, though more compact compared to the Winnipeg city average.
The primary appeal lies in its strong relative value within its micro-market. The assessed value ranks well above average for both Wales Avenue and the broader Meadowood area, suggesting it is viewed favorably compared to its closest peers. The lot size of 5,198 sqft is also generous for the street, offering good outdoor space. Recent sale data indicates it transacted in the upper tier of the market in 2022. This profile suits first-time buyers or downsizers looking for a well-positioned, no-fuss property in a stable neighbourhood, where the investment holds strong against immediate comparables.
A thoughtful perspective is that this home appears to be a "big fish in a small pond"—its metrics are most impressive when compared to its direct neighbours rather than the city at large. This indicates a purchase here is an investment in a specific, desirable pocket of Meadowood.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 983 sqft, the living area is very close to the average for both Wales Avenue and the Meadowood neighbourhood, making it a typical layout for the area. It is, however, notably smaller than the average Winnipeg home.
2. What does the above-average assessed value ranking mean?
The home's assessed value ranks in the top 26% in Meadowood and top 17% on its street. This generally indicates the property is assessed at a higher value than most in its immediate peer group, which can reflect factors like condition, updates, or lot desirability.
3. When was it last sold and for roughly how much?
The property was sold in 2022. Public data shows a sale price range of CA$450,000–500,000, which placed it in the top 7% of sales for the Meadowood area at that time.
4. Is the lot size a feature?
Yes. The 5,198 sqft lot is larger than the average lot on Wales Avenue and for the Meadowood area, providing more private outdoor space than many neighbouring properties.
5. How can I find out the exact historical sale price?
The exact sold price is not published in the public data. You can request it directly via the provided email service, which manually retrieves and shares the precise figure from official records.