Property Overview: 393 Wales Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 393 Wales Avenue in Meadowood presents a solid, average-sized offering in a mature neighbourhood. Built in 1974, it features 1,040 sqft of living space on a 5,198 sqft lot. Its core appeal lies in its consistency and established context. The property ranks consistently around the middle compared to its immediate street, the broader Meadowood area, and city-wide, meaning it doesn’t have extreme outliers in size, value, or age. This stability can be a virtue, offering a predictable and balanced entry point into the market.
The home would suit practical, value-conscious buyers such as first-time homeowners or investors looking for a straightforward residential property without unexpected extremes. Its recent sale in 2025 within the $450k-$500k range placed it in the top 8% for its immediate area, suggesting strong perceived value or potential for the street. The lot size is notably above average for Meadowood, offering good outdoor space relative to the neighbourhood. A thoughtful perspective is that this home represents the "backbone" of its community—not the newest or largest, but a reliable component that has maintained its place and function for over 50 years.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street?
Across key metrics like living area, lot size, and year built, this property consistently ranks near the middle (between the 42nd and 47th percentile) on Wales Avenue. It is a very representative home for the street.
2. What does the assessed value indicate?
The assessed value of $38,800 is for taxation purposes and is significantly lower than the recent sale price. This is normal in Winnipeg, where assessed values are often a fraction of market value. Its assessment ranks in the top third on its street, indicating the city views it as slightly above average for the area in its tax category.
3. Why is the sold price range from 2025 notable?
The sale price of $450k-$500k placed this home in the top 8% of sales for its local area at that time. This could indicate specific updates, desirable lot features, or strong market conditions for well-positioned, average-sized homes in mature neighbourhoods.
4. Is the lot size a advantage?
Yes. At 5,198 sqft, the lot is larger than the Meadowood area average (~4,784 sqft). This provides more private outdoor space than many neighbouring properties, which is a key asset.
5. How can I get the exact historical sold price?
The exact sold price is not publicly listed. You can request it by email via the button on the property page. The service is manual, with a promised reply by the end of the same day, and your email will not be used for unsolicited marketing.