Property Overview: 40 Brentford Road, Meadowood, Winnipeg
Section 1: Key Characteristics & Appeal
This 827 sqft bungalow, built in 1975, presents a practical and affordable entry point into Winnipeg’s housing market. Its key appeal lies in its relative value and manageable scale. With a living area that is modest compared to area and city averages, the home is best suited for first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property. The lot size is compact (3,199 sqft), which translates to less yard work and lower exterior maintenance costs—a subtle benefit for those seeking simplicity.
The home’s assessed value is notably below averages for both the Meadowood area and the wider city, suggesting a potentially lower property tax burden and an accessible price point. A thoughtful perspective is that while the home ranks below average in size for the neighbourhood, it sits on a street of very similar homes (from the same era), offering streetscape consistency. A recent sale in the $250k-$300k range aligns with its position as a value-oriented option. This property suits buyers whose priority is financial accessibility and a solid foundation in a stable neighbourhood over size or modern finishes.
Section 2: Frequently Asked Questions
1. How does the lot size impact this property?
At 3,199 sqft, the lot is smaller than most in Meadowood and across Winnipeg. This means less private outdoor space but also significantly reduced maintenance for gardening, lawn care, and snow removal, which can be a practical advantage.
2. What does the assessed value tell me about the taxes?
The assessed value of $29,900 is below area and city averages. This typically correlates with a lower municipal property tax bill, which is an important ongoing cost to consider alongside the mortgage.
3. The home sold recently. What can that price tell me?
The 2024 sale in the $250,000 to $300,000 range provides a concrete, recent market benchmark. It confirms the home’s positioning as an affordable entry-point property within the current market.
4. Is the living area suitable for a small family?
At 827 sqft, the living space is compact. It would be most comfortable for individuals, couples, or a very small family. Buyers should prioritize efficient use of space and may need to consider the potential for renovations to improve flow or add rooms.
5. You mention the home is “around average” for its street. Why is that important?
Homes on Brentford Road are very similar in age and style. This consistency can help protect property values, as the home isn’t overshadowed by significantly larger or newer developments, and it contributes to a uniform neighbourhood character.