Property Overview: 42 Ashworth Street, Meadowood, Winnipeg
Key Characteristics & Appeal
This 1972-built home in Meadowood presents a practical opportunity centered on its generous lot. With 1,032 square feet of living space, the house itself is modest and slightly below the citywide average for size, but it sits on a 5,698 sqft parcel of land that is notably larger than most in the immediate area and on its street. This creates a clear value proposition: you are investing primarily in the land, with a home that may require updates due to its age.
The appeal lies in this land potential. For a buyer comfortable with a project, the large lot offers room for expansion, gardening, or outdoor living that can be hard to find in newer subdivisions. The assessed value is comparatively low for the street, suggesting a potentially lower property tax burden and an entry point into the neighbourhood. It suits a practical first-time buyer, an investor looking for a hold-and-renovate property, or someone seeking a spacious yard without a premium price tag for the house itself. A less obvious perspective is that an older home on a good-sized lot in a stable neighbourhood like Meadowood often holds its value through economic cycles, as the land component provides a durable foundation.
Frequently Asked Questions
1. Is the low assessed value a red flag?
Not necessarily. It primarily reflects the age and modest size of the home relative to others on the street. It can mean more manageable property taxes, but a buyer should always verify condition through inspections.
2. What does the "below average" year built ranking mean for me?
Built in 1972, the home is older than most on Ashworth Street. This typically suggests key systems (roof, windows, plumbing, electrical) may be at or beyond their typical lifespan and should be budgeted for inspection and potential updating.
3. How significant is the large lot size?
Very. The lot is in the top 13% on Ashworth Street for size. This is the property's standout feature, offering more privacy, space for additions, or recreational yard space than neighbouring properties.
4. How can I find out what it last sold for?
Exact sold prices are provided manually by the listing service to verified users. You can request the precise sale history for 2016 by submitting your email through the "Get exact sold price history" button on the detail page.
5. Are the comparable listings provided accurate?
The "For reference" and "Worth viewing" listings are algorithmically selected based on similar metrics like year built, area, or value. They are a useful starting point for market comparison, but a buyer's agent should conduct a more tailored analysis of recent sales.