Property Overview: 42 Gascon Road, Meadowood
Key Characteristics & Appeal
This 988 sqft bungalow, built in 1975, sits on a just-under 5,000 sqft lot in Winnipeg's Meadowood neighbourhood. The data presents a home that is modest in scale but positioned in a stable, established area. Its primary appeal lies in its affordability and efficiency. With a living area below the average for its immediate street and the wider city, it represents a more manageable footprint—ideal for those seeking lower utility costs and less maintenance. The assessed value is notably below average on its street, which could indicate a relative value opportunity within the neighbourhood, especially for a buyer comfortable with a home of this vintage.
The property suits first-time buyers or downsizers looking for an entry point into a mature community without a premium price tag. Its lot size is consistent with others on the street, offering typical outdoor space for the area. A thoughtful perspective is that a home ranking "below average" in size and value on its own street can sometimes mean less competition from buyers chasing larger, updated properties, allowing a pragmatic purchaser to secure a solid location at a accessible price point. The 1975 build date places it in a cohort of homes that are ripe for personalized updates, appealing to those with a vision to add value over time.
Frequently Asked Questions
1. How does this home's value compare to recent sales?
It sold between $350,000 and $400,000 in 2023. Its current assessed value is below the average for Gascon Road, suggesting it may be valued conservatively relative to its immediate neighbours.
2. Is the living space significantly smaller than other homes nearby?
At 988 sqft, it is smaller than the average home on its street (1,042 sqft) and in Winnipeg overall (1,342 sqft). This makes it a compact, efficient layout, which is a trade-off for its accessible pricing.
3. What does the "below average" assessed value on the street indicate?
This typically means the home's official valuation is lower than most of its direct neighbours. This isn't inherently negative; it can reflect the home's smaller size or a more basic level of finish, which is often reflected in a more affordable asking price.
4. Is the lot a good size for the area?
Yes. The lot of 4,997 sqft is almost identical to the street average (5,002 sqft). It provides standard outdoor space for Meadowood, neither unusually large nor small.
5. Where can I see more detailed context about the neighbourhood?
You can use the provided link to open a neighbourhood map analysis, which visually compares this property to nearby houses based on year built, size, value, and lot dimensions. For the exact historical sold price, you can request the information via email.