Property Overview: 424 Wales Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This 1975-built home in Meadowood offers a practical, no-frills foundation in a mature neighbourhood. With 997 square feet of living space, the house is compact and sits on a notably generous 5,440 sqft lot for its street, providing above-average outdoor space relative to immediate neighbours. The assessed value is consistent with area averages, indicating a stable, mid-range valuation.
The primary appeal lies in its positioning as a straightforward, value-conscious entry point into homeownership. It suits first-time buyers or practical investors seeking a manageable property without a premium price tag. The larger-than-average lot for the street presents a key opportunity for future expansion, gardening, or outdoor living, which is a less obvious advantage in this price segment. While the home's size is below the citywide average, its metrics are consistently average or better within its own community, suggesting it represents a typical offering for Meadowood rather than an outlier. This makes it a sensible choice for buyers whose lifestyle is focused more on the neighbourhood and lot potential than on extensive interior square footage.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
At 997 sqft, the living area is slightly below the average for similar homes on Wales Avenue (1,089 sqft) and in the wider Meadowood area. It is a compact layout, which is reflected in its below-average ranking citywide.
2. Is the assessed value typical for the area?
Yes. The assessed value of $37,500 is very close to the average for Wales Avenue and the Meadowood neighbourhood, placing it firmly in the middle range of local properties.
3. What is the significance of the lot size?
The 5,440 sqft lot is a standout feature. It ranks in the top 19% on Wales Avenue, meaning it is significantly larger than many neighbouring properties. This offers more private outdoor space and potential for additions or landscaping.
4. How old is this home, and what does that mean?
Built in 1975, the home is 51 years old. It is newer than many houses on its street (ranking in the top 28%), but around the average age for the broader Meadowood area. Buyers should anticipate maintenance consistent with a home of this era.
5. Where can I find more detailed context about this property and its neighbourhood?
For a visual analysis comparing this home to nearby properties on metrics like year built and lot size, you can open the dedicated neighbourhood map analysis page linked in the full details. For the exact historical sold price, you can request that information via email.