Property Overview: 429 Meadowood Drive, Winnipeg
Key Characteristics & Appeal
This 960 sqft bungalow, built in 1972, presents a compelling mix of modest living space and a generous, well-sized lot. Its primary appeal lies in its standout position within its immediate neighbourhood. The property boasts an assessed value that ranks in the elite top 5% on Meadowood Drive itself, suggesting it is viewed favorably compared to its closest neighbours. This is complemented by a land area of 5,669 sqft, which is significantly above average for the street, offering ample outdoor space and potential.
The home suits practical buyers looking for a solid foundation in a stable area. It’s ideal for a first-time homeowner comfortable with a property of vintage character, or an investor seeking a house with a strong relative value proposition on its block. The larger lot is a key asset, providing room for gardening, expansion, or simply more privacy than surrounding properties—a less obvious advantage in a neighbourhood of mostly smaller lots. While the living space is compact by broader city standards, its efficiency is typical for the immediate area, making it a sensible choice for those prioritizing lot size and value-perception on their street over interior square footage.
Frequently Asked Questions
1. Why is the assessed value so high compared to others on the street?
The assessment ranks in the top 5% on Meadowood Drive. This typically reflects a combination of the above-average lot size, the property’s condition, and any improvements relative to neighbouring homes of similar age and style.
2. What does the "below average" ranking for the year built mean?
Built in 1972, this home is older than most on its street and in the broader Meadowood area. This isn’t unusual for a mature neighbourhood, but it does indicate that buyers should expect the maintenance and update needs common to houses of this era.
3. How does the lot size compare to typical city lots?
At 5,669 sqft, the lot is above average for both the street and the Meadowood area, but is closer to the city-wide average. This means you get more outdoor space than most nearby homes, which is a significant perk in this location.
4. The home last sold between 2017-2025. How can I find the exact price?
Exact sold prices are not publicly displayed in detail. You can request the precise historical sale price by using the "Get exact sold price history" email request function provided on the listing page.
5. Are comparable homes currently on the market?
The listing suggests a few nearby properties for reference or viewing, such as 457 Meadowood Drive and 14 Knightsbridge Drive. Checking these can provide a live market comparison for layout, condition, and price.