Property Overview: 435 Wales Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and practical value. Its standout feature is the generous 1,410 sqft of living space, which ranks in the top 3% on its street and top 11% in the Meadowood area, offering more room than most comparable local homes. Built in 2020, it is a notably newer construction, ranking in the top 1% for year built within the neighbourhood, which suggests modern building standards, energy efficiency, and minimal immediate repair needs.
The appeal lies in this balance: you get a spacious, contemporary home without a premium assessed value, which is consistently around the average for the street, area, and city. The trade-off is a smaller lot size (2,600 sqft), which is below average for Winnipeg. This makes the property particularly suited for buyers who prioritize low-maintenance, interior living space over extensive outdoor yard work. It would be an excellent fit for young families, professionals, or downsizers seeking a modern, move-in-ready home in a stable neighbourhood without the upkeep of a larger property or an older structure.
Frequently Asked Questions
1. Is this a good value for the space?
Based on the data, yes. The living area is significantly above average for Meadowood, while the assessed value is aligned with area averages. This suggests you are getting more interior square footage per dollar than many neighbouring properties.
2. What does the smaller lot size mean for me?
The yard is more manageable, requiring less time and cost for maintenance. It may limit extensive gardening, large play structures, or additions like a sizable detached garage. However, it often results in a more efficient property layout and lower landscaping expenses.
3. As a newer build (2020), what should I consider?
Newer builds typically have updated electrical, plumbing, and insulation, leading to lower utility costs. Be sure to review the builder's warranty status and understand any recent developments in the area to assess the full context of the home's six-year history.
4. How does the sold price history from 2020 help?
The initial sale price (CA$300k–350k) provides a benchmark for how the property was valued when new. Comparing this to its current assessed value and any recent area sales can help gauge market trends and the home's potential appreciation.
5. Who might this property not suit?
Buyers with multiple large vehicles, those dreaming of expansive vegetable gardens or pool installations, or anyone seeking a historic character home would likely find the lot size limiting and the modern design less appealing.