Property Overview: 440 Wales Avenue, Meadowood, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1975-built home in Meadowood presents a practical and straightforward opportunity. With 997 sqft of living space and a 5,200 sqft lot, its key characteristics are best described as solidly average within its immediate neighbourhood and street. The data shows it consistently ranks around the middle compared to homes on Wales Avenue and in Meadowood for size, value, and lot area. Its assessed value of $370,000 aligns closely with these local averages.
The appeal lies in its stability and predictability. It’s a home that doesn’t stand out for being exceptionally large, new, or small, but rather fits comfortably within its established community context. A thoughtful perspective is that this averageness can be a strength—it suggests the property is unlikely to be over-improved for the area or carry unusual risks, offering a known quantity in a mature neighbourhood. It would suit a first-time buyer or a downsizer looking for a manageable, no-surprises home in a settled area, where value is derived more from location and community than from the property's standout features.
Frequently Asked Questions
1. How does this home’s size compare to others?
At 997 sqft, the living area is slightly below the city-wide average but is very typical for homes on its street and in the Meadowood area, where comparable homes average about 1,089 sqft.
2. Is the assessed value in line with the neighbourhood?
Yes. The $370,000 assessment is around the average for comparable homes on Wales Avenue and in the broader Meadowood neighbourhood, indicating it is fairly valued within its local market.
3. What is the significance of the home being built in 1975?
Built 51 years ago, this home is actually newer than many on its street, ranking in the top 28% on Wales Avenue for year built. This suggests the immediate area is well-established, and the property itself may have seen fewer decades of wear than some neighbours.
4. How recent is the sale history, and what did it sell for?
The home sold between 2023-2025 for a price in the range of $350,000 to $400,000. Exact sale prices are available upon request to ensure accuracy.
5. What does the lot size offer?
The 5,200 sqft lot is fairly standard for the area. It provides adequate outdoor space without the extensive maintenance of a much larger yard, striking a balance for those who want some private space but not an overwhelming amount.