Property Overview
This home at 443 Wales Avenue in Winnipeg's Meadowood neighbourhood presents a distinct profile. Built in 2020, it is a notably modern property in an area of mostly older homes. Its primary appeal lies in its efficient, low-maintenance design: it offers generous, above-average living space (1,410 sq ft) on a compact, easy-to-manage lot (2,600 sq ft). This creates a practical balance for those who prioritize interior square footage over extensive outdoor space.
The property suits first-time buyers or downsizers seeking a newer build without the premium of a brand-new home. It’s ideal for someone who wants modern systems, minimal immediate repairs, and a manageable yard. A less obvious perspective is its strong positional value within its immediate area—it ranks in the top tiers for living area, year built, and assessed value on its own street, suggesting it stands out as a premium offering in its specific micro-location.
Frequently Asked Questions
1. How does the compact lot size impact the property?
While the land area is smaller than the neighbourhood and city averages, it translates to lower maintenance for gardening and yard work. It may limit potential for large additions or extensive outdoor recreation space, but aligns with a low-maintenance lifestyle.
2. What does the assessed value indicate?
The assessed value of $39,800 is above average for both the street and Meadowood. This typically reflects the property's newer construction and larger living area relative to nearby homes, which can be a positive for municipal tax valuation compared to market value.
3. Is this a good option for someone wanting a modern home?
Yes, exceptionally so for the area. Being built in 2020, it is newer than over 99% of homes in Meadowood and 97% city-wide, meaning it likely has contemporary finishes, efficient insulation, and updated building systems.
4. What is the historical price context?
The home last sold between $300,000 and $350,000 in 2020, the year it was built. This provides a baseline, but current market value will depend on present conditions, updates, and comparable recent sales.
5. How does it compare to the house next door?
The data shows very close proximity to neighbouring homes (e.g., 445 Wales Avenue is just 8 meters away). This, combined with the smaller lot, suggests a typical suburban density, so privacy and outdoor space will be consistent with newer subdivision layouts rather than older, more spacious lots.