Property Overview & Appeal
This home at 445 Wales Avenue in Meadowood stands out primarily for its modern build and efficient use of space. Built in 2020, it is a notably newer property compared to most homes in its immediate area and across Winnipeg, placing it in the top tier for year built. With 1,400 sqft of living area, it offers above-average interior space for the Meadowood neighborhood, suggesting a well-proportioned layout. However, the lot size of 2,600 sqft is smaller than typical for the area, indicating a lower-maintenance yard.
The appeal lies in acquiring a modern, likely move-in-ready home with contemporary building standards and systems in an established neighborhood. It suits buyers seeking a newer construction without a premium suburban price tag, and who prioritize interior space and modern amenities over a large yard. The property represents a practical choice for first-time homeowners, small families, or downsizers looking for minimal upkeep. A thoughtful perspective is that the smaller lot could translate to lower property taxes and less weekend yard work, aligning with a simpler lifestyle, while the newer build may offer better energy efficiency.
Frequently Asked Questions
1. Why is the assessed value significantly lower than the city-wide average for comparable homes?
The assessed value reflects the municipal valuation for tax purposes, which can vary greatly by neighborhood. In this case, the value is consistent with and even slightly above average for the Meadowood area, indicating it is fairly assessed within its local market context.
2. What does the "Elite" ranking for Year Built mean?
This ranking indicates the home is among the newest in its comparison groups. Specifically, it is newer than approximately 99% of homes in Meadowood and 97% of homes city-wide, making its 2020 construction date a rare and standout feature.
3. The lot size is noted as "below average." How much of a concern is this?
The lot is smaller than most in the neighborhood and city. This means less outdoor space for gardening, play, or expansion. For some, this is a drawback; for others, it means less maintenance and lower landscaping costs. It's important to view the property in person to see how the yard fits your needs.
4. The home sold in 2020. Is there more detailed price history available?
The provided sold price range is based on public data. For the exact historical sold price, you can request this information directly via the email link on the property page. The service promises a manual reply with accurate figures, typically by the end of the same day.
5. How does the living area compare to nearby homes?
With 1,400 sqft, this home offers more interior space than most on its street and in the Meadowood area, where averages are around 1,089 sqft and 1,114 sqft respectively. This suggests you get a relatively spacious home on a more compact lot.