Property Overview: 449 Wales Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and established neighbourhood living. Built in 2020, it is a notably newer construction compared to most homes on its street, in Meadowood, and across Winnipeg, placing it in the top tier for age. Its 1,410 sqft of living space is generous for the area, offering more room than the vast majority of comparable nearby homes. The assessed value is consistently above average for its immediate context.
The primary appeal lies in acquiring a modern, low-maintenance home with ample interior space in a mature neighbourhood. It suits buyers who prioritize a move-in-ready property with contemporary building standards and efficient use of interior square footage over a large yard, as the lot size is smaller than typical for the area. This is an ideal fit for professionals, small families, or downsizers seeking a newer build without venturing to the outer suburbs, offering a balance of modern comforts and established community roots.
Frequently Asked Questions
1. Why is the assessed value significantly lower than the recent sold prices?
The assessed value ( $39,800 ) is for municipal tax purposes and is not a market valuation. It is based on a provincial formula and lags behind current market conditions. The sold price ranges from 2020 and 2022 provide a more accurate picture of its market value.
2. How does the smaller lot size impact the property?
The land area is 2,600 sqft, which is below average for the neighbourhood. This typically means less exterior maintenance and lower landscaping costs, but also limited space for extensive gardens, play structures, or future expansions like large decks or additions.
3. The home is "newer," but what does that mean for the neighbourhood?
Built in 2020, it is among the newest homes on Wales Avenue (top 6%) and in the entire Meadowood area (top 1%). This suggests it likely has modern insulation, wiring, plumbing, and appliances, potentially offering better energy efficiency and fewer immediate repair concerns than older neighbouring homes.
4. The sold price increased notably between 2020 and 2022. What does this indicate?
The increase from the $300k-$350k range in 2020 to $400k-$450k in 2022 reflects strong market appreciation during that period and possibly the completion of any initial landscaping or finishing touches on the then-new build. It establishes a recent price trajectory for the home.
5. How does this home compare to others on the same street?
It stands out on Wales Avenue for being much newer (2020 vs. an average build year of ~1982) and having significantly more living space (1,410 sqft vs. an average of ~1,089 sqft). Its lot, however, is smaller than most on the street. This positions it as a modern, spacious interior on a compact, manageable lot.