Property Overview: 451 Wales Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 451 Wales Avenue in Meadowood stands out for its modern build and efficient use of space. Built in 2020, it is a notably newer construction compared to most homes in its immediate area and across Winnipeg, potentially offering advantages in building standards, energy efficiency, and reduced immediate maintenance. With 1,410 sqft of living area, the interior space is generous for the neighbourhood, ranking in the top 3% on its street. This suggests a well-designed, modern floor plan that maximizes usable square footage.
The appeal lies in this balance of new construction and above-average interior space within a mature community. The property suits buyers seeking a move-in-ready home without the concerns of an older structure, and who prioritize interior space over a large yard. The lot is compact at 2,600 sqft, which means lower exterior upkeep but less private outdoor space—a trade-off that works well for busy professionals, small families, or those looking to minimize gardening and maintenance. Its assessed value is consistently above average for the local area, reflecting its modern status.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
The land area is significantly smaller than the average lot in Meadowood and Winnipeg. This translates to minimal yard maintenance but also limited private outdoor space for gardening, play, or expansions. It positions the property as a low-maintenance, interior-focused home.
2. What does the "Elite" ranking for Year Built mean?
This indicates the home is among the newest 1-3% of comparable properties in its wider area. In a city and neighbourhood with many homes built from the 1960s-1980s, a 2020 build date is a major differentiator, suggesting newer major systems (roof, HVAC, windows) and modern layouts.
3. Why is there a range for past sold prices instead of an exact figure?
Exact sale prices in Manitoba are not publicly available online. The provided ranges are estimates based on publicly accessible data. The precise sale history can be requested directly from the site via email.
4. The assessed value seems low compared to the city-wide average. Why?
The city-wide average assessed value shown (~$390k) includes all property types and sizes across Winnipeg. This home's assessment ($42,600) is for taxation purposes and is not its market value. Its market value is better indicated by its recent sale price ranges ($450k-$500k in 2022).
5. Who would this property not be ideal for?
It may not suit buyers who desire a large, traditional yard for gardening or recreation, or those looking for a character home with the architectural details common in older neighbourhoods. The compact lot also offers less potential for additions like a large garage or deck.