Property Overview
This home at 461 Wales Avenue in Winnipeg's Meadowood neighbourhood presents a distinct profile defined by its modern construction and efficient use of space. Built in 2021, it is a notably newer property compared to most homes on its street, in the area, and across the city.
Key Characteristics & Appeal
The primary appeal of this property lies in its modernity and above-average living space. With 1,400 square feet of living area, it offers more interior room than most comparable homes in both Meadowood and on Wales Avenue itself. As a build from 2021, buyers can expect contemporary building standards, newer major systems, and minimal immediate maintenance, a significant contrast to the area's average home age from the 1970s and 80s.
The home suits buyers prioritizing a move-in-ready, modern property without the need for renovations. It's an efficient package: you get a newer, well-sized home on a smaller, manageable lot (2,600 sqft). This trade-off means less yard upkeep but also less private outdoor space than typical for the neighbourhood. The assessed value is consistent with area averages, suggesting a stable, established valuation. A thoughtful perspective is that this property offers a "lock-and-leave" ease but within a mature community, blending new-home convenience with an established neighbourhood feel.
Frequently Asked Questions
1. How does the lot size impact this property?
The land area of 2,600 sqft is below average for the street, area, and city. This translates to a lower-maintenance yard but less space for expansions, large gardens, or extensive outdoor recreation compared to neighbouring properties.
2. What does the "Elite" ranking for Year Built mean?
It indicates this home is among the newest 1-2% of properties when compared to its immediate street, the broader Meadowood area, and the entire city. It is a statistical outlier in terms of its modern construction date.
3. Is the assessed value a reliable indicator of the market price?
The assessed value ($39,500) is used for municipal tax purposes. It is around the local average, but market price is determined by current buyer demand, condition, and recent sales of similar homes. The last recorded sale was between $300k-$350k in 2021.
4. Who would this property not suit?
It may not be ideal for buyers seeking a large, private yard or those wishing to do major expansions, due to the smaller lot size. It also may differ in architectural character from the older, more established homes that dominate the street.
5. Where can I see more detailed context for this home?
A neighbourhood analysis page is available to view the property on a map alongside nearby houses, allowing for direct comparison of year built, living area, assessed value, and lot size.