Property Overview: 463 Wales Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This home stands out in its Meadowood neighbourhood for its modern build and efficient use of space. Built in 2021, it is notably newer than almost all comparable homes on its street, in the area, and across Winnipeg. With 1,400 sqft of living area, it offers above-average interior space for Meadowood, providing a roomier feel than many nearby properties. The assessed value of $400k is also above average for the immediate vicinity.
The primary appeal lies in acquiring a modern, low-maintenance home in an established neighbourhood. Buyers benefit from newer construction, which typically means updated building codes, modern systems, and less immediate need for major repairs or renovations. The property suits first-time homeowners seeking a move-in-ready space without the worries of an older home, or downsizers looking for a manageable, contemporary layout without leaving a mature community. A thoughtful perspective is that the smaller, 2,600 sqft lot, while below average in size for the area, translates to less yard maintenance—a potential upside for those prioritizing indoor living space and ease of upkeep.
Frequently Asked Questions
1. How does the property’s value compare historically?
Based on available data, the home sold for an estimated $300k–$350k when it was new in 2021. Its current assessed value of $400k suggests appreciation, consistent with its modern status in an area of predominantly older homes.
2. What are the trade-offs of the newer build and smaller lot?
The advantages are modern amenities and less maintenance. The trade-off is a significantly smaller yard compared to neighbours, which may matter if you desire extensive outdoor space or garden potential. The property offers efficiency over expansiveness.
3. Is the living space actually larger than it seems?
While the 1,400 sqft is above average for Meadowood, it is close to the city-wide average. The home makes intelligent use of its footprint, offering more interior space than most nearby properties but on a more compact lot.
4. What does the "Elite" ranking for year built mean?
This statistical ranking indicates the home is among the newest 1-2% of properties when compared to its direct street, the broader Meadowood area, and the entire city. It is a rare find in terms of age in this context.
5. Where can I see more detailed comparisons with neighbouring properties?
A neighbourhood analysis map is available to visually compare this home with others nearby based on year built, living area, assessed value, and lot size. This helps contextualize its standing in the immediate streetscape.