Property Overview: 465 Wales Avenue, Meadowood, Winnipeg
Key Characteristics & Buyer Appeal
This 2020-built home offers a distinctly modern living experience within a mature Winnipeg neighbourhood. Its primary appeal lies in the combination of a newer build with above-average interior space. At 1,410 sqft, the living area is notably larger than most homes on its street and in the broader Meadowood area, ranking in the top 3% and 11% respectively. This suggests a efficient, contemporary floor plan that maximizes usable space.
The home suits buyers seeking a move-in-ready property without the immediate concerns of major maintenance or renovations common with older stock. It’s particularly well-matched for professionals, small families, or downsizers who prioritize modern interiors and low upkeep over a large yard, as the lot size is compact compared to area norms. A thoughtful perspective is that this property represents a trade-off: you gain a newer, efficiently designed home but with less outdoor space, making it ideal for those who prefer minimal yard work or who value community parks over private land.
Frequently Asked Questions
1. Why is the assessed value significantly lower than the city-wide average home value mentioned?
The "average" city-wide assessed value shown (~$390k) includes all home types and ages. This property's assessment ($42.10k) is for taxation purposes only and is not market value. Its last recorded sale was between $300k-$350k in 2020.
2. How does the smaller lot size impact daily living?
The land area (2,600 sqft) is below average for the street and area. This typically means a smaller backyard, potentially less privacy, and limited space for large additions like a detached garage. However, it also translates to less maintenance and lower landscaping costs.
3. What does the "Elite" ranking for Year Built mean?
It indicates this home is much newer than most. It ranks in the top 1% in Meadowood and top 3% city-wide for its recent build year (2020). This is a key advantage, suggesting modern building standards, materials, and systems with many years of life before major components need replacement.
4. Are property taxes likely to be higher because it's a newer build?
Potentially. While the assessed value is used to calculate taxes, newer homes often have higher assessments relative to older ones of similar size in the same area. It's advisable to research the current tax rate for an accurate estimate.
5. Where can I see how this property compares visually to its neighbours?
The listing suggests using the "Open neighbourhood map analysis" feature. This tool provides a geographic view to compare this home's year built, size, and lot dimensions directly against nearby houses.