Property Overview
48 Homewood Drive presents a compelling opportunity in Winnipeg’s Meadowood neighbourhood. Its primary strength lies in its generous living space, which ranks within the top 5-7% of homes in its immediate area. Built in 1981, it is a relatively newer home for its streetscape and offers an assessed value that is consistently above average across all comparison levels. The lot size is more compact compared to others on Homewood Drive, but is typical for Meadowood overall, suggesting a lower-maintenance yard.
The appeal here is rooted in space and value. You get significantly more interior square footage than most comparable homes nearby, wrapped in a property with a strong assessed valuation. This combination is ideal for buyers who prioritize roominess—such as growing families or those who work from home—over a large garden. It suits a practical buyer looking for a well-sized home in an established neighbourhood without the upkeep of a vast lot. A thoughtful perspective is that its above-average metrics in a mature area like Meadowood could indicate a property that has been maintained or updated over time, offering a move-in-ready canvas.
Frequently Asked Questions
1. How does the lot size impact the property?
While the lot is smaller than the average on Homewood Drive, it is very typical for the broader Meadowood area. This often translates to less time and money spent on yard maintenance, which can be a benefit for many buyers.
2. What does the "Elite" ranking for living area mean?
This means the home’s interior square footage (1,690 sqft) places it in the top 5% of all similar homes in the Meadowood area. You are getting more indoor space than 95% of comparable properties nearby.
3. The home sold between 2020-2025. Can I find out the exact price?
The precise sold price is not publicly listed. The listing service offers to provide this exact historical sale data manually via email upon request, at no cost and without marketing spam.
4. Is a 1981-built home considered old?
In context, no. It is newer than most homes on its street and in the Meadowood neighbourhood. For Winnipeg overall, its age is very average, suggesting its major systems may be from a more modern era than many peers.
5. How does the assessed value relate to market price?
The assessed value ($463,000) is for municipal tax purposes and is consistently above local averages. While not a direct market appraisal, it is a strong indicator of the property’s relative worth and desirability compared to its neighbours.