486 Wales Avenue

Property Overview

486 Wales Avenue is a compact, single-family home in Winnipeg's Meadowood neighborhood. Built in 1975, its key characteristic is its modest scale, with a living area of 720 sqft situated on a 2,599 sqft lot. Both metrics are notably below average for the street, neighborhood, and city. The home's assessed value of $300k is also below the broader city average, though it is more aligned with local area averages.

Its appeal lies in its efficiency and potential as an entry point into homeownership. The below-average taxes relative to the city, resulting from its lower assessed value, are a practical financial advantage. It suits first-time buyers, downsizers, or investors seeking a manageable property with straightforward upkeep. A thoughtful perspective is that its smaller footprint and lot represent a lower environmental impact and reduced maintenance burden, which can be a significant, less-heralded benefit. The home last sold between $200k-$250k in 2019.

Frequently Asked Questions

1. Is this the smallest house on the street?
Based on the data, it is among the smallest. It ranks 138 out of 139 homes on Wales Avenue for living area, meaning only one home on the street is smaller.

2. Why is the assessed value lower than the city average?
The assessed value reflects the home's smaller size and lot dimensions compared to the typical Winnipeg home. It is more in line with averages for the immediate Meadowood area.

3. What are the property taxes likely to be?
While exact taxes depend on the annual mill rate, they will be calculated based on the $300k assessed value. This should result in a tax bill below the citywide average for a single-family home.

4. Is the lot size a limitation for expansion or outdoor space?
The 2,599 sqft lot is smaller than most in the area. It provides space for a compact yard but may present challenges for significant additions, depending on zoning and setback requirements.

5. How can I find out the exact price it sold for in 2019?
The listing service provides a sold price range. To obtain the exact sale price, you can use the email request function provided on the property detail page.