Property Overview: 50 Sterling Avenue, Meadowood, Winnipeg
Key Characteristics & Appeal
This home at 50 Sterling Avenue stands out for its substantial size and modern age within its community. Built in 2005, it is a notably newer construction compared to most homes in the Meadowood area and across Winnipeg. Its primary appeal lies in its generous scale: with approximately 2,697 square feet of living space, it ranks within the top 3% of homes on its street and the top 1% within the broader Meadowood area. This is complemented by a large, private lot of over 14,600 square feet, which is more than double the average lot size for the neighbourhood and places it in the top 2% citywide.
The home’s assessed value is positioned in the top tier locally, yet it presents an interesting value perspective when viewed against the city-wide average for homes of similar assessment. It last sold in the 2021-2022 period. The combination of ample interior space, a large outdoor area, and relatively modern construction reduces the immediate need for major updates, offering a move-in-ready canvas.
This property would ideally suit buyers looking for a established family home with room to grow, who value privacy and outdoor space without moving to a rural setting. It also appeals to those seeking a modern home in a mature neighbourhood, offering the best of both worlds: a newer build with settled, green surroundings. A less obvious angle is its appeal to value-conscious buyers comparing city-wide metrics; the lot and living space offered here at its assessed value can represent a different kind of premium compared to newer suburban developments.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold between CA$600k–650k in 2021. Its current assessed value is $70,200. It is important to consult with a real estate professional for a current market valuation, as assessed value for tax purposes and market value can differ.
2. What does the "Elite" ranking mean for living area?
The "Elite" ranking indicates the home's living area is larger than approximately 97% of comparable homes on its street and 99% of those in the Meadowood area. This means it offers significantly more interior space than most properties in its immediate and local market.
3. Is a 2005-built home considered old in this neighbourhood?
No, quite the opposite. With an average build year on the street around 1973 and in Meadowood around 1978, this 2005 home is among the newest. It is in the top 9% newest on its street and top 5% in the area, suggesting more modern construction standards and systems.
4. What is the significance of such a large lot?
The 14,614 sqft lot is a key feature, offering exceptional outdoor space for gardens, recreation, or expansion. It is more than 2.5 times the average lot size in Meadowood, providing a level of privacy and scope rare for the neighbourhood.
5. How can I get the exact historical sold price?
The precise sold price is not publicly displayed due to data regulations. You can request the exact history by email via the "Get exact sold price history" button on the listing page. The service is manual but typically provided by the end of the same business day, without marketing spam.