Property Overview
This 1975 bungalow at 54 Willowmeade Crescent in Meadowood presents a practical and straightforward homeownership opportunity. With 988 square feet of living space on a 5,497 sqft lot, its key metrics are consistently average or better within its immediate neighbourhood and street. The home last sold in the $350k-$400k range in 2022. Its core appeal lies in its stability and predictability—it’s a home that aligns closely with the established norms of its well-regarded Crescent, offering little in the way of surprises, for better or worse. It would suit a first-time buyer or downsizer looking for a manageable, no-fuss property in a mature neighbourhood, or an investor seeking a reliable rental with proven value history.
A less obvious point of appeal is its "vintage consistency." While the 1975 build date is common in Meadowood, data shows this specific home is the newest house on Willowmeade Crescent. This suggests potentially fewer age-related issues compared to direct neighbours and could indicate original components (like roofing or windows) were updated later than others on the street.
Frequently Asked Questions
1. How does this home compare to others on the street?
It is consistently average to above-average for the street in key categories. It has the newest build year (1975) on the Crescent, an average-sized lot, and its assessed value is in the top third of the 44 homes on Willowmeade.
2. Is the price fair based on its history?
The home sold for an estimated $350,000-$400,000 in 2022. Its current assessed value is $38,700. Market conditions have shifted since 2022, so a direct comparison is difficult, but the past sale provides a concrete benchmark for recent value.
3. What is the neighbourhood like?
Meadowood is a mature, established neighbourhood. The property data shows homes here are very consistent in age, size, and value, suggesting a stable, uniform community character without extreme highs or lows.
4. Is the living space smaller than average?
At 988 sqft, it is slightly below the city-wide average but is quite typical for Meadowood and is actually very close to the average (1,028 sqft) for Willowmeade Crescent itself. It represents a more compact, efficient floor plan.
5. Why is the assessed value so much lower than the past sale price?
In Manitoba, the assessed value (here $38,700) is not an indicator of market value. It is a figure used for municipal tax calculation. The market value is better reflected by the 2022 sold price range of $350k-$400k and current comparable listings.