Property Overview: 56 Homewood Drive, Meadowood, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 56 Homewood Drive stands out for its above-average scale and established presence in the Meadowood neighbourhood. Built in 1981, the property offers a generous 1,690 sqft of living space on a large 8,490 sqft lot, placing it consistently in the top tier compared to neighbouring and city-wide homes. Its appeal lies in offering more space—both indoors and outdoors—than is typical for the area, providing room for family living, gardening, or expansion.
The home’s assessed value ranks in the elite top 4% on its street and top 3% in Meadowood, reflecting its premium positioning relative to local comparables. This isn't just a standard house in the neighbourhood; it's one of the larger, more valuable properties on the block. It would suit buyers looking for a established home in a mature community who prioritize lot size and interior space over a brand-new build. It’s particularly well-matched for those who see value in a property that already outperforms local averages, suggesting a solid foundation for long-term value in a sought-after location.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in Winnipeg?
The data shows this property is above average city-wide in living area, land size, and assessed value. Its most striking advantage is the lot size, which is in the top 10% across the entire city, offering a rarity in urban settings.
2. The home was last sold in 2022. What does that recent sale history indicate?
The 2022 sale price range placed the home in the top 7% on its street and top 3% in Meadowood, confirming its premium status. This recent transaction suggests a stable and strong value perception in the immediate area.
3. As a home from 1981, what should I consider?
While newer than the average Winnipeg home, a 45-year-old property will likely have had updates and will require due diligence on systems like roofing, windows, and plumbing. Its age is actually above average for its specific street and neighbourhood, meaning it fits right in with the character of the area.
4. What is the benefit of such a high assessed value?
A high assessed value relative to neighbours often correlates with a higher market value and can indicate a well-maintained or improved property. However, it's important to note that municipal assessed value is for taxation purposes and should be verified against a current market appraisal.
5. Who are the most logical future buyers for this home?
Given its consistent top-tier rankings on its street, the most likely future buyers would be similar to the current profile: those seeking a spacious, established family home in Meadowood. Its standout lot size also makes it a potential long-term target for those interested in land value.