Property Overview
71 Sterling Avenue presents a compelling mix of modern convenience and generous outdoor space in Winnipeg's Meadowood neighborhood. Its key appeal lies in its relative newness, being built in 2005, which places it among the newest 5% of homes in the local area. This suggests updated building systems and potentially lower immediate maintenance. The standout feature is the large 10,679 sqft lot, which ranks in the top 5% both for Meadowood and city-wide, offering significant private outdoor space that is increasingly rare.
The home’s assessed value is notably strong, ranking in the top 3% for the area, indicating official recognition of its above-average worth. While the living area is modest compared to others on its street, it is above average for Meadowood, offering efficient space. This property would suit buyers prioritizing a newer home on a large, private lot over sheer interior square footage. It’s ideal for those who value outdoor potential—for gardening, recreation, or future expansion—and seek a home with modern infrastructure, likely appealing to young families or downsizers wanting space without an older home’s upkeep.
Frequently Asked Questions
How does the lot size compare practically?
The lot is exceptionally large for the city, offering privacy and space uncommon in newer subdivisions. It's larger than the average city lot by over 4,000 sqft, but slightly smaller than the average on Sterling Avenue itself.
What does the "Elite" ranking for assessed value mean?
It means the municipal property assessment for this home is higher than 97% of comparable homes in Meadowood. This often reflects desirable attributes like the new build year and large lot, but it's also a key factor in determining property taxes.
The home sold recently in 2023. Is that a concern?
Not necessarily. The sale within the last two years simply means it has a very current market price reference. It provides a clear, recent benchmark for value, which can be an advantage for financing and appraisal.
Is the living area sufficient for a family?
At 1,272 sqft, it is above the neighborhood average. It represents a balanced layout that may favor fewer but potentially larger rooms, emphasizing efficient use of space rather than maximum room count, which pairs well with the expansive outdoor area.
Why is the year built such a standout feature?
The 2005 build date means major components like the roof, windows, furnace, and electrical are likely still within or just approaching their typical lifespan, potentially deferring significant capital costs for the next owner compared to the area's average home built in the 1970s.