Property Overview
76 Sterling Avenue in Meadowood is a compact, well-situated home that presents a practical entry point into the Winnipeg market. Built in 1981, it's a newer construction compared to many homes on its street and in the broader neighbourhood. With 929 square feet of living space, it is notably smaller than the average home on Sterling Avenue but is more in line with the typical size for the Meadowood area. The lot size of 4,478 sqft is modest, especially for its immediate street, but is closer to the city-wide average. Its assessed value is strong within Meadowood, ranking above the neighbourhood average, which suggests good value retention for the area.
Key Characteristics & Appeal
The primary appeal of this property lies in its efficiency and position as a lower-maintenance option. It suits first-time buyers, downsizers, or investors seeking a manageable property with solid fundamentals in a stable neighbourhood. Its above-average assessed value within Meadowood indicates it is viewed favourably compared to its local peers, potentially offering a cost-effective alternative to larger, more expensive lots on the same street. A thoughtful perspective is that its smaller scale translates to lower utility costs and less upkeep, freeing up time and budget. It represents a pragmatic choice for those prioritizing location and financial efficiency over sheer space.
Frequently Asked Questions
1. How does the home's size impact its value?
While the living area is below average for its specific street, it is more competitive within the wider Meadowood neighbourhood. The assessed value ranking suggests the market recognizes other positive attributes, potentially including its newer construction year and efficient layout, offsetting the smaller square footage.
2. Is the lot size a significant drawback?
The lot is the smallest on Sterling Avenue, which may limit extensive outdoor projects. However, it is near the city-wide average, making it a standard urban lot. This can be an advantage for buyers who prefer a smaller yard to maintain.
3. What does the "above average" assessed value in Meadowood mean?
This means the property’s official assessed value is higher than most (top 29%) of comparable homes in the Meadowood area. It often reflects a combination of factors like condition, improvements, and the property's specific characteristics as perceived for taxation purposes.
4. The sold price history shows a range from 2019. How can I get the exact price?
The exact sold price is not publicly displayed due to data policies. You can request it by email via the button on the listing page. The service is manual, with a reply typically provided by the end of the same day, and your email is not used for marketing.
5. How does the 1981 build year compare?
Built in 1981, this home is newer than most on its street and in Meadowood. This can be advantageous, potentially meaning fewer major system updates (like roofing or windows) have been needed compared to older homes, and it may feature more modern construction standards.