Property Overview
This 848 sqft property at 8-667 St. Anne's Road in Winnipeg's Meadowood neighbourhood is a compact, late-80s build with a notably low municipal assessed value. Its appeal lies in its position as an accessible entry point into the Winnipeg market, offering lower ongoing property tax obligations due to its assessment. The home is smaller than most in its immediate area and street, which suggests a more manageable space for a certain lifestyle.
It would best suit a first-time buyer, an investor looking for a lower-cost rental unit, or a downsizer seeking minimal upkeep and expenses. A thoughtful perspective is that its lower assessment, while beneficial for taxes, may also indicate it's a candidate for value-adding updates, potentially offering equity growth for a buyer willing to make thoughtful improvements.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby properties?
The municipal assessed value of $18,300 is significantly below averages for the street and neighbourhood. This typically reflects the property's smaller size, age, and potentially its condition or specific market factors at the time of assessment.
2. What are the benefits of a lower assessed value?
The primary benefit is lower municipal property taxes, which reduces the annual cost of ownership. This can make the home more affordable on an ongoing basis.
3. How does the living area compare to typical homes?
At 848 sqft, this home is notably smaller than the average home on St. Anne's Road (1,123 sqft) and in Meadowood (1,193 sqft). It offers a more compact living footprint.
4. Can I find out the exact historical sale price?
The listed sale price range is based on public data. The exact sold price from its last transaction (2019, in the CA$150k-200k range) is available by request from the listing service via email.
5. How does the year built affect this property?
Built in 1989, the home is around the city-wide average age. This means major components like the roof or windows may be due for inspection or replacement, which is a standard consideration for homes of this era.