Property Overview: 102 Meadow Lake Drive
Key Characteristics & Appeal
This home presents a balanced profile in Winnipeg's Meadows neighborhood. Its primary appeal lies in its generous 6,439 sqft lot, which is notably larger than most in the immediate area and offers above-average outdoor space for the community. The 1,040 sqft living area is comfortably within the average range for the street and neighborhood, suggesting a practical, manageable layout.
A thoughtful perspective for buyers is the home's established nature. Built in 1981, it is one of the older homes on Meadow Lake Drive. This often translates to mature landscaping, settled foundations, and a well-understood history of the home's performance through decades of local weather. The assessed value sits in a moderate range for the area, indicating a potentially accessible entry point into the neighborhood.
This property would suit a first-time buyer or downsizer looking for a lower-maintenance interior space coupled with a larger-than-typical yard for gardening, recreation, or future expansion. It’s also a practical fit for someone who values established communities with older home character over newer construction.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The land area of 6,439 sqft is a standout feature. It ranks in the top 19% on Meadow Lake Drive and the top 16% in the broader Meadows area, meaning you're getting significantly more yard space than most of your immediate neighbors.
2. The home was built in 1981. Should I be concerned about major updates?
While the building age is above average for the street, it is around the city-wide average. This typically means core systems like roofing, windows, or heating may have been updated over the years. A thorough inspection is always recommended to determine the condition and age of these key components.
3. What do the recent sold prices indicate?
The home sold in 2020 and again in 2023, with prices in the $300k-$400k range. This recent turnover and price progression can indicate a desirable location, but for exact sold prices to understand market trends precisely, you need to request the data directly from the listing service.
4. Is the living space smaller than average?
The living area is slightly below the average for the city overall but is very much in line with the averages for both the Meadows neighborhood and Meadow Lake Drive specifically. It reflects the typical scale of homes in this particular community.
5. How is the assessed value determined, and what does it mean for taxes?
The assessed value ($39,100) is used by the city to calculate property taxes. It is not the market value. This assessment is moderately positioned compared to other homes in Meadows, suggesting property taxes that are average for the area, not exceptionally high or low.