Property Overview: 152 Meadow Gate Drive, Winnipeg
Key Characteristics & Appeal
This home at 152 Meadow Gate Drive in the Meadows neighbourhood presents a solid, above-average offering within its immediate streetscape. Built in 1978, it is a well-established property featuring 1,240 sqft of living space and a 5,498 sqft lot. Its primary appeal lies in its strong positional value on Meadow Gate Drive itself: the living area is notably larger than most neighbours' (ranking in the top 14% on the street), and its assessed value is also above the street average. This suggests a home that offers more space and perceived value than many directly comparable houses nearby.
While it stands out on its own street, its metrics are more in line with the broader neighbourhood and city averages, indicating it is a representative, grounded property for the area rather than an outlier. The last recorded sale was between $300k-$350k in 2022. This profile suits practical buyers looking for a home that offers a bit more than its immediate peers without a premium price tag. It’s ideal for someone who values a sense of relative space and investment within a familiar, mature community, and who is comfortable with a home of this vintage, likely seeing it as a canvas for gradual updates.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
While its size is excellent for Meadow Gate Drive, it's close to the neighbourhood average. The key perspective is that you're getting a home that is a leader on its specific street but blends in comfortably with the wider Meadows area.
2. The assessed value seems low. What does that mean for property taxes?
The assessed value of $37,200 is for municipal tax purposes and is not the market value. The 2022 sale price ($300k-$350k) is a better indicator of market value. Taxes are based on the assessed value and the annual mill rate.
3. What should I consider about a house built in 1978?
A home of this age is likely to have had several major components, like the roof, windows, or furnace, updated over time. A key part of your due diligence will be to ascertain the age and condition of these systems to plan for future maintenance.
4. Is the lot size a pro or a con?
At just under 5,500 sqft, the lot is very typical for the street and neighbourhood. It provides adequate outdoor space for gardening or recreation without the extensive upkeep of a larger yard, which can be a positive for many buyers.
5. How can I find out the exact past sale price?
The provider notes that exact sold price history is available upon request via email. They state this is done manually and they aim to reply by the end of the same day, without using your email for unsolicited marketing.