Property Overview: 165 Meadow Gate Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 952 sqft bungalow, built in 1978 on a 5,199 sqft lot, presents a straightforward and practical homeownership opportunity in the Meadows neighbourhood. Its primary appeal lies in its positional value and stability. The home sits comfortably around the average for its immediate street in terms of size, assessed value ($350k), and age, indicating it fits seamlessly into a mature, established setting. While its living space is below the broader neighbourhood and city averages, this often translates to a more manageable and efficient layout with lower utility costs.
The property would suit first-time buyers seeking an entry point into a settled community without the premium of a newer build, or downsizers looking for a single-level living option on a decent-sized lot. A thoughtful perspective is that its "average" standing on the street is a strength—it suggests less risk of over-improvement for the area and offers a neutral canvas for personalization. The assessed value is notably below the Meadows area average, which could indicate a potential value opportunity for a buyer willing to invest in updates, aligning the interior with the solid foundation of the location.
Section 2: Frequently Asked Questions
1. How does this home compare to others in the area?
The home is very typical for Meadow Gate Drive itself, matching the street's average for age, value, and lot size. Compared to the wider Meadows neighbourhood, it is a more compact and value-oriented option, with both living space and assessed value below the area average.
2. What is the likely condition given its age?
Built in 1978, the home is approaching 50 years old. Buyers should budget for updates to major aging components like the roof, windows, and mechanical systems. The interior likely reflects older styles, presenting an opportunity to modernize.
3. Is the assessed value a reliable indicator of market price?
The $350k assessment is a benchmark for property taxes, not a guaranteed sale price. Recent sold data (2022: $300k-$350k) suggests the assessment is in a realistic range, but the final price will depend on current market conditions, home condition, and buyer demand.
4. What are the advantages of a smaller, older home like this?
Lower utility and maintenance costs compared to larger homes, a potentially more manageable yard, and a character-filled location in an established community. It often allows for entry into a neighbourhood that might otherwise be less affordable.
5. How can I get the exact historical sale prices?
The provider, SaveOnHouse, offers an exact sold price history upon request via email. This is a manual service they provide at no cost, without using your email for marketing spam.