Property Overview: 2 Edna Perry Way, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and relative value within Winnipeg's Meadows neighbourhood. Built in 2010, it is one of the newest homes on its street, offering the benefits of a more contemporary construction without the premium of a brand-new build. With 1,400 sqft of living space, it is a comfortably sized home that sits around the average for both the wider area and the city, making it a practical choice for small families, couples, or downsizers.
The property’s primary appeal lies in its generous 5,395 sqft lot, which is among the largest on the street. This offers significant outdoor space for gardening, recreation, or future expansion, a feature that is increasingly valuable. From an investment perspective, the home's assessed value is notably above average for the Meadows area, suggesting it is viewed favorably within its immediate market context. A recent sale in the $500k-$550k range further supports its solid market position.
This home would best suit value-conscious buyers seeking a modern, low-maintenance property with ample yard space in a well-established neighbourhood. It’s ideal for those who prioritize a newer build and a larger lot over having the absolute most interior square footage on their block.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to its neighbours?
While its living area is slightly below the average for its immediate street, it is very close to the average size for both the broader Meadows neighbourhood and the city of Winnipeg as a whole. This indicates it's a standard-sized home for the area, just on a street with some larger properties.
2. What does the assessed value tell me?
The assessed value of $48,200 is significantly higher than the average for the Meadows area. This often reflects factors like the home's newer age, lot size, and condition relative to older homes in the wider neighbourhood, which can be a positive indicator for municipal valuation and potential resale.
3. Is the lot size a significant feature?
Yes. The lot is in the top 5% on Edna Perry Way for size. This is a distinct advantage, providing more private outdoor space than most direct neighbours and offering potential for landscaping, play areas, or future additions like a deck or shed.
4. The home sold recently. What does that price indicate?
The 2024 sale price range of $500,000-$550,000 places this sale in the top 8% for the Meadows area at that time, demonstrating strong market demand. It provides a concrete, recent benchmark for the property's market value.
5. Who might this property not suit?
Buyers seeking a very large interior footprint relative to their street or those who prefer a historic character home may find other options more suitable. This is a modern, average-sized home on a street where some houses are larger, but it compensates with a newer build and a superior lot size.