Property Overview: 26 Mary Andree Way, Winnipeg
Key Characteristics & Appeal
This home at 26 Mary Andree Way in the Meadows neighbourhood presents a practical and value-oriented opportunity. Built in 2008, it is a notably newer construction compared to the average Winnipeg home, suggesting modern building standards and potentially lower immediate maintenance costs. With 1,108 sqft of living space, it is a compact home, smaller than most on its own street but comparable to the average in its immediate area, positioning it well for individuals, couples, or small families seeking efficient living without excess space to heat or maintain.
The appeal lies in its compelling value proposition. The assessed value is strong city-wide, ranking within the top 30%, which indicates a solid underlying asset value relative to the broader market. However, it's noteworthy that on its own street and in the Meadows area, its assessed value is around or below average, which could represent a relative value opportunity within a desirable newer-built pocket of the community. The lot size of 4,492 sqft is manageable, offering outdoor space without being burdensome. The home last sold in the $450k-$500k range in 2023, providing a recent market benchmark.
This property would suit first-time buyers or downsizers looking for a modern, low-maintenance home in a established neighbourhood. It’s also a sensible fit for value-focused investors or buyers who prioritize a newer build year over sheer square footage, and who appreciate a home that holds a stronger value position city-wide than it does on its immediate block.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The data suggests it might be. While the home is smaller than the street average, its assessed value is also lower relative to its neighbours. This could indicate a price point that offers access to a newer-built street at a lower entry cost per square foot.
2. What does the "above average" city-wide assessed value ranking mean?
It means that, compared to all residential properties in Winnipeg, this home's official assessed value is higher than about 70% of them. This is a positive indicator of its fundamental valuation in the broader market, even if it's more average within its specific micro-area.
3. Given it sold recently in 2023, what should I consider?
The 2023 sale provides a clear, recent price anchor. Buyers should investigate what, if any, updates have been made since that sale, and understand that the seller's purchasing circumstances may influence their motivation now.
4. How does the lot size impact future potential?
At just under 4,500 sqft, the lot is smaller than many in the Meadows area. This likely means lower yard maintenance, but it may also limit possibilities for large additions or expansions compared to properties on larger lots.
5. You mention it's "newer" – are there any caveats to a 2008 build?
A 2008 build is a significant advantage compared to the city's older housing stock. However, it is now 18 years old, so components like the roof, HVAC system, or appliances may be nearing the end of their typical lifespans and should be inspected accordingly.