Property Overview: 3 Edna Perry Way, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 2009, offers a practical and well-positioned offering in the Meadows neighbourhood. Its key appeal lies in its strong relative value and modern construction within a stable, established area.
The 1,578 sqft living space is comfortably above average for both the city and the Meadows area, providing ample room without being oversized. The lot size of 5,232 sqft is notably generous for its immediate street, ranking in the top 10% locally. A standout feature is the assessed value, which sits significantly above average for the Meadows and city-wide, suggesting a solid valuation foundation. The home is neither the newest nor the largest on the block, but it represents a balanced, above-median offering in multiple categories.
This property would suit value-conscious buyers seeking a modern home (avoiding the maintenance concerns of much older inventory) with a good-sized yard in a mature neighbourhood. It’s ideal for those who prioritize a smart purchase—a home that outperforms many of its peers in key metrics without being the most expensive option on the street. It’s a strong candidate for someone looking for a move-in-ready property with established landscaping and community infrastructure.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its recent sale price?
The home sold in the $400k-$450k range in 2019. Its current assessed value of $531,000 is significantly higher, reflecting market changes and the property’s above-average standing in the area. This gap between past sale price and current assessment is an important point for discussion with your real estate agent.
2. Is the lot size a major advantage?
While the lot is larger than most on Edna Perry Way, it is closer to the average for the broader Meadows area. The advantage is primarily hyper-local, offering more private outdoor space than your immediate neighbours, which can be a valuable perk.
3. What does “above average” assessed value mean for taxes and appeal?
An assessed value in the top 10% for the neighbourhood generally indicates the municipality views it as a higher-value home in the area, which can influence property taxes. However, this same metric often correlates with stronger resale value and market appeal.
4. The home is 17 years old. What should I consider?
Built in 2009, it avoids the issues of much older Winnipeg homes but is now at an age where major components (like the roof, HVAC, or appliances) may be nearing the end of their typical lifespan. A thorough inspection is recommended to gauge their remaining service life.
5. How does the living area compare to nearby similar-valued homes?
While the assessed value is high for the area, the living area is not exceptionally large. This suggests value may be derived from other factors like the lot, finishes, interior layout, or specific location within the Meadows, rather than sheer square footage.