Property Overview
33 Meadow Lake Drive is a compact, well-situated home built in 1984. Its key characteristic is its efficiency: with 861 square feet of living space on a 4,099 square foot lot, it represents a more modest footprint compared to many homes on its street and in the wider Meadows area. The home’s assessed value is notably lower than most immediate neighbours, which is a defining feature.
The appeal lies in its position as an accessible entry point into a stable neighbourhood. It suits first-time buyers or investors seeking a lower-cost foothold in the market, or downsizers looking for a manageable property without leaving the community. A thoughtful perspective is that its smaller size and lot offer reduced maintenance and utility costs, which can be a significant long-term advantage. While it ranks below average in size for the area, it is newer than many homes city-wide, potentially suggesting fewer immediate major updates.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is significantly lower than the average on Meadow Lake Drive, likely due to the home's smaller square footage and lot size compared to others on the street. This can result in lower property taxes.
2. What does the sold price history indicate?
The home sold for an estimated $250k-$300k in 2017. To understand its current market trajectory and get the exact historical sold price, you can request that information directly via the provided email service.
3. Is the smaller living space a major drawback?
It depends on your needs. The living area is below the average for the street and neighbourhood, making it a cozy fit for a smaller household. However, this efficiency is also what makes it a more affordable option in the area.
4. How does the lot size impact the property?
At just over 4,000 square feet, the yard is smaller than average for the street. This means less outdoor maintenance but also less private outdoor space, which is worth considering if gardening or recreation are priorities.
5. The data shows it's "newer" than many city-wide homes. What does that mean for me?
Built in 1984, the home is above the city-wide average for age (newer than about 70% of homes). This can be positive, potentially indicating systems (like plumbing or electrical) that are less likely to need immediate replacement compared to much older homes, though a professional inspection is always recommended.