Property Overview
38 North Meadow Drive is a well-maintained, 1,040 sqft bungalow built in 1986, situated on a 3,598 sqft lot in Winnipeg's Meadows neighbourhood. Its key appeal lies in its balance and established location. While its living space and lot size are modest compared to broader city averages, the home holds a strong position on its own street, particularly as one of the newer builds in the immediate area. It last sold in the $350k-$400k range in 2022.
This property suits practical, value-conscious buyers such as first-time homeowners, downsizers, or investors looking for a manageable, low-maintenance home in a settled community. It’s ideal for someone who prioritizes a solid, move-in-ready structure in a quiet neighbourhood over expansive square footage or a large yard. The data suggests it offers a sense of relative modernity and upkeep that stands out on its block, which could appeal to those wary of older-home surprises.
Frequently Asked Questions
1. How does this home compare to others on the street?
It is competitively positioned. With a 1986 build date, it is the newest house among the 21 homes on North Meadow Drive. Its living area and lot size are very close to the street's average, meaning it fits right into the neighbourhood's character without being an outlier.
2. Is the lot size a drawback?
The lot is smaller than most in the wider Meadows area and Winnipeg overall. This translates to less yard maintenance, which can be a positive for those seeking a lock-and-leave lifestyle or who prefer indoor living space over gardening. For buyers wanting a large private outdoor space, it may feel constrained.
3. What does the "Elite" ranking for Year Built mean?
This simply indicates it is among the top 5% newest homes on its specific street. It doesn't imply luxury, but rather that it is a relatively modern structure compared to its direct neighbours, which can be reassuring for maintenance and system updates.
4. How current is the assessed value, and what does it indicate?
The assessed value is $36,400, which is close to the average for its street and neighbourhood. It's important to note this is a municipal assessment for tax purposes, not a market valuation. The 2022 sale price ($350k-$400k) is a more direct indicator of its recent market value.
5. Who would this property not suit?
It may not be ideal for growing families needing multiple large bedrooms or extensive play space, given the square footage. It also may not fit buyers whose priority is a large garden, workshop, or significant outdoor privacy, due to the compact lot size.