Property Overview: 42 Sunglow Road, Winnipeg
Key Characteristics & Appeal
This home at 42 Sunglow Road in the Meadows neighbourhood is a practical, entry-level property with a clear value proposition. Built in 1990, it is notably newer than many homes on its street and across Winnipeg, which can be appealing for buyers seeking a home potentially requiring fewer immediate updates to major systems. The lot size is consistent with the local area, offering standard outdoor space.
The primary appeal lies in its position as a competitively priced, no-frills option. With a living area of 1,040 sq ft, it is more compact than the average home on its street, which translates to a lower assessed value. This creates an opportunity for first-time buyers or investors seeking an affordable foothold in the market. Its recent sale in the $400k-$450k range (2024) performed respectably against area averages, suggesting it holds its value in line with local trends.
This property would best suit a budget-conscious buyer, such as a first-time purchaser or an investor, who prioritizes a newer build year over square footage. It’s a home for those who see potential in a manageable space and are comfortable with a property that ranks as a smaller, more affordable option within its immediate vicinity.
Frequently Asked Questions
1. Is the home significantly smaller than its neighbours?
Yes. The living area is below the average for Sunglow Road itself, ranking 15th out of 18 comparable homes on the street. However, its size is much more in line with the broader Meadows neighbourhood and city-wide averages.
2. What does the "newer" build year really mean for me?
Built in 1990, the home is 36 years old. While not new, it is newer than most on its street and in the city. This can suggest things like modern wiring standards, more efficient window designs, and plumbing that may have more remaining service life than in homes built decades earlier.
3. How does the assessed value relate to the likely selling price?
The municipal assessed value is significantly lower than the recent sale price. This is normal; assessed values for tax purposes often lag behind market values. The 2024 sale price is a far better indicator of current market value.
4. The lot seems average. Is there room for expansion?
With a 5,298 sq ft lot that is typical for the area, there may be some potential for a rear addition or garden suite, subject to zoning bylaws and setback requirements. It’s not an exceptionally large lot, but it is standard for the neighbourhood.
5. Why is the city-wide average assessed value so much higher?
The data shows a stark jump to a $390k city-wide average for "comparable homes." This is likely a data discrepancy or a definition of "comparable" that includes very different property types. For a true comparison, focus on the "Same area" (Meadows) average of about $40,900, which is much closer to this home's assessment.