Property Summary: 49 Meadow Lake Drive
Section 1: Key Characteristics & Appeal
This home at 49 Meadow Lake Drive is defined by its compact and efficient footprint. With 680 square feet of living space on a 3,937 sqft lot, it is notably smaller than most homes in its immediate neighborhood, on its street, and across Winnipeg. Built in 1983, its age is typical for the area. The assessed value is modest and below average for the Meadows area, though it aligns more closely with the city-wide average when compared to all Winnipeg properties.
The primary appeal lies in affordability and low-maintenance living. The below-average assessed value suggests a potentially accessible entry point into the Winnipeg market. While the interior space is limited, the lot, though the smallest on Meadow Lake Drive, still provides outdoor space. This property would best suit first-time buyers, investors looking for a rental property, or downsizers seeking a simpler, cost-effective home without the upkeep of a larger house. A thoughtful perspective is that its city-wide value ranking is significantly stronger than its neighborhood ranking, which could indicate upside potential in a desirable area for a buyer comfortable with a smaller home.
Section 2: Frequently Asked Questions
1. Is the sold price from 2019 a good indicator of current value?
Not directly. The 2019 sale price (estimated between $250k-$300k) is a historical data point. Current value is influenced by market conditions, updates to the property, and the detailed assessed value, which is now listed at $33,200.
2. How does the lot size impact this property?
At 3,937 sqft, the lot is the smallest on Meadow Lake Drive. This means less yard maintenance but also less private outdoor space compared to neighbors. It’s a trade-off that prioritizes efficiency over expansive grounds.
3. What does it mean that the living area is in the "Top 95%" (rank 55 of 58) on its street?
This statistic means the home has more living space than only about 5% of comparable homes on its street; in other words, it is one of the smallest houses on Meadow Lake Drive. The same is true when compared to the wider Meadows area and the city.
4. Why is the city-wide assessed value ranking so much better than the neighborhood ranking?
The assessed value is around the city-wide average (Top 60%), but below average for the Meadows area (Top 82%). This often suggests the property is in a generally valued area where smaller, more affordable homes are less common, creating a unique niche.
5. How can I get the exact historical sold price?
The exact sold price is not publicly displayed. You can request it by email via the button on the listing page. The service is manual, with a promised reply by the end of the same day, and your email will not be used for unsolicited marketing.