Property Overview
This home at 500 Kildonan Meadow Drive in Winnipeg’s Meadows neighbourhood presents a balanced and above-average offering in several key areas. Built in 2010, it is a relatively modern home that requires less immediate attention than many older properties in the city. With 1,487 square feet of living space, it provides comfortable room for a family without being oversized, sitting close to the average for its immediate street and area.
The standout characteristic is its assessed value, which ranks consistently above average—placing it in the top 18% on its street, top 9% in the Meadows area, and top 14% citywide. This suggests a perception of solid quality and desirability relative to its peers. The lot size of just over 5,000 square feet is fairly typical for the area, offering standard outdoor space.
Its appeal lies in this combination of a newer build, efficient use of space, and strong assessed value—a profile of a well-maintained, turn-key home in an established neighbourhood. It would suit practical buyers such as young families seeking a move-in-ready home without the unknowns of an older property, or value-conscious purchasers who appreciate a home that holds its worth well compared to neighbours. The recent 2023 sale in the $550k-$600k range indicates active market interest.
Frequently Asked Questions
1. What does the "above average" assessed value ranking actually mean?
It means the municipal property assessment for this home is higher than most comparable homes on its street, in Meadows, and across Winnipeg. This often reflects factors like condition, updates, or desirable features, and can be a positive indicator for resale value, though property taxes will be based on this assessment.
2. Is a 2010-built home considered "new" in this context?
Yes. Compared to the average home in Meadows (built around 1990) and citywide (built around 1966), a 2010 build is notably newer. This typically means more modern building materials, systems, and layouts, potentially leading to lower maintenance costs in the near term.
3. How does the lot size compare?
At 5,082 sq. ft., the lot is slightly smaller than the average on Kildonan Meadow Drive but is very close to the average for the broader Meadows area. It provides a standard suburban yard space but is not an exceptionally large parcel.
4. What can the 2023 sale price tell me?
The home sold for an estimated $550,000-$600,000 in 2023. This recent transaction provides a concrete benchmark for its market value just a couple of years ago, which is a useful starting point for understanding its current worth.
5. Who would this home not be ideal for?
Buyers seeking a very large lot, an ultra-modern custom build, or a bargain-priced "fixer-upper" might look elsewhere. This home represents a solid, middle-ground option focused on practicality and above-average condition for its neighbourhood.