Property Overview: 62 Spring Meadow Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling proposition centered on generous space and a premium lot. Its primary appeal lies in its significant scale relative to its surroundings. With over 2,100 square feet of living area, it ranks in the top 3% of homes in the Meadows area and the top 8% city-wide for size. This is complemented by an exceptionally large, nearly 10,000-square-foot lot, which places it in the elite top 3% within the neighbourhood.
Built in 1982, the home is older than most on its street and in Meadows, which may indicate a need for updates but also suggests a well-established property with mature landscaping. The assessed value of $560,000 reflects its substantial footprint and land size, ranking well above local and city averages.
This property is ideally suited for buyers who prioritize interior and exterior space over a newer build. It’s a strong fit for growing families seeking room to expand, or for those who value a large, private yard. The numbers suggest you are paying for land and square footage here, making it a potential long-term home for someone willing to modernize the interior over time. Its standout lot size offers a rare level of privacy and potential for gardens, recreation, or future additions that are hard to find in newer subdivisions.
Section 2: Frequently Asked Questions
1. How does the home’s age impact its value and condition?
While the 1982 build date is older than many neighbouring homes, the above-average assessed value indicates the size of the house and lot are significant value drivers. Prospective buyers should budget for potential updates to major systems (like roof, windows, HVAC) common for homes of this era, while appreciating the established character and mature lot.
2. The lot size is a major feature. What does this practically offer?
A lot of this size (top 3% in Meadows) provides exceptional outdoor space for privacy, gardening, play, or entertaining. It also offers future potential, such as the possibility of a sizable addition, a detached garage, or a workshop, subject to local zoning bylaws.
3. The home sold recently in 2023. What does that mean for me?
The sale within the last two years provides a very recent market price benchmark (listed between $450k-$500k), offering a clear picture of its value in the modern market. It’s important to investigate what, if any, changes or improvements have been made by the current owners since that purchase.
4. How does this home truly compare to others nearby?
The data shows it is larger in both living space and land area than the vast majority of homes on its street, in Meadows, and across Winnipeg. You are getting a property that is physically bigger than its peers, which is a key differentiator beyond just the number of bedrooms or bathrooms.
5. Is the assessed value a reliable indicator of the likely selling price?
The $560,000 assessment is a municipal valuation for tax purposes, not a market price. However, its ranking in the top 4% for the area signals it is considered a high-value property by the assessor. The actual market price will be influenced by current conditions, the home’s updated condition, and buyer demand for its unique combination of space.