Property Overview: 76 Sanford Fleming Road, Meadows
Section 1: Key Characteristics & Appeal
This 1,088 sqft bungalow, built in 1978, presents a practical opportunity in Winnipeg's Meadows neighbourhood. Its primary appeal lies in offering above-average interior space for its immediate street, ranking in the top 17% among 36 nearby homes. The lot size (3,489 sqft) is also generous for the street, providing good outdoor space relative to close neighbours.
However, the property’s context shifts when viewed more broadly. Its assessed value is notably below average for the wider Meadows area (top 96%), suggesting it may be undervalued or require consideration of its condition relative to the neighbourhood. This creates a distinct value proposition: you get a home with solid interior and lot size for the specific block, but at an assessed value that sits significantly lower than area averages.
This profile would suit a value-conscious buyer, such as a first-time homeowner or an investor, who is comfortable with a home from the late 1970s and sees potential in its foundational metrics. The recent sale history (2022 and 2023, both in the $200k-$250k range) indicates steady market activity. It’s a property that asks the buyer to weigh the benefits of its space on the block against its broader neighbourhood valuation and era.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the Meadows area average?
A lower assessment compared to area averages can stem from several factors, including the home’s age, specific condition, or features that haven’t been updated. It’s a key point to investigate, as it can represent an entry point into the neighbourhood.
2. How does the living area compare to nearby homes?
The living area is a strong point for this specific location. At 1,088 sqft, it is larger than most homes directly on Sanford Fleming Road, where the average is about 944 sqft.
3. What does the recent sale history indicate?
The home sold in both 2022 and 2023, each time in the $200,000 to $250,000 range. This consistent sale activity and price bracket over two years suggest a stable and recognizable market value for the property.
4. Is the lot size typical for Winnipeg?
No, the lot is below average for both the Meadows area and the city overall. At 3,489 sqft, it is more compact than many Winnipeg lots, but it is actually above average for the immediate street, making it a relative strength in its micro-location.
5. The home was built in 1978. What should I consider?
Homes from this era may have original components nearing the end of their service life, such as roofing, windows, or major systems like heating. A thorough inspection is advised to understand the condition and potential upcoming investments, which may be reflected in its assessment and price.