Property Overview: 3 Park Meadows Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Kirkfield offers a well-proportioned living space of approximately 2,349 sqft on a generous 8,248 sqft lot, with an attached garage and a renovated basement. Built in 1986, it presents a compelling blend of established neighbourhood character and modern updates.

Its primary appeal lies in its strong positional value. The home ranks in the elite top 4-6% citywide for living space, offering significantly more room than the average Winnipeg house. In the desirable Kirkfield area specifically, it stands out, ranking in the top 3% for assessed value and the top 6% for size among comparable homes. This suggests a property that is both substantial and well-regarded within its immediate community. The large lot provides ample outdoor space and potential, a feature that becomes increasingly valuable.

This property would ideally suit buyers looking for a spacious, established family home in a mature neighbourhood. It appeals to those who prioritize interior square footage and a sizable yard over a brand-new build. It’s also a strong match for value-conscious buyers who recognize the advantage of a home that already has key renovations, like the basement, completed. The data indicates it’s a home that offers more than what’s typical, both in its immediate area and across the city, making it a solid anchor property in a sought-after locale.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to its recent sale price?
The home sold in July 2024 for between $774,500 and $777,500. Its current assessed value is $713,000. It's common for market sale prices to differ from the municipal assessment, which is used for tax purposes and may lag behind current market trends.

2. What does the "elite" ranking for size citywide actually mean?
The ranking indicates that this home’s living area is larger than approximately 96% of all residential properties in Winnipeg. This is a significant differentiator, offering space that is increasingly rare, especially on a large lot.

3. Is the 1986 build date a concern?
While not a new build, the year is average for the street and newer than most in Kirkfield. The key consideration is the condition and updates. The renovated basement is a noted positive, and a thorough inspection would clarify the state of major systems like roof, windows, and HVAC.

4. How does the lot size benefit a buyer?
At over 8,200 sqft, the lot is larger than 90% of city lots. This provides superior outdoor space for gardening, recreation, and privacy. It also offers potential for future additions like a deck, patio, or shed, subject to local bylaws.

5. Who determines the "comparable homes" for these rankings?
The rankings are generated by comparing this property’s metrics to groups of homes deemed similar, likely based on property type and location. The "same street" and "same area" comparisons are the most relevant for understanding its standing in the immediate neighbourhood.