Property Overview

This 1975-built home at 27 Olivewood Crescent in Meadowood is a well-situated, average-sized property that represents a solid entry point into the Winnipeg market. With 1,040 sqft of living space on a 5,498 sqft lot, its metrics consistently place it in the middle range compared to its immediate street, the wider Meadowood area, and the city overall. Its assessed value of $39.7k ranks above average for the neighbourhood, suggesting it is viewed favourably relative to nearby properties. The home last sold between $300k-$350k in 2022.

The appeal here lies in its stability and predictability. It’s not an outlier in any category, which can be an advantage for buyers seeking a manageable property without unexpected extremes in lot size, home size, or tax assessment. It suits first-time buyers or downsizers looking for a established, low-drama home in a mature neighbourhood. A thoughtful perspective is that its "average" rankings across the board indicate a property that is unlikely to be over-improved or under-improved for the area, potentially offering a balanced renovation canvas or a straightforward, livable home as-is.

Frequently Asked Questions

1. What does the assessed value tell me about this property?
The assessed value of $39,700 is for municipal tax purposes and is not the market value. However, it ranks in the top 29% in Meadowood, indicating the city assesses this property more highly than many in the immediate area, which can sometimes reflect better maintenance or desirable features.

2. How does the 2022 sale price relate to today's value?
The home sold for an estimated $300,000-$350,000 in 2022. This provides a historical benchmark, but current market conditions, interest rates, and any updates made since then will determine its present value. It serves as a useful data point for understanding recent market activity on the street.

3. Is the living space suitable for a growing family?
At 1,040 sqft, the living area is slightly below the average for comparable homes in Meadowood (~1,114 sqft). It would likely suit a small family, a couple, or someone looking to downsize from a larger home, but may feel compact for a larger household.

4. The home was built in 1975. What should I consider?
A home of this age is likely to have original or older major systems (like roof, windows, plumbing, and electrical). A pre-purchase inspection is crucial to understand the condition and anticipate potential updates. On the positive side, it often comes with a more established yard and neighbourhood character.

5. How can I get the exact historical sale price?
The exact sale price is not publicly listed. As noted on the detail page, you can request it by email from the service. They provide this data manually and state they do not use email addresses for unsolicited marketing.