Property Overview: 273 Wales Avenue, Meadowood, Winnipeg

Section 1: Key Characteristics & Appeal

This 1975 bungalow in Meadowood presents a practical and straightforward opportunity. Its key characteristics are defined by solid averages with a few notable strengths. The 1,076 sqft living area is typical for the street and neighbourhood, offering comfortable space for a smaller household. The standout feature is the 5,713 sqft lot, which is significantly larger than many on the same street and in the immediate area, providing ample outdoor space, potential for gardening, or future expansion.

The home’s appeal lies in its position as a stable, mid-century property in an established community. Its assessed value is consistently around the average mark across all comparison levels, suggesting it is priced in line with market norms without unexpected premiums. Recent sale history indicates strong value appreciation, with the 2024 sale price ranking in the top tiers locally. This home would suit first-time buyers seeking a manageable property with a generous yard, or practical investors looking for a character-free rental in a steady neighbourhood. It’s a home for those who value usable land over a modern or recently renovated interior.

Section 2: Frequently Asked Questions

1. How does the lot size compare to nearby properties?
The lot is a key advantage. At 5,713 sqft, it ranks in the top 15% on Wales Avenue and the top 28% in Meadowood, meaning it’s notably larger than many direct neighbours.

2. Has the property’s value been increasing?
Based on available sale data, it appears so. The sold price in 2024 placed in the top 16% on its street and top 12% in the area, a significant jump from its middle-tier ranking in the 2019 sale, indicating strong local market growth.

3. Is the house older or newer than others in Meadowood?
Built in 1975, it is slightly newer than the average home on its street, ranking in the top 28%. Compared to the wider Meadowood area and city, its age is very close to the average.

4. What does the “around average” assessed value mean for taxes?
An assessed value that consistently ranks near the median for the street, area, and city suggests your property taxes should be in line with what is typical for similar homes in Winnipeg, without any unusual high or low assessments.

5. Where can I see more context about the neighbourhood?
For a detailed visual analysis comparing this property to nearby houses by year built, size, value, and lot size, you can open the dedicated neighbourhood map analysis page linked in the full details.