Property Overview

289 Meadowood Drive is a well-maintained 1974 bungalow offering 720 square feet of living space on a 3,148 sqft lot. With an assessed value of $290,000, it presents a specific value proposition within Winnipeg’s market. Its key characteristics are defined by how it compares to its immediate neighbourhood, the broader Meadowood area, and the city as a whole.

Key Characteristics & Appeal

This home’s primary appeal lies in its efficiency and location. The living area is notably compact, ranking in the bottom 5% for size both on its street and city-wide, which suggests a home designed for essentials without excess. This can be a significant advantage for buyers seeking minimal upkeep, lower utility costs, and a simplified lifestyle. The assessed value is relatively strong for its street (ranking 33rd out of 81), indicating it is perceived as a solid asset within its most direct peer group, even though its value is below average for the wider area and city.

The lot size is near average for Meadowood Drive but smaller than most in the broader region. This points to a manageable yard that requires less maintenance. A thoughtful perspective is that this property, built in 1974, is actually newer than most on its specific street (ranking in the top 7%), which may imply updated core systems compared to immediate neighbours.

This property would best suit first-time homebuyers, downsizers, or investors looking for an affordable entry into the Winnipeg market. It’s for those who prioritize financial efficiency and manageable space over square footage, and who see value in a home that is newer than its immediate surroundings.

Frequently Asked Questions

1. Is this a small house?
Yes. At 720 sqft, the living area is significantly below the average for the street (964 sqft), the Meadowood area (1,114 sqft), and Winnipeg overall (1,342 sqft). It is a compact, efficient layout.

2. How does the assessed value compare?
The $290,000 assessment is around average for Meadowood Drive itself but below the average for the larger Meadowood area and the city. This suggests it is priced accessibly within its most immediate context.

3. What does the lot size mean for maintenance?
The 3,148 sqft lot is close to the average for the street but smaller than many in Winnipeg. This typically translates to less yard work and lower outdoor maintenance costs.

4. The home sold recently. What was the price?
Public records show a sale in 2024 for between $200,000 and $250,000. For the exact sale price, you can request the information via email from the listing service.

5. How does the year built affect the home?
Built in 1974, this home is actually newer than many on its own street. While it is a 52-year-old property, this relative newness compared to direct neighbours could be a positive for the condition of its foundational elements.