Property Overview: 35 Gosford Avenue, Meadowood

Key Characteristics & Appeal

This 988 sqft bungalow, built in 1974, presents a practical and affordable entry point into Winnipeg’s Meadowood neighbourhood. Its core appeal lies in value and stability. The home’s assessed value ranks notably high for its street (top 17%), suggesting it is viewed favorably relative to its immediate peers, while its living space is typical for the area. The lot, at 4,832 sqft, is smaller than most on Gosford Avenue but is close to the city-wide average, offering manageable outdoor space with less maintenance burden.

This property would suit first-time buyers or downsizers seeking a straightforward, single-level home in an established community. It’s a sensible choice for those prioritizing financial predictability—the above-average assessment for the street indicates a solid foundation of value—over larger square footage or expansive yards. The 2019 sale price range suggests a history of steady market interest, making it a candidate for buyers focused on fundamentals rather than luxury features.

Frequently Asked Questions

1. How does the assessed value compare to likely market price?
The assessed value is a figure for municipal taxation. While it indicates the city’s valuation relative to neighbours, market price is determined by current buyer demand, condition, and recent sales. The home’s assessed value is strong for its street, which is a positive baseline, but a professional appraisal and market analysis are needed for an accurate listing or offer price.

2. Is the smaller lot size a significant drawback?
It depends on your priorities. While it’s the smallest lot on Gosford Avenue, it is near the city-wide average. This means lower maintenance costs and less yard work, which can be an advantage for many. If a large private garden or extensive outdoor space is essential, it may be a limitation.

3. What does the "top 75%" ranking for city-wide living area mean?
This means the home’s living area is smaller than approximately 75% of comparable homes across Winnipeg. Simply put, it’s a compact home by overall city standards but is very much in line with the typical size found in the Meadowood neighbourhood itself.

4. The home is over 50 years old. What should I consider?
A home from this era may have original components, like windows, roofing, or major systems, nearing or exceeding their typical lifespan. A thorough inspection is crucial to understand the condition of these elements and to budget for potential updates, which can also be an opportunity to add personal value.

5. How can I find out the exact historical sale price?
The provided sale price is a public data range. As noted on the listing, you can request the exact sale price by emailing the source directly. They provide this specific data manually upon request.