Property Summary

Key Characteristics & Buyer Profile

This is a 1972 home with 950 square feet of living space—smaller than most around it. On Greenwood Avenue in Meadowood (Winnipeg), it sits in the bottom quarter for living area compared to street and area averages. The land, however, is a different story: at 5,201 square feet, the lot is above average both locally and citywide, placing it in the top half nationally. The assessed value of $349,000 is close to the street median but below the citywide average of $390,100.

The appeal here isn’t the interior square footage—it’s the land-to-house ratio. Buyers who prioritize yard space, garden potential, or future expansion will find more value than those seeking a spacious interior right now. The home’s age (1972) is typical for the area, so renovation costs should be expected. This property suits someone willing to trade immediate livable space for a larger lot in an established neighbourhood—first-time buyers with renovation plans, downsizers wanting outdoor room, or investors looking for a property where the land may hold more long-term value than the house itself.

Five Possible FAQs

1. Is the small living area a dealbreaker?
It depends on your needs. At 950 sqft, this home is smaller than 79% of houses on the same street. If you need large bedrooms or an open-concept main floor, it may feel tight. But the lot gives you options—some buyers use it for a workshop, garden, or future addition.

2. How does the assessed value compare to similar homes nearby?
The value is slightly below the street average ($360,600) and below the Meadowood area average ($375,600). It’s also under the citywide median. That suggests the listing price may be more negotiable, especially if the interior needs updates.

3. What’s the condition of a house built in 1972?
That depends on maintenance, not just age. Many 1972 homes in Meadowood have had updates over the decades, but some still have original systems (furnace, roof, windows). A thorough inspection is essential—particularly for electrical, plumbing, and insulation standards from that era.

4. Is the land size actually usable?
At 5,201 sqft, it’s bigger than half the lots in the area. That’s enough for a decent backyard, a garden, or even a small detached structure (check local zoning). But it’s not oversized—you won’t have acreage-style space. Think functional, not sprawling.

5. How does this property compare to others in Winnipeg overall?
By citywide rankings, it’s in the bottom 21% for living area and bottom 46% for assessed value. The land is right at the median. So it’s a smaller, more affordable home on an average lot—nothing flashy, but with solid land value relative to the structure.