445 Meadowood Drive

Property Overview: 445 Meadowood Drive

Section 1: Key Characteristics & Appeal

This 1973-built home in Meadowood presents a compelling mix of space, value, and potential. At 988 sqft, the living area is very typical for its immediate street and neighborhood, offering a manageable footprint. The standout feature is the generous 5,776 sqft lot, which is significantly larger than most on the street and in the wider Meadowood area, providing ample outdoor space for gardening, recreation, or future expansion.

The home’s primary appeal lies in its strong assessed value proposition. It holds the top assessed value on Meadowood Drive itself and sits above average for the neighborhood, suggesting it is well-regarded relative to its local peers. This positions it as a solid, value-retaining asset within its community. However, it’s a home from the early 1970s, so buyers should be prepared for the maintenance or updates typical of its age.

This property would best suit a first-time buyer or a practical downsizer looking for a established, quiet neighborhood. It’s ideal for someone who prioritizes a large yard over a large house and sees the value in a home that stands out positively on local assessments. It’s less suited for those seeking a move-in-ready modern home or maximum interior square footage relative to the city average.

Section 2: Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is a historical snapshot. While a high assessment relative to neighbors can indicate a well-maintained or improved property, the final sale price is determined by the current market. The last known sale was between $300k-$350k in 2017.

2. What does the "below average" ranking for the year built mean?
This simply indicates that on its specific street and in the Meadowood area, most comparable homes were built slightly later (1974-1978 on average). It does not imply the home is unusually old; city-wide, its 1973 build date is very average. It confirms the home is part of the neighborhood's core, established period of construction.

3. Is the large lot a major advantage?
Yes, especially locally. The lot is over 50% larger than the street average. This offers more privacy, space for outdoor activities, and potential for additions like a shed, deck, or garden. It's a feature that is increasingly rare and adds long-term value.

4. The home seems smaller than the Winnipeg average. Is that a concern?
At 988 sqft, it is below the city-wide average for comparable homes. This reflects its location in a neighborhood of modest, older homes. It’s a trade-off: you get a larger lot and strong local value in exchange for a cozier interior footprint typical of the area.

5. What are the next steps to learn more about this property's history?
The exact sale price history is not publicly displayed online. You can request the precise sold price records by emailing the listing service; they provide this detail manually without using your email for marketing spam.