Property Overview: 455 Wales Avenue, Winnipeg

Key Characteristics & Appeal

This home at 455 Wales Avenue in Meadowood is defined by its modern build and efficient use of space. Built in 2021, it is a notably new construction for the area, ranking in the top 1-2% for its year built when compared to its street, neighbourhood, and the wider city. This translates to likely lower maintenance costs, modern building standards, and contemporary interior finishes.

The 1,400 sqft living area is comfortably above average for both the street and Meadowood, placing it in the top 12% locally. This suggests a well-sized interior that maximizes its footprint. The assessed value is also consistently above local averages. However, the lot size of 2,600 sqft is smaller than typical for the area, indicating a property designed for low-maintenance outdoor living rather than extensive gardens or expansion.

Its primary appeal lies in offering a modern, move-in-ready home in an established neighbourhood—a relatively rare find. It would suit first-time buyers or downsizers seeking a newer build without the wait or uncertainties of new construction, and owners who prefer spending less time on yard work. A thoughtful perspective is that this property represents a trade-off: you gain a modern, efficient home but with less land, making it ideal for those valuing interior space and modern amenities over a large lot.

Frequently Asked Questions

1. What does the "Elite" ranking for Year Built mean?
It means this 2021-built home is among the newest properties in its comparison groups. On its street and in Meadowood, it is literally the #1 newest home ranked, making it a standout for buyers seeking a recent build.

2. The living area is above average, but the lot is below average. How does this balance out?
This indicates a home designed with a focus on interior space and modern efficiency. You get a generously sized living area on a more manageable, low-maintenance lot. It’s a profile that prioritizes the home itself over the land.

3. Why is the city-wide average assessed value so much higher ($390k)?
The city-wide average includes all home types across all neighbourhoods. The local averages (around $37k) are more relevant for comparison, as they reflect similar properties in similar areas. The home’s value is consistently above these local benchmarks.

4. How reliable are the sold price ranges shown?
The ranges are based on available public data. For the exact historical sold price, you must request it via the provided email service, which manually confirms the accurate figure from official records.

5. What are the implications of such a new home in an older neighbourhood?
Benefits include modern insulation, wiring, and plumbing, potentially leading to lower utility and repair costs. A less obvious consideration is that property taxes might be assessed differently compared to older homes, and the architectural style may contrast with neighbouring houses.