Property Overview: 46 Willowmeade Crescent, Meadowood, Winnipeg

Section 1: Key Characteristics & Appeal

This 1974-built home in Meadowood presents a solid, middle-ground opportunity in the Winnipeg market. With 1,040 sqft of living space on a 5,497 sqft lot, its primary appeal lies in its established neighbourhood setting and its relative standing among comparable properties. The home's living area is notably above average for its immediate street, ranking in the top 27% of 44 homes on Willowmeade Crescent. This suggests a slightly more spacious footprint than its closest neighbours.

The assessed value of $38,800 aligns closely with averages for both the street and the broader Meadowood area, indicating a property that is fairly valued within its context. Its last recorded sale in the 2022-2025 period fell between $450,000 and $500,000, a price point that performed well against area and city-wide benchmarks at the time.

This property would suit a practical buyer looking for a home in a mature neighbourhood without extreme outliers in size, value, or lot dimensions. It’s a candidate for someone who values a stable community character over a brand-new build, and who may see potential in a home that offers a bit more interior space than others on the same block. It represents a classic Winnipeg trade-off: the benefits of an established area with homes from the 1970s, balanced against the maintenance or updates that may come with a 52-year-old structure.

Section 2: Frequently Asked Questions

1. How does this home’s size truly compare to others?
While its 1,040 sqft is around the middle of the pack city-wide, it ranks in the top third for size on its own street. This means it likely feels more spacious than many of the houses immediately surrounding it, a subtle advantage in an established neighbourhood.

2. What does the assessed value tell me about the property taxes?
The assessed value of $38,800 is used to calculate municipal property taxes. It is consistently "around average" compared to the street, neighbourhood, and city, suggesting your tax burden should be typical for a home of this type in Winnipeg, not disproportionately high or low.

3. The home was built in 1974. What should I consider?
Homes from this era often have solid construction but may require updates to major systems like wiring, plumbing, windows, or insulation. A thorough inspection is key to understanding the condition of these components and planning for any modernizations.

4. The last sold price range seems higher than the assessed value. Why?
Assessed value is for municipal taxation and often lags behind the actual market value determined by buyer demand. The sold price range from 2022-2025 reflects what a buyer was willing to pay in the open market at that time, which is typically a more current indicator of worth.

5. How usable is the lot, and what are the comparisons based on?
The 5,497 sqft lot is just under average for the city but fairly standard for Meadowood. The ranking compares the raw square footage. Its usability depends on factors like shape, topography, and the home's placement on the lot—details best evaluated in person or via a survey.