Property Overview

This home at 467 Wales Avenue in Winnipeg's Meadowood neighbourhood presents a distinct profile. Built in 2020, it is a notably modern property in an area of mostly older homes. Its key appeal lies in its move-in-ready condition and efficient use of space, offering above-average living area on a more compact lot. The data suggests it's a property of contrasts: modern and spacious inside relative to its immediate peers, yet situated on a smaller parcel of land.

Key Characteristics & Ideal Buyer

The standout feature is the home's age. Built just six years ago, it ranks in the top 1% of homes in Meadowood and the top 3% city-wide for newness, meaning major systems, finishes, and the roof are all under a decade old. This is paired with a living area (1,410 sq ft) that is generous for the street and neighbourhood, ranking in the top 3% and 11% respectively. Essentially, you get a newer, well-sized home without the premium often attached to a brand-new build.

The trade-off is land area. The lot is compact at 2,600 sq ft, which is below average for the area. This limits expansive outdoor possibilities but translates to lower maintenance. The assessed value is above average for the street and neighbourhood, reflecting its modern build and size.

This property would best suit buyers prioritizing a low-maintenance, modern interior over a large yard. It’s ideal for professionals, small families, or downsizers who want contemporary finishes without renovations, and who prefer spending less time on landscaping. It’s a practical choice for those seeking value in the structure itself rather than the land.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average home value shown?
The city-wide average assessed value of $390k listed is for all "comparable homes" across Winnipeg, which includes a vast range of properties. The more relevant figures are the local comparisons: the home's assessed value is above the averages for both Wales Avenue and the broader Meadowood area.

2. What does the compact lot size mean for me?
It primarily means less yard maintenance and limited potential for additions like a large deck, pool, or extensive gardening. It may also mean homes are closer together. For buyers who prefer low-maintenance outdoor space or who prioritize indoor living area, this can be a benefit rather than a drawback.

3. The home sold in 2020. Is the price history available?
Exact sold prices are not published in the public data here. The service offers to provide the exact historical sale price manually via email upon request, at no cost and with no marketing spam.

4. How does a 2020-built home fit into an older neighbourhood like Meadowood?
It offers immediate modern comforts (contemporary wiring, insulation, windows) in an established community. A less obvious perspective is that it may have different architectural styles than its neighbours, which could be a positive or negative depending on your taste for character versus consistency.

5. The rankings show "Elite" for Year Built. How significant is that?
It's highly significant for maintenance and efficiency. Being newer than 99% of homes in Meadowood suggests you are far less likely to face near-term costly replacements for major components like the furnace, roof, or siding, which can be a major financial advantage over buying an older home.