Property Summary: 499 Woodydell Avenue, Meadowood, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 499 Woodydell Avenue is a classic Meadowood bungalow built in 1973, offering a practical and grounded living proposition. With just over 1,000 square feet of living space and a 5,271 sqft lot, its size is very typical for its immediate street and neighborhood, positioning it as a comfortable, no-fuss option rather than a standout in terms of scale.

The appeal here lies in its established location and relative value. The home’s assessed value ranks above average on its own street, suggesting it may be perceived as a well-maintained or updated property among its direct peers. For a buyer, this indicates a home that holds its own in a mature, stable setting. It would suit first-time buyers seeking an entry into a settled community, downsizers looking for a manageable property without leaving the neighborhood, or pragmatic investors interested in a reliable rental property with steady fundamentals. A thoughtful perspective is that while its size is modest city-wide, this can translate to lower utility costs and less maintenance, appealing to those prioritizing efficiency and simplicity over sheer space.

Section 2: Frequently Asked Questions

1. How does this home compare to others in Meadowood?
The home is very aligned with Meadowood averages for living area and lot size. Its assessed value is also around the neighborhood average, though it is newer than about 76% of comparable area homes, which can be a positive for systems and structure.

2. What is the likely property tax based on the assessed value?
Property tax is calculated by applying the City of Winnipeg's annual mill rate to the assessed value. With an assessed value of $38,200, you can estimate taxes by multiplying this by the current mill rate (e.g., approximately 1.3% to 1.5%), resulting in an estimated annual tax typically between $500 and $575.

3. The home sold between $300k-$350k in 2020. What does that tell us?
This past sale price provides a historical benchmark. Comparing it to the current assessed value is important, as assessments are for taxation and may differ from market value. This history suggests the home has been on the market in the recent past, so inquiring about updates made since 2020 is advisable.

4. Is the lot size a pro or a con?
At just over 5,000 sqft, the lot is slightly below the street average but very close to the neighborhood average. It provides ample yard space for gardening or recreation without the burden of extensive landscaping maintenance, a balance many buyers appreciate.

5. Where can I see more detailed comparisons with nearby homes?
The listing references a "neighbourhood analysis page" that maps nearby properties, allowing you to visually compare specifics like year built, lot size, and assessed value. This can help you understand the property's context beyond simple statistics.