Property Overview & Key Characteristics

This home at 72 Homewood Drive in Winnipeg's Meadowood neighbourhood presents a solid, middle-of-the-road offering. Built in 1981, it is newer than many homes on its street and in the broader area, suggesting potentially fewer immediate concerns with aging infrastructure. With 1,108 sqft of living space, it offers a practical footprint that is very typical for Meadowood and the city overall, suited for a small family, couple, or first-time buyer.

Its appeal lies in its established location and clear value positioning. The assessed value is notably above average for the Meadowood area, which can indicate a well-maintained property or desirable lot attributes relative to its neighbours. However, the lot size is slightly smaller than others on Homewood Drive, which may mean less yard maintenance but also less private outdoor space. This combination points to a home that is a competent performer within its immediate community rather than a standout in any single category.

It would best suit a value-conscious buyer looking for a move-in ready home in a mature neighbourhood without extreme highs or lows. It’s a pragmatic choice for those prioritizing a newer build year in an established area and a property that holds its value well within the local context.

Frequently Asked Questions

1. How does the lot size impact the property?
At 5,198 sqft, the lot is smaller than the average on Homewood Drive but typical for Meadowood overall. This likely means a more manageable yard for maintenance, but may offer less privacy or space for expansions like a large deck or addition compared to some direct neighbours.

2. The assessed value is high for Meadowood. What does that suggest?
An assessed value ranking in the top 12% for the area often reflects a combination of factors like the home's condition, updates, and specific lot features. It suggests the property is considered above average for this neighbourhood, which can be a positive indicator for upkeep and relative value retention.

3. What are the implications of the 1981 build year?
Being built in 1981 places this home in an era after some older construction methods but before many contemporary energy efficiency standards. Key components like the roof, windows, and major mechanical systems (furnace, electrical) may be due for inspection or updates, given the home's age.

4. How does the living area compare to nearby homes?
At 1,108 sqft, the living space is very close to the Meadowood average (1,114 sqft) but slightly below the average for its own street. This indicates the home's size is perfectly typical for the wider area but may feel modest compared to some immediate neighbours.

5. Where can I see more detailed comparisons for this property?
A dedicated neighbourhood analysis page is available, showing this home on a map alongside nearby properties with detailed comparisons for year built, living area, assessed value, and lot size. You can access it via the link provided in the full property details.