Property Overview

This 1975 bungalow at 94 Willowmeade Crescent in Winnipeg's Meadowood neighbourhood presents a specific value proposition defined by its contrasts. The home itself is modest at 892 sq ft, placing it in the smaller tier for the street, area, and city. However, it sits on a notably larger-than-average lot of 6,607 sq ft, ranking in the top 15% for the Meadowood area. Its assessed value is consistently around the average for its immediate context. The home last sold for an estimated $250k-$300k in 2016.

Key Characteristics & Appeal

The primary appeal of this property lies in its land. The lot size is a significant asset, offering ample outdoor space for gardening, recreation, or future expansion in a mature neighbourhood. This creates an interesting dynamic: you're purchasing a smaller, efficient home on a generous parcel of land. Its assessed value being "around average" despite the below-average living area suggests the lot is a key contributor to its valuation.

This home would suit a first-time buyer, downsizer, or investor looking for a lower-maintenance interior footprint without sacrificing yard space. It’s a practical entry into homeownership in a settled area, where the value is anchored more in the land than the structure. A thoughtful perspective is that this property offers the potential for future value addition—whether through a renovation, addition, or simply the enjoyment of a large private yard that is increasingly rare in newer subdivisions.

Frequently Asked Questions

1. Is the house in good condition for its age?
As a 51-year-old home, a professional inspection is essential. The data doesn't provide condition details, so the state of major systems like roof, plumbing, electrical, and foundation will be crucial factors in its value and any needed investment.

2. Why is the living area below average but the lot size above average?
This is characteristic of many older neighbourhoods. Homes were often built with larger lots, and this particular property may be a more compact bungalow style compared to later additions on the street. It highlights the trade-off: less house, more land.

3. How does the 2016 sale price relate to today's value?
The estimated $250k-$300k sale price from 2016 is a historical marker. Current market conditions, updates made to the property since then, and overall demand will determine its present value. This data point is useful for understanding past market activity but not for setting a current price.

4. What does the "Elite" ranking for Year Built on its street mean?
It simply means it is one of the newest homes on Willowmeade Crescent, ranked 1 out of 44 for its recent build year (1975). This indicates the street is comprised of older homes, with 1975 being the newest construction date among the compared properties.

5. Can the large lot be subdivided or developed?
This is a critical question for a lot of this size. Any subdivision or development would be subject to the City of Winnipeg's zoning bylaws, regulations, and approval processes. A buyer should consult directly with the city's planning department to understand the specific possibilities and restrictions for this parcel.