Property Overview: 114 Sanford Fleming Road, Meadows, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a compelling profile defined by clear contrasts. Its primary strength is its generous 1,187 sqft living area, which ranks in the top 3% on its street and is notably larger than many comparable homes in the immediate area. This suggests a well-sized interior layout that is above the norm for the neighbourhood. The home was built in 1978 and sits on a 2,999 sqft lot.

The appeal lies in its value proposition. The assessed value is notably low—ranking in the bottom 14% in the Meadows area—which typically translates to lower property taxes. This creates an opportunity for buyers seeking more interior space without the corresponding tax burden of a higher assessment. It suits practical buyers, such as first-time homeowners or investors, who prioritize usable square footage and operating cost efficiency over a large yard or a new build. It’s a property for those who see potential in the existing structure and are comfortable with a home of this vintage, possibly viewing the lower assessment as room for value growth through updates.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
Assessment is based on a mass appraisal system considering factors like location, age, size, and recent sales. While this home has good living space, its older age, smaller lot for the area, and specific market conditions in the Meadows neighbourhood contribute to its current assessed value.

2. How does the previous sold price (2022, CA$250k–300k) relate to today’s value?
The past sale provides a historical benchmark, but current market conditions, interest rates, and any changes made to the property since 2022 will determine its present market value. It is essential to get a current comparative market analysis.

3. What does the "top 3%" ranking for living area on the street mean?
This statistic means that, among the 36 comparable homes on Sanford Fleming Road, this property has more living area than 97% of them. It is the largest or one of the largest homes by interior space on this specific street.

4. Are the lower rankings for year built and land area a concern?
They are important factors to consider. A 1978 build means buyers should budget for maintenance and potential updates common to homes of that era. The lot size is smaller than most in the broader Meadows area, which limits outdoor space but may appeal to those seeking lower-maintenance yard work.

5. How can I find out the exact historical sold price?
The exact sold price is not publicly displayed due to data licensing. You can request it directly via the email prompt on the property detail page. The service provider will manually send the accurate figure, typically by the end of the same business day.