Property Overview & Key Characteristics

This well-situated one-storey home in Meadows offers a practical and comfortable living proposition. Its key appeal lies in a combination of solid fundamentals and relative value within its established neighbourhood. The home sits on a generous 5,398 sqft lot, which is notably larger than many in the immediate area, providing ample outdoor space and potential. The living area of 1,262 sqft is comfortably sized, and the home benefits from a renovated basement, adding functional space. An attached garage adds convenience.

The property’s data suggests it is a stable, established choice rather than a luxury offering. Its assessed value ranks highly compared to most of Winnipeg, indicating recognized worth for its category. The home was built in 1984, making it newer than many in the broader city context, but buyers should anticipate updates consistent with its age. It would suit first-time buyers seeking a move-in-ready home with room to grow, downsizers looking for single-level living without sacrificing yard space, or value-oriented investors attracted by the renovated basement’s income potential and the lot size. A less obvious perspective is that its strong rankings in lot size and assessed value, paired with a modest living area, position it as a "land-value play" with a livable house—an appealing combination for those who prioritize outdoor space or future expansion over sheer interior square footage.

Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics require a viewing, a renovated basement in a home of this era generally means it has been finished into a livable space, potentially including a recreation room, additional bedrooms, or a bathroom. It’s important to verify the quality, permits, and moisture control of the renovation.

2. How does the lot size compare to newer subdivisions?
At over 5,300 sqft, this lot is significantly larger than those found in many modern suburban developments, where lots can be 4,000 sqft or less. This is a major advantage for gardening, privacy, play space, or future additions like a shed or deck.

3. The home is newer than 66% of Winnipeg—what does that mean for maintenance?
While newer than the city's average, a 1984 home will still have core components (like roof, windows, furnace, and plumbing) that are near or past their typical lifespan. A thorough inspection is crucial to budget for upcoming updates, though the major systems may have been replaced already.

4. Who is the typical buyer in this neighbourhood?
Meadows is an established, family-friendly area with a mix of long-term residents and younger families. The profile of this particular home—with its single level and larger lot—could attract both young families and empty-nesters, creating a stable community feel.

5. The assessed value seems high for the area. Is that accurate?
The assessed value is a municipal tool for calculating property tax, not a direct market price. However, its high percentile ranking (top 30% in Winnipeg) suggests the city assesses its value favorably compared to other properties, often based on lot size, improvements like the basement, and overall condition. The final sale price is determined by the current market.