Property Overview: 46 North Meadow Drive, Winnipeg

Key Characteristics & Appeal

This home at 46 North Meadow Drive in the Meadows neighbourhood is a study in comfortable, established living. Built in 1985, its key metrics consistently place it as a solidly average property within its immediate street and neighbourhood context. With 1,056 sqft of living space and a 3,598 sqft lot, it offers a practical footprint for a smaller household. Its assessed value is notably proportionate and stable relative to nearby homes.

The primary appeal lies in its predictability and neighbourhood integration. It’s not an outlier in size, value, or age compared to its direct peers on North Meadow Drive, suggesting a well-matched home in a settled area. This makes it a straightforward, lower-risk consideration. The property would suit first-time buyers or downsizers seeking an affordable entry into a mature neighbourhood without unexpected premium costs. A thoughtful perspective is that its "average" standings can be a strength, indicating a lower likelihood of overpaying relative to the immediate area or facing unusual property tax assessments compared to neighbours.

Frequently Asked Questions

1. How does this home’s value compare to recent sales?
The home sold in the $450k-$500k range in 2022, which placed it in the top 17% of sale prices for both its street and the broader Meadows area at that time. This indicates it commanded a strong market price relative to its peers during that sale.

2. Is the lot size a disadvantage?
The lot of 3,598 sqft is below the average for the larger Meadows area and Winnipeg overall. However, on its own street, it is very close to the average. This means outdoor space is more typical for North Meadow Drive but more compact than many other parts of the city.

3. What does the assessed value tell me?
The assessed value of $36,300 is consistently around the average for the street, neighbourhood, and city for comparable homes. This suggests the property is not under or over-assessed in a way that would be atypical, providing tax cost predictability.

4. How does the age of the home factor in?
Built in 1985, the home is of a very typical age for its neighbourhood. Interestingly, compared to the entire city, it ranks in the top 29% for year built, meaning it is newer than about 71% of comparable Winnipeg homes—a less obvious advantage in a city with many older properties.

5. Where can I see more detailed context for this property?
A dedicated neighbourhood analysis page is available to view this property on a map alongside nearby houses, allowing for direct visual comparison of year built, living area, assessed value, and lot size.