Property Overview: 54 Meadow Lake Drive, Winnipeg
Key Characteristics & Appeal
This 1,150 sqft bungalow, built in 1983, sits on a notably generous 6,959 sqft lot in the Meadows neighborhood. Its primary appeal lies in the land itself—the lot size ranks in the elite top 5% on its street and the top 11% within the broader Meadows area, offering substantial outdoor space that is increasingly rare. The home's living area and assessed value are consistently above average for its immediate street, suggesting it's a solid, well-regarded property in its specific locale.
This property would best suit a buyer who values space and potential over turn-key perfection. It's ideal for someone with a vision for landscaping, gardening, or future expansion, where the large lot is the main asset. It also fits a practical buyer looking for a home that holds its own on a desirable street, possibly as a long-term hold in a stable neighborhood. The data suggests you're buying into a good micro-location on Meadow Lake Drive, where the property outperforms its direct neighbors, even if it blends in more when compared to the entire city.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a standout feature at nearly 7,000 sqft. It is significantly larger than most on its street and in the Meadows area, ranking in the top 5% and 11% respectively. This offers exceptional outdoor space.
2. Is the home's size smaller than average?
Within the immediate neighborhood (Meadows), the living area is right around the median. On its own street, it is actually above average. While smaller than the city-wide average home, it is typical for its specific community.
3. What does the assessed value indicate?
The assessed value of $39,200 is above the street average and median for the Meadows area. This generally suggests the property is in line with or slightly better than local norms for valuation purposes, not that it is undervalued.
4. The home was built in 1983. Is that a concern?
The age is typical for the street but is slightly older than the average home in the broader Meadows area. This is common for established neighborhoods and indicates potential for updates. Systems like roof, furnace, and windows should be carefully evaluated.
5. Where can I see more detailed comparisons with nearby homes?
You can use the provided link to open the neighbourhood analysis page, which maps nearby properties and allows you to compare details like year built, living area, and lot size side-by-side. For exact historical sold prices, you can request that information via email from the site.