Property Overview
64 Lynn Lake Drive presents a well-maintained, single-family home built in 1984 in Winnipeg's Meadows neighbourhood. Its key appeal lies in its balance of a modest, manageable footprint and a stable, established community setting. The home is notably compact at 878 square feet of living space, which is below the average for the area, suggesting a focus on efficiency and low-maintenance living. The lot size of 5,400 sqft is consistent with the neighbourhood and offers typical suburban outdoor space.
The property’s assessed value is firmly in the middle range for its immediate street and wider area, indicating a fair and predictable market position without premium pricing. A thoughtful perspective is that this home represents a classic "starter" or "downsizer" opportunity: it’s not the largest or newest, but it offers solid fundamentals without the premium cost associated with top-tier rankings. It would suit first-time buyers seeking an affordable entry into homeownership, investors looking for a stable rental property, or empty-nesters wanting to simplify without leaving a familiar community environment.
Frequently Asked Questions
1. How does the home's size impact its value and livability?
While the living area is below average for the city, it is a defining characteristic that contributes to its affordability and lower utility costs. It suits those who prioritize a simpler, more efficient layout over spaciousness.
2. What does the assessed value tell me about the property taxes?
The assessed value is around the median for the area, suggesting property taxes will be fairly typical for the Meadows neighbourhood. It’s neither unusually high nor low.
3. The home was built in 1984. Should I be concerned about major repairs?
As a home over 40 years old, key systems like the roof, windows, and furnace may be nearing or past their typical lifespan. A thorough inspection is advised to budget for potential updates, though the home's age is very standard for this street.
4. How does the last sold price (2020) relate to today's likely value?
The home sold for an estimated $300k–$350k in 2020. This provides a historical benchmark, but current value will be influenced by market conditions, updates made since then, and the home's consistent middle-of-the-road assessed value.
5. Is the lot size a pro or a con?
At 5,400 sqft, the lot is very typical for the Meadows area. It provides adequate private outdoor space for gardening or recreation without the extensive maintenance required by larger lots, striking a practical balance.