Property Overview & Key Characteristics
This home at 88 Lynn Lake Drive in the Meadows neighborhood presents a compelling value proposition centered on space and established community. Its primary appeal lies in its above-average living area of 1,569 sq ft, which ranks in the top 9% for its immediate street and the top 27% for both the neighborhood and the wider city. This means you get significantly more interior space than many comparable homes. Built in 1985, it is also notably newer than many homes on its street and across Winnipeg.
The lot size of 5,400 sq ft is consistent with the local area, offering standard outdoor space. The assessed value is typical for the vicinity, suggesting the property is priced in line with its immediate market rather than carrying a premium for its larger footprint. A less obvious perspective is that this combination—generous interior space on a standard lot in a mature neighborhood—often appeals to those who prioritize room to grow or live comfortably indoors over extensive yard maintenance, without the premium of a brand-new build.
This property would suit practical buyers looking for a value-oriented, move-in-ready home with ample room for a family. It’s ideal for someone who wants more square footage for their budget in a settled area, and who appreciates a home that has stood the test of time in a community of similar vintage.
Frequently Asked Questions
1. How does the home’s size truly compare to others?
The living space is a standout feature. It is larger than approximately 91% of similar homes on Lynn Lake Drive and about 73% of homes in both the Meadows area and the entire city, offering more interior room than most.
2. What does the assessed value tell me about the property?
The assessed value is around the local average, indicating the property is not overvalued relative to its immediate peers. This can sometimes present an opportunity, as the above-average living space isn’t dramatically inflating its official valuation compared to neighbors.
3. Is a 1985-built home considered old?
In context, no. On its street, it ranks in the top 14%, meaning it is newer than 86% of nearby homes. City-wide, it’s also above average in age ranking. This suggests a well-established home in a mature neighborhood, not an outdated property.
4. What was the last sale price?
Public records indicate it last sold between 2019 for a price in the range of CA$300,000–350,000. For the exact historical sale price, you can request details via email from the listing service.
5. What are the less obvious trade-offs of this property?
The home offers more interior space on a lot that is standard for the area. The trade-off is typically less potential for expansive outdoor additions compared to homes on larger lots, but it also means less yard upkeep. Its "around average" valuation in the area suggests you're paying for space and practicality rather than premium lot size or a brand-new construction status.