119 Meadowbank Road – Property Summary
Key Characteristics & Buyer Suitability
This is a 1,148 sqft single-family home built in 1993, sitting on a notably large 5,513 sqft lot in the Whyte Ridge area of Winnipeg. The living area is smaller than most homes on its street—ranked 54th out of 55—but the lot is one of the largest on the block, ranking 4th out of 55. The assessed value of $460,000 is slightly below the street average but above the citywide average for comparable homes.
The property’s appeal lies in the unusual combination of a modest footprint and a generous yard. Houses of this era in Whyte Ridge typically have larger floor plans, so this one stands out for someone who values outdoor space over square footage. The home is around average for its neighborhood in terms of age, which means it was built during a familiar, well-established development period in the area. Citywide, the house is newer than most of Winnipeg’s housing stock.
This property would suit buyers who are willing to trade interior space for a sizable, usable lot—people who garden, want room for kids or pets to play, or plan to eventually expand the home. It may also appeal to those looking for a more affordable entry point into a neighborhood where larger, pricier homes dominate. Because the living area is compact relative to its street and area, it could be a good fit for downsizers, minimalists, or first-time buyers who prioritize location and yard size over a big house.
Five Possible FAQs
1. Why is the living area ranked so low on the street if the home itself is average size citywide?
Homes on Meadowbank Road are generally larger than the city average—the street median is about 1,285 sqft. This house is 1,148 sqft, so it's smaller than most of its immediate neighbors. Citywide, however, 1,148 sqft falls right around the median for comparable homes, so it’s not unusually small in a broader context.
2. Is the assessed value of $460,000 a good deal compared to similar homes?
Assessed value isn’t a market price, but it provides a baseline. This home is assessed 2% below the street average, 13% below the neighborhood average, and 18% above the citywide average. That suggests it’s priced moderately for its street and area, but the large lot may add value that the assessment doesn’t fully capture.
3. How does the lot size affect practical use or future potential?
A 5,513 sqft lot is in the top 7% on the street—nearly 1,000 sqft larger than the street average. It’s also slightly smaller than the neighborhood and city averages, but the key point is that this lot is generous for its immediate context. For someone who wants a backyard that feels spacious relative to the neighbors, this is a strong feature. It could also offer room for a future addition, garage, or garden suite, though you’d need to check local zoning.
4. Why is the house only “around average” for its neighborhood in age, but “above average” citywide?
Whyte Ridge was largely built in the early to mid-1990s, so a 1993 home is typical for the area. Across all of Winnipeg, however, the median home was built around 1966. So compared to the city as a whole, this house is relatively new—ranking in the top 21% for newer construction—even though it’s unremarkable within its own neighborhood.
5. Who would this home not be a good fit for?
Buyers expecting a large open-concept floor plan, multiple living areas, or a master suite with a walk-in closet may find the 1,148 sqft layout tight. It’s also not ideal for someone who wants a low-maintenance yard, since the large lot will require upkeep. If interior square footage is a top priority, similar-priced homes elsewhere in the city may offer more space, though likely on a smaller lot and in an older building.