7 Meadowbank Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1,257 sqft single-family home on a 4,200 sqft lot, built in 1992. Located in the Whyte Ridge neighborhood, it sits on Meadowbank Road.
Where the appeal lies: The property holds up well when compared across the entire city. Its assessed value ranks in the top 25% citywide, and the home itself is newer than roughly 79% of Winnipeg homes. The living area is right around the city average. What stands out less obviously is the trade-off between size and value: the lot is smaller than most in Whyte Ridge (bottom 93% in the neighborhood) but the price per square foot, based on assessed value, appears to be lower than many nearby homes. For someone who wants a well-maintained, reasonably modern home in an established suburb without paying a premium for a large yard, this could be a sensible middle ground.
Who it would suit: Buyers who prioritize a newer build and a manageable lot over maximum square footage or land area. It’s a good fit for someone who wants a solid, average-sized home in a decent citywide value tier, rather than chasing top rankings within the immediate neighborhood. First-time buyers or downsizers may find the balance appealing, provided they’re not attached to having a big backyard.
Frequently Asked Questions
1. How does the assessed value compare to the neighborhood average?
The assessed value is $468k, which is below the Whyte Ridge average of $529.6k. However, citywide it ranks in the top 25%, meaning it’s above average compared to most homes in Winnipeg. The home is priced more in line with street-level averages than the pricier neighborhood norm.
2. Is the lot size unusually small for the area?
Yes, the lot is 4,200 sqft, which puts it in the bottom 7% of Whyte Ridge. The neighborhood average is 6,175 sqft. If yard space is a priority, this property will feel compact compared to neighboring homes.
3. How old is the house relative to others on the street and in the city?
Built in 1992, it’s one of the older homes on Meadowbank Road (bottom 13% on the street), where the average build year is 1994. However, it’s considerably newer than the Winnipeg average build year of 1966, putting it in the top 21% citywide.
4. Does the living area feel small compared to the city or just the neighborhood?
The 1,257 sqft is very close to the citywide average (1,342 sqft), so it won’t feel cramped by Winnipeg standards. But it is noticeably smaller than the Whyte Ridge average of 1,666 sqft, so buyers moving within the neighborhood should expect a lower square footage than many surrounding homes.
5. How does this property rank overall—what do the percentage rankings mean?
Each ranking shows what percentage of comparable homes this property outperforms. A lower percentage (like top 83% in neighborhood living area) means it ranks lower; a higher percentage (like top 21% citywide for year built) means it ranks better. In simple terms: this home is strongest in citywide value and age, average in size, and weakest in lot size and neighborhood standing.