Key Characteristics & Buyer Profile
82 Meadowbank Road is a 1993-built home with 1,217 sq ft of living space and a 4,200 sq ft lot. Its standout feature is property tax assessment: at $483,000, it ranks in the top 27% on its street and top 23% citywide—well above Winnipeg's average of $390,000. This suggests strong assessed value relative to its size and age.
The living space is close to the street average but noticeably below the Whyte Ridge community average of 1,666 sq ft, putting it in the bottom 9% of the neighbourhood. The lot (4,200 sq ft) is similarly modest for Whyte Ridge, where the typical lot is about 6,175 sq ft.
Where the appeal lies: The property offers good value within its immediate street context—it's priced above average on Meadowbank Road despite being slightly smaller than nearby homes. This may reflect finishes, condition, or location within the street. Buyers who prioritize a manageable footprint and lower maintenance over the larger lots and square footage typical of Whyte Ridge may find it practical.
Who it suits: First-time buyers or downsizers who want a house that’s newer than most Winnipeg properties (built 1993 vs. city median of 1966) but aren’t looking for a large family home. It also suits those who value assessed tax stability—since the valuation is already elevated, future increases may be more moderate. Not ideal for buyers seeking the spacious lots or living areas typical of the surrounding neighbourhood.
Frequently Asked Questions
1. How does this home compare to others on Meadowbank Road?
It’s slightly below average in size (1,217 sq ft vs. street average 1,285 sq ft) but above average in assessed value ($483K vs. $471K). This means it likely has features or condition that push its worth higher than its floor plan alone suggests.
2. Is the lot too small for a typical Whyte Ridge property?
Yes—4,200 sq ft is significantly smaller than the community average of 6,175 sq ft. It places the home in the bottom 7% of Whyte Ridge for lot size. If outdoor space is a priority, this is a limitation. If low yard maintenance matters more, it’s an advantage.
3. How does the assessed value relate to actual market price?
Assessed value is not the same as market price—it’s used for tax calculation and often lags behind market conditions. The fact that it’s above street average suggests the city views this property as having solid value, but you’d still need a market appraisal to gauge a realistic sale price.
4. What does the 1993 build year mean for maintenance and updates?
At roughly 30 years old, major systems like roofing, windows, or HVAC may be original or nearing replacement. That said, 1993 construction is newer than most Winnipeg homes (median build is 1966), so it may avoid some older-home issues like knob-and-tube wiring or foundation shift common in pre-1960s builds.
5. How does this property fit into the broader Winnipeg market?
Citywide, it’s very close to the median for living space (1,217 vs. 1,342 sq ft) and above average for assessed value. It’s also much newer than the typical Winnipeg home. This places it as a solidly middle-of-the-pack home citywide, with a slight edge in tax valuation and age.