83 Meadowbank Road, Winnipeg
Property Overview
This 1,255 sqft home was built in 1994 on a 4,200 sqft lot in the Whyte Ridge neighbourhood. The assessed value is $469,000.
Key Characteristics & Appeal
The property is fairly typical for its street but sits on a noticeably smaller lot compared to the wider neighbourhood. While the house itself is newer than many across Winnipeg (ranking in the top 20% citywide for year built), the lot size is on the smaller side, ranking in the bottom third citywide. This could appeal to buyers who prioritize a more modern, lower-maintenance home over a large yard. The assessed value, while below the Whyte Ridge average, is above the citywide average (top 25%), reflecting the desirability of the area and the home's age. Living space is close to city and street averages, making it a straightforward middle-ground option for space.
Ideal Buyer Profile
This property likely suits a buyer who wants a newer home in a well-regarded Winnipeg neighbourhood without paying for a premium lot. It could be a good fit for a couple or small family looking to trade outdoor space for a more recent build and less yard work. It may also appeal to someone moving from a larger, older home who wants to downsize property maintenance without sacrificing interior comfort. The home occupies a competitive middle ground — not the most spacious or cheapest on the block, but a solid, current-era house in an established area.
Frequently Asked Questions
1. How does the assessed value compare to other homes on the street?
It's close to the street average of $471,100, ranking around the middle. That suggests the valuation is consistent with neighbouring houses.
2. Is a 4,200 sqft lot unusual for Whyte Ridge?
Yes. Most homes in the neighbourhood sit on larger lots (average around 6,175 sqft). This lot ranks in the bottom 7% for the area.
3. What's the advantage of a 1994 build in Winnipeg?
Homes built in the mid-1990s benefited from modern building codes while avoiding some of the materials and techniques common in much older Winnipeg homes. Citywide, most homes are older (average build year is 1966), so this is a relatively newer property.
4. Would the smaller lot affect resale value significantly?
It depends on the buyer pool. Some will see less yard maintenance as a benefit. However, because the lot size is notably smaller than the neighbourhood norm, resale may be slower compared to homes with more typical lots in Whyte Ridge.
5. How does the living area compare to what's typical for the street and area?
It's right around the street average (1,285 sqft). It's smaller than the Whyte Ridge average (1,666 sqft), but that average is inflated by larger, likely older homes in the neighbourhood. For a house of this era, 1,255 sqft is a common and practical size.