Property Overview & Appeal
This home at 111 Lynn Lake Drive presents as a quintessential, well-established property in the Meadows neighborhood. Built in 1984, its key characteristics—a 1,040 sqft living area on a 5,097 sqft lot—consistently rank around the average for its immediate street and local area. This underscores its role as a typical, no-surprises home in this community. Its appeal lies in this very consistency and stability; it’s a known quantity in a mature setting. The assessed value is notably below the area average, which could indicate a different valuation approach or present an opportunity.
The property would suit first-time buyers or practical downsizers looking for an affordable entry into a settled Winnipeg neighborhood without extreme outliers in size or value. It’s for those who prioritize community familiarity over standout features, and for buyers who see potential in a home that may be undervalued relative to its immediate neighbors.
Frequently Asked Questions
1. Why is the assessed value below the neighborhood average?
While the home's assessed value is around average city-wide, it ranks below the average for the Meadows area. This can sometimes reflect the specific methodology of property assessment, which considers many factors. It’s a point for discussion with a real estate professional to understand if it represents a potential value opportunity.
2. How does the age of the home affect its condition?
At 42 years old, this home is newer than the Winnipeg city average. While major components like the roof, windows, and HVAC system may have been updated, a pre-purchase inspection is essential to understand the condition and timing of any upcoming maintenance typical for a house of this era.
3. What does the "around average" size mean for living space?
With 1,040 sqft, the living area is very typical for Lynn Lake Drive. This generally indicates a manageable layout suitable for a small family or couple, but it may lack the expansive spaces found in newer subdivisions. The lot size is also consistent with the area, offering standard outdoor space.
4. Can I find out the exact historical sale price?
The listed sale price is a range based on public data. The exact sold price is available by request via email from the listing service, which they provide manually without using your contact information for marketing.
5. How does this home compare to others on the street?
The data shows this property is consistently mid-range on its own street for size, lot, value, and age. This suggests a uniform, established streetscape without extreme variations, which often contributes to neighborhood stability and predictable property values.