Property Overview: 207 Lynn Lake Drive, Meadows, Winnipeg
Key Characteristics & Appeal
This home at 207 Lynn Lake Drive presents a compelling blend of space and value within the Meadows neighborhood. Built in 1986, it is notably newer than most homes on its own street. The property’s standout feature is its generous 7,200 sqft lot, which ranks within the top 5% on Lynn Lake Drive and the top 9% in the broader Meadows area, offering significant outdoor potential. With 1,040 sqft of living space, the home is comfortably sized and aligns with the averages for its immediate vicinity.
The appeal here is grounded in value and potential. The home’s assessed value is below the area average for Meadows, which may indicate an opportunity for buyers comfortable with a property that might benefit from updates. It suits first-time buyers or practical investors looking for a home with a sizable yard in an established neighborhood, where the land itself is a prime asset. A thoughtful perspective is that while the interior space is average, the superior lot size offers room for expansion, gardening, or outdoor living—a growing priority for many.
Frequently Asked Questions
1. How does the home’s assessed value relate to its likely selling price?
The assessed value is for municipal tax purposes and is often different from market value. This home’s assessed value is below the Meadows area average, but market price will be determined by current condition, market trends, and buyer demand.
2. What does it mean that the home is “newer” than others on the street?
Built in 1986, this home is among the most recently constructed on Lynn Lake Drive. This can sometimes mean newer building materials, floorplans, or systems compared to neighboring houses, but a specific inspection is needed to confirm the state of major components like the roof, windows, and furnace.
3. Are there known recent sold prices for this specific home?
Public records indicate the home sold between CA$250k–300k in 2019. For the exact historical sold price, you can request the information directly via the provided email service on the listing page.
4. With a larger-than-average lot, are there any restrictions on what I can build?
While the lot size offers great potential, any new structures, additions, or pools would require permits and must comply with Winnipeg’s zoning bylaws. It’s advisable to consult the City of Winnipeg’s planning department for specific regulations.
5. The living area is noted as “around average.” Is the layout efficient for a family?
At 1,040 sqft, the home provides standard space for a smaller family or couple. The actual flow and room sizes are not detailed in the metrics; viewing the property in person or examining a floor plan is essential to determine if the layout meets your needs.