Property Overview: 223 Lynn Lake Drive, Meadows, Winnipeg
Key Characteristics & Appeal
This 1,048 sqft bungalow, built in 1986, presents a compelling opportunity in Winnipeg's Meadows neighbourhood. Its primary appeal lies in the generous 6,917 sqft lot, which ranks well above average for both the street and the area, offering significant outdoor space and potential. While the living area is modest and typical for the locale, the property stands out for its assessed value, which is notably high for Lynn Lake Drive itself, suggesting the municipal assessment sees solid inherent value here.
The home suits practical buyers looking for a manageable footprint on a larger-than-average lot, ideal for gardening, expansion, or simply enjoying more private outdoor room. Its "elite" ranking for year built on its street indicates it is one of the newer homes in that specific cluster, which can be appealing for those wanting relatively modern infrastructure. A thoughtful perspective is that this property represents a balance: you're acquiring a premium-sized lot in a mature neighbourhood without the premium price tag of a fully renovated or much larger home, making it a strategic entry point.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value of $40,800 is for municipal tax purposes and is typically lower than market value. The last known sale was between $300k-$350k in 2016. Current market price would depend on condition, updates, and market trends.
2. What does the "elite" ranking for year built mean?
On Lynn Lake Drive, this 1986 home is ranked #1 out of 100 comparable properties for its build year, meaning it is the newest or among the very newest on that specific street. This suggests newer roofing, windows, or major systems compared to immediate neighbours.
3. Is the lot size a major advantage?
Yes. The lot is significantly larger than most on the street (top 9%) and in the Meadows area (top 12%). This provides more yard space, potential for additions like a garage or deck, and generally greater privacy than smaller, standard lots.
4. What might the 2016 sale price range indicate today?
The $300k-$350k sale nearly a decade ago establishes a historical baseline. Given typical appreciation and current market conditions, it underscores that this is an established, residential property in a stable area, but a current appraisal or comparative market analysis is needed for today's value.
5. Who should request the exact sold price history?
Serious buyers or investors who need precise data for financial planning or offer formulation should use the email request service. The provided ranges give a general picture, but exact figures are important for detailed analysis.