Property Overview: 55 Lynn Lake Drive
Key Characteristics & Appeal
This home at 55 Lynn Lake Drive is a well-established property in the Meadows neighbourhood, built in 1984. With 1,053 square feet of living space and a 4,771 square foot lot, its size is very typical for its immediate street and area, offering a comfortable, average-sized family layout without being oversized. The appeal here lies in its consistency and stability within its community. The assessed value is notably modest compared to the wider city average, which can suggest a lower property tax burden and a potentially accessible entry point into the Winnipeg market.
The home suits practical buyers looking for a straightforward, no-surprises property in a mature neighbourhood. It’s a sensible choice for first-time homeowners who prioritize living space and neighbourhood fit over a newer build or a large lot. A thoughtful perspective is that while the lot is smaller than others on the street, the home’s proportions are squarely in line with area norms, indicating a neighbourhood of similar, manageable properties rather than standout estates. Its recent sale in the $350k-$400k range confirms its position as a mid-tier, actively traded home in Winnipeg.
Frequently Asked Questions
1. How does this home compare to others on the street?
It is very representative of Lynn Lake Drive. Its living area, year built, and assessed value are all around the street's average. The lot size is somewhat smaller than the immediate street average, but remains consistent with the broader Meadows area.
2. Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value for tax purposes is $35,700, which is significantly lower than the recent sale price and city-wide averages. Market value is determined by recent sales, condition, and demand, not municipal assessment.
3. What does the "Top X%" ranking mean for the year built?
While the home is average for its street and area, it ranks in the top 30% city-wide for age (being newer than 70% of Winnipeg homes). This highlights that Winnipeg has many older homes and that this 1984 build is relatively modern in the overall market context.
4. How can I find out the exact past sale price?
The provided sale price is a range from public data. The listing states you can email a request to their team to receive the exact sold price history, which they provide manually without using your email for marketing.
5. What are the next steps if I want to compare it to the neighbourhood?
You are directed to use the "Open neighbourhood map analysis" link. This tool allows you to see nearby houses on a map and compare specifics like year built, lot size, and assessed value in detail.