Property Overview
85 Meadow Lake Drive is a compact, well-established home in Winnipeg's Meadows neighbourhood. Built in 1984, the 850 sqft residence sits on a 4,399 sqft lot. Its key appeal lies in its position as a more affordable entry point into a mature area, with an assessed value notably below averages for its immediate street and neighbourhood. The home represents a practical, no-frills opportunity rather than a premium offering.
This property would suit first-time buyers or investors seeking a lower-cost foothold in the market, or downsizers looking to minimize space and maintenance. Its below-average size and value for the area suggest it's a candidate for those comfortable with a cozy layout or those viewing it as a long-term hold with potential for updates.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average for comparable homes?
The reported city-wide average of $390k appears to be a significant data irregularity or includes very different property types. A more relevant comparison is the local neighbourhood average of about $40.90k, against which this home's $34.10k assessment is below average, reflecting its smaller size and likely simpler condition.
2. How does the home's size compare to others nearby?
At 850 sqft, the living area is smaller than most comparable homes on Meadow Lake Drive (avg. ~1,137 sqft) and in the wider Meadows area (avg. ~1,286 sqft). This confirms it as a compact, efficient floor plan.
3. What does the "above average" ranking for Year Built mean?
Built in 1984, this home is newer than many on its street and across the city. In its immediate area, it's about average. This suggests the core structure may be in a relatively modern condition for its vintage, potentially with fewer age-related concerns than older homes.
4. Is the lot size a disadvantage?
The 4,399 sqft lot is below average for the street and neighbourhood. This means less yard space for gardening or expansion, but also translates to less exterior maintenance, which could be a benefit for some buyers.
5. How can I find out the exact historical sale price?
The listing indicates the home sold between 2020-2025 for an estimated $250k-$300k. The exact sale price is not publicly displayed, but you can request it directly via the email function provided on the listing page.