111 Meadowbank Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1,220 sqft home built in 2001 on a 5,460 sqft lot in Whyte Ridge, Winnipeg. Its standout feature is the build year: it’s the newest home on Meadowbank Road (ranked #1 out of 55, top 2%), and significantly newer than the neighbourhood average of 1994. The lot is also notably larger than others on the same street (ranked #8, top 15%), giving it more outdoor space than most nearby properties.
Where the property sits differently is in valuation and living area. Its assessed value of $471k is right at street average but well below the Whyte Ridge neighbourhood average of $529.6k. That means a buyer gets into a desirable, established neighbourhood at a lower entry point than many surrounding homes. The living area is essentially average for the street and city, but below the neighbourhood norm—so the home is compact relative to Whyte Ridge’s larger stock.
The appeal is for someone who values a newer build in a mature neighbourhood, wants a decent-sized lot, and is willing to trade interior square footage for a more recent construction date and a lower assessed value relative to the area. It would suit first-time buyers looking for something solid and modern without the premium of a newly built subdivision, or downsizers who want a newer, manageable home in a well-established community without paying for space they don’t need. It’s less ideal for someone who prioritizes a large interior or wants a home that sits mid-range within Whyte Ridge’s price profile.
Frequently Asked Questions
1. How does this home compare to others on Meadowbank Road?
It’s the newest house on the street by a wide margin and has one of the larger lots (top 15%). The living area and assessed value are both close to the street average. So it stands out for its age and yard size, not its interior footprint or price tag.
2. Is the assessed value of $471k a good deal for Whyte Ridge?
Yes, in relative terms. The neighbourhood average assessment is $529.6k, and this property ranks in the bottom 16% for value. You’re paying below the median for the area, largely because the living area is smaller than many neighbouring homes. If you don’t need a lot of square footage, you’re getting a newer home for less than the neighbourhood norm.
3. Why is the year built ranked so high compared to the neighbourhood?
Whyte Ridge was primarily developed in the mid‑1990s. A 2001 build is rare in this pocket, which pushes it to the top of the street (built 7 years newer than the street average) and well above the neighbourhood average of 1994. It’s not brand new, but it’s noticeably newer than most of what’s around it.
4. How does the lot size compare to the wider area?
The lot is 5,460 sqft—larger than most on the street (average 4,609 sqft) but slightly smaller than the neighbourhood average (6,175 sqft) and city average (6,570 sqft). You get a generous yard by street standards, but it’s not oversized for Whyte Ridge or Winnipeg overall.
5. What’s the trade-off between this home and others in the neighbourhood?
The main trade-off is interior space versus build date. You’re getting a newer home on a good lot, but the living area is about 450 sqft smaller than the Whyte Ridge average. If you compare it to similar-valued homes citywide, it’s above average in assessed value and above average in age—so you’re paying a bit more than the city median, but for a newer house in a higher-demand neighbourhood.