30 Meadowbank Road – Property Summary
1. Key Characteristics & Buyer Profile
This is a 1993-built home with 1,158 sqft of living space on a 4,200 sqft lot, located in the Whyte Ridge area of Winnipeg.
Where its appeal lies:
The property’s strongest attribute is its assessed value relative to the city as a whole. While it sits below average for both living area and lot size within its own street and neighbourhood, it ranks in the top 26% citywide for assessed value. That means you’re getting a home that’s valued higher than most Winnipeg properties, even though it’s smaller and on a less generous lot than many nearby houses. Its build year (1993) is slightly newer than the Winnipeg average, but fairly typical for this street and neighbourhood.
The living area is notably compact compared to neighbouring homes—on Meadowbank Road and in Whyte Ridge, it falls within the bottom 5–7% of all properties. This could be a limitation or a deliberate choice.
What type of buyer it suits:
This property would work well for someone who wants to be in Whyte Ridge but doesn’t need a large home or a big yard—perhaps a downsizer, a single person, or a couple. It also appeals to value-conscious buyers who see the relatively high citywide assessment as a sign of stable long-term worth. Someone looking to get into an established mid-90s neighbourhood without paying for square footage they won’t use would find this a practical fit.
Less obvious perspectives:
- Because it’s smaller than most of its neighbours, it may attract less competition from families seeking larger floor plans—potentially giving a buyer more negotiating room.
- The assessed value ranking suggests the land or location carries weight, even if the structure itself is modest. That could mean future redevelopment potential, though this would need local zoning checks.
2. Frequently Asked Questions
1. How does this home compare to others on the same street?
It ranks 52nd out of 55 homes on Meadowbank Road for living area, and 22nd out of 55 for lot size. Its assessed value is 41st out of 55, and its build year is about average for the street. In short: smaller than most, but not the smallest, and valued below the street average.
2. Is the property overvalued compared to similar homes?
Its assessment is below the street and neighbourhood averages ($462k vs $471k street, $530k neighbourhood), but well above the citywide average of $390k. Whether it’s overvalued depends on whether you value location over size—this home trades floor area for a relatively strong citywide assessment.
3. How old is the home, and is that a concern?
Built in 1993, which is around the median for Whyte Ridge and about 27 years newer than the average Winnipeg home. Major systems (roof, furnace, windows) would typically have been replaced or serviced within the last 10–15 years if on a standard cycle, but a buyer should verify ages during an inspection.
4. Why is the lot size smaller than average for the neighbourhood?
The lot is 4,200 sqft, while the Whyte Ridge average is about 6,175 sqft. This is common in denser parts of the neighbourhood or on lots initially developed with smaller footprints. It means less outdoor maintenance, but also less private yard space.
5. What does “assessed value (property tax)” mean in this context?
This is the municipal tax assessment, used to calculate annual property taxes. It is not the market price. A home with an assessment above the city average is taxed at a higher base, but this does not directly dictate what a buyer will pay—it only influences the tax bill. Buyers should check current mill rates for an estimate.