Key Characteristics & Buyer Profile
This property at 6 Meadowbank Road is a 1992-built home with 1,629 sq ft of living space on a 4,406 sq ft lot. Its standout feature is living space: within its own street, it ranks in the top 5%, significantly above the street average of 1,285 sq ft. The assessed value of $508,000 also puts it in the top 5% on the street, suggesting a premium property within the immediate neighbourhood. However, context matters. While generous by street and city standards, the home is only mid-pack in the broader Whyte Ridge community, where the average home is larger (1,666 sq ft) and sits on a bigger lot (6,175 sq ft). The lot size here is notably below the community and city averages.
The appeal lies in a more spacious-than-typical home on a modest, lower-maintenance lot, in a well-regarded area. It's not a showcase property within the wider neighbourhood but a strong performer on its own street. This suits a buyer who values interior square footage over land—likely a family or couple seeking comfortable living space without the upkeep of an expansive yard. The 1992 build is slightly older than the street average (1994) and community average (1994), though newer than the city median (1966). Buyers should weigh the trade-off: a larger interior footprint and a lot that requires less work, in a street where comparable homes tend to be smaller and valued slightly lower.
Five Possible FAQs
1. Is this a “good deal” compared to other homes on the same street?
Yes, based on the data. It ranks in the top 5% for both size and assessed value on Meadowbank Road, but it's not the most expensive by a wide margin. You're getting one of the larger homes on the street, and the value reflects that. Whether it's a deal depends on sale price versus assessment.
2. The lot is smaller than the neighbourhood average—is that a problem?
That depends on your priorities. A 4,406 sq ft lot is smaller than many Whyte Ridge properties, which average over 6,000 sq ft. If you want a larger yard for gardening or play equipment, this won't suit. If you prefer less mowing and upkeep, it could be a plus.
3. How does the 1992 build hold up compared to newer homes?
Homes from the early 1990s are now over 30 years old. Major systems like the roof, furnace, and windows may be original or approaching end-of-life. On the plus side, 1990s construction often used better materials than some newer builds. A home inspection is important here.
4. How does this home compare to others at a similar price point in Winnipeg?
At $508,000 assessed, it's well above the city average of $390,000. That places it in the top 19% citywide. For that price, you're getting a home with above-average interior space but a below-average lot size—a combination that may not be common in other areas of the city where land is cheaper.
5. What does “above average” in Whyte Ridge actually mean?
The home is close to the community median in size and value, but below it in lot size. So “average” here is a relative term. You're not buying a standout house within Whyte Ridge—you're buying a solid, mid-range home that happens to be a standout on its own street. That's a useful distinction for resale and neighbourhood perception.