74 Meadowbank Road – Property Summary
Key Characteristics & Buyer Profile
This 1,235 sqft single-family home, built in 1993 on a 4,200 sqft lot, sits in Winnipeg’s Whyte Ridge neighbourhood. Its appeal lies in a few specific trade-offs. The living space and lot size are modest compared to the broader Whyte Ridge area, where homes average significantly larger. However, the property holds its own within its own street, Meadowbank Road—ranking near the median for both size and assessed value. The assessed value of $472,000 is notably higher than the Winnipeg average, suggesting the property is priced in line with its street’s standards, not the neighbourhood’s larger stock. The 1993 build is newer than most homes citywide, which may appeal to buyers who want a relatively modern structure without the premium of a brand-new build. This property suits buyers who prioritize a home that’s competitive within its immediate street context, are comfortable with a smaller-than-average lot for the area, and want to avoid the higher price points typical of larger Whyte Ridge homes. It’s a practical fit for someone who values location and street-level comparability over raw square footage.
Five Possible FAQs
1. How does this home compare to others on the same street?
It’s very close to the average for Meadowbank Road. The living area and assessed value are both within a few percentage points of the street median, so it won’t stand out as either the smallest or most expensive on the block.
2. Is the lot size a concern?
Only in a relative sense. At 4,200 sqft, it’s smaller than the typical Whyte Ridge lot (around 6,175 sqft) and the city average. But within Meadowbank Road, it’s near the middle, so it’s not unusually tight for this specific street.
3. Why is the assessed value above the city average if the house is smaller?
The home is newer than most Winnipeg properties (1993 vs. 1966 city average), and its condition, finishes, and street location likely support a higher valuation. The assessed value reflects the property’s current market position, not just its size.
4. Who typically buys in Whyte Ridge?
The area tends to attract families and professionals looking for a suburban environment with schools and parks. This particular home would appeal to buyers who want to be in Whyte Ridge but aren’t looking for a large lot or a 1,600+ sqft house—and want to avoid paying for that extra space.
5. How does the 1993 build hold up against newer homes?
It’s 30+ years old, so it will have normal wear for that age, but it’s newer than roughly 80% of homes citywide. That means it may have a more modern layout and better insulation than older stock, without the higher price tag of a recent construction.