51.0
Fair
Property score
51.0
Fair
Overall 51.0
Smaller than most nearby homes
680 sqft (bottom 3%)
Built in 1984 (6 yrs older than avg)
Located in a high-income area
with median household income of ~97k
Transit 74.0
4-min walk to transit with 2 nearby routes
Winnipeg Real Estate Market Summary – Week 19, May 10, 2026
Winnipeg's market stayed firmly seller-led this week, with ~100 sales recorded. Around 65% closed above asking, averaging a ~7% premium and a median 8 days on market. The $400–600K detached segment wa…
Living Area
Below average
47% smaller than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 83%Tagalog · 5%
Past 10 years Meadows sales snapshot (~80% of all data)
637
475.6k
$441/sqft
1990
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51.0 is composed by the two sections below.
Property Score
Community Score
Meadows
How to read: Share of sales in each ~$50k price band for “meadows” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110865
$97K
Median household income
$108K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
19%
Single-person households
33%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
Meadows · WPS public data · 2026
Annual incidents
9
2026
vs. city avg
-69%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
78%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 16% | Bottom 9% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This home at 151 Lynn Lake Drive is a compact, efficiently sized property built in 1984. Its key defining characteristic is its modest scale: with 680 sqft of living space on a 3,630 sqft lot, it is notably smaller than most homes on its street, in the Meadows area, and across Winnipeg. This is reflected in its assessed value of $29,600, which is well below area and city-wide averages.
The appeal here lies squarely in affordability and simplicity. It represents a low-barrier entry point into homeownership, with correspondingly lower property taxes. It would suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist, low-maintenance lifestyle without a large yard or excess space to manage. A thoughtful perspective is that its smaller footprint and older, established build date (which is actually newer than the Winnipeg average) could mean lower utility costs and fewer surprises than in a much older home, positioning it as a practical, "no-frills" option.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily based on the home's relatively small size for a single-family property, both in living area and land area, compared to the broader market.
2. What does the "Top 95%" ranking for living area mean?
This means that for living area size, this home is in the bottom 5% of 100 comparable properties on Lynn Lake Drive. In other words, 95% of homes on the street are larger.
3. How can I find out the exact price it last sold for?
The listing indicates the sold price history is a range based on public data. To get the exact sale price, you must request it via email from the listing service, which they provide manually.
4. Is the smaller lot size a disadvantage?
It depends on your priorities. While it offers less outdoor space, it also means less yard maintenance. For some buyers, this is a practical benefit rather than a drawback.
5. The home is "below average" in most metrics. Is this a concern?
Not necessarily. These metrics simply highlight that this is a more compact and affordable property than the typical home. It indicates a specific market niche focused on value and efficiency over space.
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