68.4
Good
Property score
68.4
Good
Overall 68.4
Compared with neighbourhood average
1,048 sqft (bottom 36%)
Built in 1986 (4 yrs older than avg)
Located in a high-income area
with median household income of ~97k
Transit 74.0
5-min walk to transit with 2 nearby routes
Within 500m: 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Near average
4 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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68.4 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
223 Lynn Lake Drive — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 482 m).
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 42% | Bottom 35% | Bottom 44% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 223 Lynn Lake Drive, Meadows, Winnipeg
Key Characteristics & Appeal
This 1,048 sqft bungalow, built in 1986, presents a compelling opportunity in Winnipeg's Meadows neighbourhood. Its primary appeal lies in the generous 6,917 sqft lot, which ranks well above average for both the street and the area, offering significant outdoor space and potential. While the living area is modest and typical for the locale, the property stands out for its assessed value, which is notably high for Lynn Lake Drive itself, suggesting the municipal assessment sees solid inherent value here.
The home suits practical buyers looking for a manageable footprint on a larger-than-average lot, ideal for gardening, expansion, or simply enjoying more private outdoor room. Its "elite" ranking for year built on its street indicates it is one of the newer homes in that specific cluster, which can be appealing for those wanting relatively modern infrastructure. A thoughtful perspective is that this property represents a balance: you're acquiring a premium-sized lot in a mature neighbourhood without the premium price tag of a fully renovated or much larger home, making it a strategic entry point.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value of $40,800 is for municipal tax purposes and is typically lower than market value. The last known sale was between $300k-$350k in 2016. Current market price would depend on condition, updates, and market trends.
2. What does the "elite" ranking for year built mean?
On Lynn Lake Drive, this 1986 home is ranked #1 out of 100 comparable properties for its build year, meaning it is the newest or among the very newest on that specific street. This suggests newer roofing, windows, or major systems compared to immediate neighbours.
3. Is the lot size a major advantage?
Yes. The lot is significantly larger than most on the street (top 9%) and in the Meadows area (top 12%). This provides more yard space, potential for additions like a garage or deck, and generally greater privacy than smaller, standard lots.
4. What might the 2016 sale price range indicate today?
The $300k-$350k sale nearly a decade ago establishes a historical baseline. Given typical appreciation and current market conditions, it underscores that this is an established, residential property in a stable area, but a current appraisal or comparative market analysis is needed for today's value.
5. Who should request the exact sold price history?
Serious buyers or investors who need precise data for financial planning or offer formulation should use the email request service. The provided ranges give a general picture, but exact figures are important for detailed analysis.
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