67.8
Good
Property score
67.8
Good
Overall 67.8
Compared with neighbourhood average
1,040 sqft (bottom 35%)
Built in 1985 (5 yrs older than avg)
Located in a high-income area
with median household income of ~97k
Transit 74.0
3-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
5 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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67.8 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
251 Lynn Lake Drive — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 438 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 | Top 5% | Top 31% | Top 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 251 Lynn Lake Drive, Meadows, Winnipeg
Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1985, presents a compelling opportunity defined by its generous lot and strong value proposition within its immediate neighbourhood. The home’s primary appeal lies in its substantial 6,872 sqft land area, which ranks well above average for both the street and the wider Meadows area, offering ample outdoor space and future potential. While the living space is modest and typical for homes of its era, its assessed value stands out as "Elite" on Lynn Lake Drive itself, suggesting it is viewed as a high-value asset relative to its closest neighbours. This combination positions the property as a solid, land-centric investment in a mature community.
The home would suit practical buyers looking for a manageable footprint on a larger lot, such as downsizers seeking private outdoor space or first-time buyers prioritizing future yard utility and neighbourhood equity over a recently built home. Its above-average lot size for the area also makes it a thoughtful choice for those with hobbies, gardening, or long-term redevelopment plans, offering more flexibility than many surrounding properties.
Frequently Asked Questions
1. How does the assessed value compare to the last sold price?
The home sold for an estimated $400k-$450k in 2021. Its current assessed value is $41,100. It’s important to understand that in Manitoba, assessed value is for taxation purposes and is typically a fraction of a property’s market value. The "Elite" ranking refers to its standing relative to neighbours' assessed values, not its market price.
2. Is the living area considered small?
At 1,040 sqft, the living area is slightly below the current average for the city but is generally on par with similar homes on its street and in the Meadows area. It reflects the efficient layouts common in mid-80s bungalows.
3. What does the "above average" land area ranking mean practically?
With a lot size of 6,872 sqft, this property has a significantly larger yard than most homes on its block and in the Meadows neighbourhood. This means more privacy, space for additions like a shed or deck, and less crowding from neighbouring houses.
4. The home is 41 years old. What should I consider?
A home from 1985 will likely have systems (roof, furnace, windows) that are at or beyond their typical lifespan. A thorough inspection is essential. On a positive note, it ranks as "above average" for year built on its street, meaning it is actually newer than many nearby homes.
5. How can I see the exact historical sold price?
The provided sold price is a public data range. The listing service offers to provide the exact figure via a manual email request, which they aim to fulfill by the end of the same business day without using your email for marketing.
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