Property score
54.1
Fair
Overall 54.1 · Smaller and older than most nearby homes
700 sqft (bottom 7%) · Built in 1981 (9 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: 2 parks nearby
Living Area
Below average
46% smaller than neighborhood avg.
Year Built
Below average
9 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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54.1 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
35 Lynn Lake Drive — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 313 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 1% | Bottom 1% | Bottom 16% |
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 35 Lynn Lake Drive in Winnipeg’s Meadows neighbourhood is a compact, established property that presents a clear value-oriented opportunity. Built in 1981, its 700 sqft living area is notably smaller than most homes on its street, in the area, and across the city. The lot size of 4,205 sqft is also below local averages. However, its assessed value of $31,200 is significantly below averages for the street and Meadows area, though it aligns more closely with the city-wide median.
The primary appeal lies in its position as an affordable entry point into the housing market. It suits buyers seeking minimal property tax liability, investors looking for a straightforward rental property, or individuals who prioritize function and location over space. A thoughtful perspective is that a smaller, efficient home can mean lower utility costs, less maintenance, and a simpler lifestyle. Its "below average" size and value metrics across most categories are not drawbacks for the right buyer, but rather defining features of a pragmatic, no-frills purchase.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average sold price?
Assessed value for property tax purposes is not the same as market value. This home’s low assessment reflects its smaller size and older age compared to the broader city housing stock, which includes many larger, newer homes. It indicates proportionally lower property taxes.
2. What does the ranking data (e.g., "Top 88%") actually mean?
A "Top 88%" rank for living area means this home is larger than only 88% of comparable homes on its street—or, put another way, 12% of homes on the street are smaller. In this context, most "Top" percentages are low, confirming this is a smaller-than-average property within each comparison group.
3. Is the 2016 sale price range a good indicator of current value?
Not directly. The sold price from 2016 ($200k-$250k) is historical and the market has changed significantly. It’s most useful for understanding past appreciation. For a current valuation, a market assessment based on very recent sales of similar-sized homes is essential.
4. Who would this property not be well-suited for?
It would likely not suit growing families needing multiple bedrooms, those who work from home and need dedicated office space, or buyers who prioritize modern open-concept layouts, as a home of this size and era may have a more compartmentalized floor plan.
5. What are the potential upside and downside of the smaller lot size?
The upside is less yard maintenance and lower associated costs. The downside is limited space for expansions like a large deck, addition, or garage. It’s important to check local zoning bylaws to understand what improvements are permissible on a lot of this size.
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