Property score
68.1
Good
Overall 68.1 · Compared with neighbourhood average
1,060 sqft (bottom 38%) · 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 · Within 500m: 2 parks nearby
Living Area
Below average
18% 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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68.1 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
51 Lynn Lake Drive — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 270 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%
51 Lynn Lake Drive: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
51 Lynn Lake Drive presents a compelling opportunity in Winnipeg's Meadows neighbourhood. Its standout feature is the generous 7,305 sqft lot, which ranks in the top 4% on its own street and the top 9% within the broader Meadows area. This offers significant outdoor space that is increasingly rare. Built in 1984, the home itself is of average size for the area at 1,060 sqft, but its assessed value of $45,700 is notably high, ranking first on Lynn Lake Drive. This suggests the property is viewed as a premium asset on its block, likely due to its substantial land holding.
The appeal lies in this land-value proposition. It suits a buyer who prioritizes yard space for gardening, recreation, or future expansion over a large existing footprint. It’s also a sensible fit for those who value a stable, established neighbourhood, as the home’s age is typical for Meadows. A less obvious perspective is that the high assessment relative to immediate neighbours could indicate either a superior condition or features not fully captured in the square footage, but it also means property taxes will be at a higher rate. This home would best suit a first-time buyer or downsizer looking for a manageable house with a premium lot, or an investor/long-term holder who understands value is often anchored in the land.
1. Why is the assessed value so high compared to nearby homes?
The assessed value is in the top 1% on its street. This is primarily driven by its significantly larger lot size. Property assessments consider land value heavily, so this premium parcel commands a higher valuation.
2. Is the house too small for the lot?
At 1,060 sqft on a 7,305 sqft lot, the house-to-land ratio is lower than average for the area. Some may see this as the living space being modest for the property size, while others will view it as a major benefit, offering ample room for decks, gardens, or potential future additions.
3. What does the age of the home (1984) mean for maintenance?
Being 42 years old, this home is in the middle of the pack for its neighbourhood. Buyers should budget for updates common to homes of this era, such as roofing, windows, or major mechanical systems, while acknowledging that the core structure has proven durable.
4. How does this property compare to others in Winnipeg overall?
City-wide, its lot size remains above average (top 15%), while its living area is slightly below the city average. Its assessed value ranks above average city-wide, but it's important to note the "city-wide average" value quoted includes a very wide range of property types and locations.
5. How can I find out what this home previously sold for?
No public sales history is displayed for this listing. You can request the exact sold price history by email via the button on the property page; the service provides this information manually at no cost and without marketing spam.
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