65.5
Good
Property score
65.5
Good
Overall 65.5
Compared with neighbourhood average
1,053 sqft (bottom 37%)
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
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
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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65.5 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
55 Lynn Lake Drive — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 282 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 26% | Top 45% | Top 41% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 55 Lynn Lake Drive
Key Characteristics & Appeal
This home at 55 Lynn Lake Drive is a well-established property in the Meadows neighbourhood, built in 1984. With 1,053 square feet of living space and a 4,771 square foot lot, its size is very typical for its immediate street and area, offering a comfortable, average-sized family layout without being oversized. The appeal here lies in its consistency and stability within its community. The assessed value is notably modest compared to the wider city average, which can suggest a lower property tax burden and a potentially accessible entry point into the Winnipeg market.
The home suits practical buyers looking for a straightforward, no-surprises property in a mature neighbourhood. It’s a sensible choice for first-time homeowners who prioritize living space and neighbourhood fit over a newer build or a large lot. A thoughtful perspective is that while the lot is smaller than others on the street, the home’s proportions are squarely in line with area norms, indicating a neighbourhood of similar, manageable properties rather than standout estates. Its recent sale in the $350k-$400k range confirms its position as a mid-tier, actively traded home in Winnipeg.
Frequently Asked Questions
1. How does this home compare to others on the street?
It is very representative of Lynn Lake Drive. Its living area, year built, and assessed value are all around the street's average. The lot size is somewhat smaller than the immediate street average, but remains consistent with the broader Meadows area.
2. Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value for tax purposes is $35,700, which is significantly lower than the recent sale price and city-wide averages. Market value is determined by recent sales, condition, and demand, not municipal assessment.
3. What does the "Top X%" ranking mean for the year built?
While the home is average for its street and area, it ranks in the top 30% city-wide for age (being newer than 70% of Winnipeg homes). This highlights that Winnipeg has many older homes and that this 1984 build is relatively modern in the overall market context.
4. How can I find out the exact past sale price?
The provided sale price is a range from public data. The listing states you can email a request to their team to receive the exact sold price history, which they provide manually without using your email for marketing.
5. What are the next steps if I want to compare it to the neighbourhood?
You are directed to use the "Open neighbourhood map analysis" link. This tool allows you to see nearby houses on a map and compare specifics like year built, lot size, and assessed value in detail.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
