Key Characteristics & Appeal

This is a 1984 single-family home on Lynn Lake Drive in Winnipeg’s Meadows area, with 1,053 square feet of living space on a roughly 4,999 square foot lot. Its assessed value sits at $371,000.

The property’s main draw is not size or flash, but relative value and a solid lot. The living area is below the Meadow and city averages (1,286 sqft and 1,342 sqft, respectively), placing it in the bottom third citywide. However, the lot is a generous half-acre equivalent for the neighborhood, offering more outdoor space than many newer infill builds. The assessed value is actually above the street average ($358.6k) and in the top half citywide—meaning you’re paying for land and location, not square footage.

This home would suit a buyer who prioritizes a usable yard and a quieter street over a large interior footprint. It’s a good fit for someone willing to update or reconfigure the floor plan, or for a small family or couple who spend more time outdoors than indoors. The 1984 build year means it’s past the riskiest era for older Winnipeg homes (lead pipes, knob-and-tube wiring) but may still need mechanical or window updates. It’s less suited for someone who wants a turnkey, open-concept layout without investment.

Five Possible FAQs

1. How does the living area compare to other homes on my street?
It’s essentially average—1,053 sqft versus the street average of 1,060 sqft. That places it in the top third of Lynn Lake Drive, meaning many neighbors have similar or slightly larger footprints.

2. Why is the assessed value higher than the street average if the house isn’t that big?
Value is driven more by lot size, location, and recent sales than raw square footage. The lot is generous, and the house sits in a part of the city where prices have climbed. The $371k assessment reflects land value as much as the structure.

3. Is the ’84 build likely to have major issues?
Not necessarily. Homes from the mid-80s generally used modern building codes but predate high-efficiency standards. You’ll likely want to check the age of the roof, furnace, and windows. Polybutylene plumbing was common in that era—worth confirming it’s been replaced.

4. How does this property work for renovation or resale?
The land-to-structure ratio is favorable. You have a solid footprint for a future addition or a partial rebuild, and the lot won’t feel cramped. The current ranking shows it underperforms area averages, so there is room to add value through updates.

5. Is this a quiet street or a through road?
Lynn Lake Drive is a local street in Meadows, not a major artery. It ranks average for its street (top 33% in value, top 32% in size), which suggests a stable, established block rather than a high-traffic corridor. Parking and privacy are likely decent here.