55 Meadowbank Road – Property Summary

Key Characteristics & Buyer Profile

This 1994-built home offers 1,572 sq. ft. of living space on a 4,200 sq. ft. lot in the Whyte Ridge neighborhood of Winnipeg. What stands out here is the living area and assessed value relative to the street and city. On Meadowbank Road itself, the home ranks in the top 11% for living area and top 9% for assessed value—meaning it’s one of the larger, more valuable homes on the block. Citywide, it still sits comfortably above average in both categories (top 27% and top 20%, respectively). The year built is also newer than the citywide average (1994 vs. 1966).

The land area, however, is a different story. At 4,200 sq. ft., it’s below average for both the neighborhood and the city—ranking in the bottom third citywide. That trade-off is worth noting: you get more house per square foot of lot than many nearby properties.

Appeal: The home offers premium interior space and a relatively modern build for Winnipeg, without the oversized yard that can require more maintenance. It’s a "house-first" property rather than a "land-first" one.

Suitable for: Buyers who prioritize finished living space and a solid assessed value over a large yard. This could appeal to families who want room inside but don’t need—or don’t want—a big lot to maintain. It may also suit someone moving from a tighter urban market who values square footage indoors more than outdoor space. Investors or downsizers might appreciate the above-average value retention on the street.

Five Frequently Asked Questions

1. Is the land area a concern compared to other homes in Whyte Ridge?
Possibly, depending on your expectations. At 4,200 sq. ft., the lot is smaller than about 93% of homes in the neighborhood. If you plan to garden, add a large deck, or have space for extensive outdoor activities, this lot may feel tight. However, if you prefer a compact yard with less upkeep, it could be a plus.

2. How does the assessed value compare to similar homes in the area?
On the street level, it’s above average—ranked 5th out of 55 homes, with an assessed value of $499k vs. a street average of $471.1k. In the broader Whyte Ridge area, it's around average (top 60%). Citywide, it's in the top 20%, meaning the home holds value well relative to most Winnipeg properties.

3. How does the living space compare to other Winnipeg homes of similar age?
The 1,572 sq. ft. puts it above the citywide average (1,342 sq. ft.) and well above the average for its own street (1,285 sq. ft.). For a 1994 home, that’s a generous interior footprint—especially common in this era of construction, which tends to favor open layouts and larger rooms over newer infill builds.

4. Why does the home rank lower in its neighborhood than on its street?
Meadowbank Road appears to have a higher proportion of smaller or older homes than the broader Whyte Ridge area. So while this home stands out locally, the neighborhood average for both living area and assessed value is higher—likely because Whyte Ridge includes larger or newer properties on bigger lots elsewhere.

5. Is the year built (1994) a positive or a negative?
It’s above average citywide, where the typical comparable home dates to 1966. That gives this home advantages in terms of modern building codes, insulation, and layout. On the street and in the neighborhood, it’s essentially average—most nearby homes were built around the same time, so the style and likely the condition of mechanical systems (roof, furnace, windows) will be comparable. It’s not a brand-new build, but it’s not an old one either.