59 Meadowbank Road – Property Summary

Key Characteristics & Buyer Profile

This 1,220 sqft home, built in 1993, sits on a 4,406 sqft lot in Whyte Ridge. Its assessed value is $496,000. The property performs well on its street—ranked 6th out of 55 homes for assessed value (top 11%) and 13th out of 55 for lot size (top 24%)—but looks more modest against the wider neighbourhood averages. Whyte Ridge lots tend to be larger (6,175 sqft average), and the neighbourhood assessed value average is $529,600. So this property offers a lower entry point into a desirable area, not a home that stands out locally.

Its appeal lies in relative value. Buyers get a home built in the 1990s (newer than the citywide average of 1966), with an assessed value well above the citywide average of $390,100. The lot is slightly smaller than typical for Whyte Ridge, which may mean less yard maintenance. The living area is close to the city average but below the neighbourhood average—practical, not spacious.

This property suits buyers who want a solid, middle-ground home in a stable Winnipeg neighbourhood without paying a premium for top-tier local specs. It’s a good fit for first-time homeowners, small families, or anyone prioritizing affordability in a well-established area over outright size or prestige.

Five Possible FAQs

1. How does the lot size affect usability?
At 4,406 sqft, the lot is smaller than most in Whyte Ridge (average 6,175 sqft) but larger than many citywide. Expect a manageable yard—enough for a garden or small playset, but not sprawling. This could mean lower maintenance costs and less time on yard work.

2. Is the assessed value a reliable indicator of market price?
Assessed value reflects municipal tax assessment, not current market conditions. While it’s a useful benchmark—this home ranks well on its street and citywide—actual sale price depends on demand, condition, and recent comparable sales. It’s a starting point, not a final number.

3. How does the age of the home compare locally?
Built in 1993, it’s around average for Meadowbank Road and Whyte Ridge (both average 1994). Citywide, it’s noticeably newer than the 1966 average. That means it likely has more modern construction standards and systems than many older Winnipeg homes, but it’s not unusually young for its immediate area.

4. Why is the neighbourhood ranking for living area so low?
The home’s 1,220 sqft ranks in the bottom 10% of Whyte Ridge homes (2,143 out of 2,382). This simply means most homes in the area are larger. It doesn’t indicate poor quality—just a smaller footprint. For buyers who don’t need extra space, this can be an advantage in keeping costs down.

5. What should I look for when comparing to nearby homes?
Focus on what matters to you. The neighbourhood analysis tool mentioned on the listing lets you compare year built, living area, assessed value, and lot size side by side. Pay attention to the local median for each metric. A home that’s above average on its street but below average for the neighbourhood often represents a value opportunity.