67 Meadowbank Road – Property Summary

Key Characteristics & Buyer Profile

This 1,469 sqft home, built in 1994, sits on a 4,200 sqft lot in the Whyte Ridge neighborhood of Winnipeg. Its living area is notably larger than most homes on the same street (top 13%), and slightly above the citywide average for comparable homes. The assessed value of $473,000 is mid-range for the street but significantly below the neighborhood average of $529,600, suggesting it offers better value relative to nearby properties. The land area, however, is on the smaller side—particularly within the neighborhood, where lots typically run around 6,175 sqft. The home is newer than most Winnipeg properties (citywide median year built is 1966), which could mean fewer immediate maintenance concerns compared to older stock.

The appeal lies in the combination of above-average living space at a below-neighborhood price point. Buyers get a reasonably spacious interior without paying a premium for a large yard or a top-tier street address. This property would suit a buyer who values indoor square footage and a newer build over outdoor space, and who is comfortable with a lot that is smaller than the local norm. It may also appeal to someone relocating from a denser urban area where 4,200 sqft lots are standard, as the home itself offers generous room for a family without the upkeep of a larger property.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The assessed value of $473,000 is about 10% below the Whyte Ridge neighborhood average of $529,600, but roughly in line with other homes on Meadowbank Road (average $471,100). Citywide, it ranks above average (top 24%), which reflects the generally higher values in this part of Winnipeg. The gap between street and neighborhood averages suggests this home may be one of the more affordable options in the immediate area.

2. Is the smaller lot a drawback for resale?
It depends on the buyer pool. Lots under 4,500 sqft are common in many Winnipeg neighborhoods, but in Whyte Ridge, they are the exception (top 93% for lot size means most homes have more land). This could limit appeal to buyers specifically seeking a large yard, but it may not matter to those prioritizing interior space or lower upkeep. The home’s newer construction and solid living area may offset the land size in many buyers' calculations.

3. What does “top 13%” for living area on the street actually mean?
Out of 55 comparable homes on Meadowbank Road, this property ranks 7th largest by living area. The average on the street is 1,285 sqft, so this home is about 14% larger. That puts it in a strong position relative to immediate neighbors, which can be an advantage for both comfort and perceived value during a viewing.

4. When was the home built, and does that matter in Whyte Ridge?
The home was built in 1994, which is actually the average year built for both the street and the neighborhood. Citywide, that makes it newer than about 80% of Winnipeg homes. In Whyte Ridge, a 1994 build is typical rather than exceptional, so you’re not paying a premium for rarity, but you also won’t face the deferred-maintenance issues common in older areas. It’s a middle-of-the-road age in this context—practical rather than distinctive.

5. How does this property compare to the citywide average?
The living area is slightly above the citywide average of 1,342 sqft. The assessed value is about 21% higher than the citywide average, reflecting Whyte Ridge’s desirability. The lot is smaller than most Winnipeg properties (average 6,570 sqft), and the year built is significantly newer (1994 vs. 1966 citywide). So while it fits a typical suburban profile in terms of size and value, it stands out for its relative newness and compact lot.