Property Overview
This 880 sqft bungalow at 2 Whitley Drive in Winnipeg's Meadowood neighbourhood presents a specific and practical value proposition. Built in 1978, its key characteristic is its compact efficiency. The home sits on a modest 2,499 sqft lot, significantly smaller than most in the immediate area and city-wide. Its assessed value is notably below average for its street and neighbourhood, yet aligns more closely with the broader Winnipeg average.
The appeal lies in its potential as an affordable entry point into homeownership, or a low-maintenance property for downsizers. The smaller scale means lower property taxes, reduced utility costs, and minimal yard work. It would suit a first-time buyer focused on getting into the market with manageable overhead, an investor looking for a rental property with a lower tax base, or an empty-nester seeking a cozy, easy-to-maintain home. A thoughtful perspective is that a smaller, efficiently designed home can often feel more spacious and be easier to keep up than a larger, poorly laid-out one, making this a pragmatic choice over a purely statistical one.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average for comparable homes?
The "city-wide average" figure shown (approximately $390k) appears to be an error in the data presentation. A more relevant comparison is the local assessed value averages of $38k on the street and $37.6k in Meadowood, against which this home is competitively priced.
2. What does the smaller lot size mean for me?
It primarily means less exterior maintenance—less grass to cut, fewer garden beds to manage—which can be a significant cost and time savings. It may limit expansion possibilities like large additions, but for those seeking simplicity, it's a benefit.
3. How accurate are the "sold price" ranges from 2016?
These ranges are based on publicly available data and provide a general historical benchmark. However, for the precise sold price, you must request it directly via the provided email service, as this information is manually verified.
4. The home ranks "above average" for year built in Meadowood. What does that indicate?
It indicates the home is slightly newer than many others in the immediate Meadowood area, where the average build year is 1978. This could suggest somewhat newer building materials or styles compared to immediate neighbours.
5. Who would this property not be suitable for?
It may not suit buyers who prioritize ample indoor space for a growing family, desire a large yard for gardening or recreation, or are looking for a property with significant square footage for their investment. The compact living area and lot size are defining constraints.