Property Overview: 28 Whitley Drive, Meadowood, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,230 sqft bungalow, built in 1979, presents a practical opportunity in the established Meadowood neighbourhood. Its core appeal lies in its efficient use of space, offering above-average living area for Meadowood while being situated on a notably smaller, low-maintenance lot. The home’s assessed value is significantly below averages for the street, area, and city, suggesting a potentially accessible entry point into the market.
The property would suit first-time buyers or downsizers seeking a manageable home without a large yard to upkeep. Its older vintage but newer-than-average build year for the area indicates a house that may have benefited from some updates over time, appealing to those comfortable with a home that has character and history. A thoughtful perspective is that the below-average lot size isn't just a compromise; for the right buyer, it translates to less weekend yard work and lower exterior maintenance costs, aligning with a simpler lifestyle.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the averages shown?
The assessed value is for municipal tax purposes and is not a market valuation. A consistently low assessment relative to nearby homes can indicate a number of things, including a slower pace of municipal value updates, specific characteristics of the property, or its historical sale price. It's a starting point for discussion, not a direct price tag.
2. How does the smaller lot size impact the property?
At 2,611 sqft, the lot is significantly smaller than most in Meadowood. This means less private outdoor space and potentially less distance from neighbours. However, it also means far less maintenance, which can be a desirable trade-off for many buyers.
3. The home last sold between $250k-$300k in 2021. What does that mean for today's price?
That sale price provides a historical benchmark, but market conditions have likely changed since 2021. The exact sold price is available upon request to give you a precise figure for your analysis, which should then be compared to recent sales of similar homes.
4. Is a 1979-built home a concern?
Built in 1979, this home is newer than many in Winnipeg and on its street. While major components like the roof, windows, and mechanical systems are likely not original, their age and condition should be verified during an inspection, as with any home of this era.
5. What is the neighbourhood like?
Meadowood is a mature, established area. The data shows homes here typically have larger lots, so this property offers a different, more low-maintenance profile within the same community, providing access to the neighbourhood's amenities without the typical yard workload.