Property Overview & Key Characteristics
37 Whitley Drive is a well-established home in Winnipeg's Meadowood neighbourhood, built in 1978. With 1,214 sqft of living space on a 5,031 sqft lot, its metrics consistently place it in the middle-to-upper range when compared locally. Specifically, it ranks above average for both size and assessed value within the Meadowood area itself, suggesting it represents a solid, desirable offering in its immediate community. Its last known sale was between $450k-$500k in 2023, a price point that ranked highly against nearby sales at the time.
The appeal of this property lies in its proven stability and neighbourhood standing. It’s not an outlier in any category, but rather a home that performs reliably well across the board—a sign of a sound investment in a mature area. It suits practical buyers looking for a move-in ready home in a settled community, who value space and lot size that are comfortable without being excessive. A thoughtful perspective is that its above-average ranking within Meadowood, compared to its more average city-wide standing, highlights Meadowood as a neighbourhood of consistent, comparable value, making this a lower-risk choice within that market.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it is consistently above average for Meadowood specifically, ranking in the top 25% for living area and top 24% for assessed value among 1,668 comparable area homes. This indicates it is a competitively sized and valued property within its core neighbourhood.
2. What does the sold price range from 2023 tell me?
The $450k-$500k sale price ranked in the top 7% on its street and top 4% in Meadowood for that period, suggesting it was a premium sale at the time. This can indicate strong buyer demand for the property or street, but a current assessment would require analyzing more recent market conditions.
3. Is the assessed value the same as the market value?
No. The municipal assessed value for taxation ($40.40k) is a formula-driven figure and is not intended to reflect market sale price. Market value is determined by what a buyer is willing to pay in the current market, as suggested by the 2023 sold price range.
4. The home was built in 1978. What should I consider?
Homes of this age are typically solidly built but will have components, such as the roof, windows, furnace, and plumbing, that are likely at or beyond their typical lifespan. A thorough inspection is crucial to understand the condition and any upcoming capital expenses.
5. How can I find out the exact historical sold prices?
The exact sold prices are not publicly displayed in detail. As noted on the listing, you can request this information by email from the source, SaveOnHouse, which provides the data manually.