Property Overview: 4 Whitley Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 4 Whitley Drive in Meadowood is a compact, late-1970s bungalow that presents a clear value-oriented proposition. Its key characteristic is its modest scale: at 872 sq ft, the living area is notably smaller than most homes on its street, in the neighbourhood, and across Winnipeg. The lot is also compact at 2,499 sq ft. This translates to a relatively low municipal assessed value of $290,000, which is below the citywide average.
The appeal lies in its affordability and efficiency. It suits first-time buyers seeking an entry point into homeownership with lower property taxes and maintenance costs. It could also attract downsizers looking to simplify without leaving the established Meadowood area. A less obvious perspective is that a smaller, well-planned home on a manageable lot can offer a simpler, more sustainable lifestyle with less time and money spent on upkeep. Its age (built 1978) is actually newer than many homes in the area, suggesting potentially fewer immediate concerns than older stock. Recent sale history indicates steady value retention.
Section 2: Frequently Asked Questions
1. Is the smaller living space a major drawback?
It depends on your needs. The home is significantly cozier than averages in the area. It would suit individuals, couples, or those comfortable with efficient use of space, but may feel cramped for larger families.
2. How does the assessed value impact property taxes?
A lower assessed value generally leads to lower municipal property taxes compared to larger homes in the same area, which is a key financial advantage of this property.
3. What does the recent sale history tell us?
The home sold between $300k-$350k in 2023 and $250k-$300k in 2019. This suggests a stable, affordable market segment with gradual appreciation, not speculative volatility.
4. Are there concerns with the smaller lot size?
The yard is compact, limiting expansive gardening or outdoor recreation space. However, this also means less landscaping work and lower outdoor maintenance costs and time.
5. How does this home compare to others on Whitley Drive?
The data shows this home is among the smallest and has one of the lowest assessed values on its own street. This positions it as the most affordable option on the block, which can be an advantage for budget-conscious buyers in a desirable location.