Property Overview: 155 Whiteway Road, Winnipeg
Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1978, presents a compelling opportunity in Winnipeg's Meadows neighbourhood. Its primary appeal lies in its strong positional value within its immediate community. The property sits on a generous 5,498 sqft lot, which ranks in the top 6% on its street, offering above-average outdoor space for the area. While the living area is modest compared to the wider city, it is notably above average for Whiteway Road itself, suggesting a home that is well-proportioned within its local context.
The standout characteristic is its assessed value of $390,000, which ranks in an elite tier (top 4%) on its street. This indicates that the property is viewed as a high-value asset relative to its closest neighbours, often a sign of good upkeep, desirable location on the block, or favourable improvements. For a buyer, this means acquiring a home that already leads its immediate peer group in valuation.
This property would suit a practical buyer who values a larger lot in an established neighbourhood over a brand-new home. It’s ideal for someone looking for a solid, no-frills bungalow with room to garden or expand outdoors, and who understands the advantage of owning one of the more valuable properties on its street—a potential buffer in market fluctuations. It may also appeal to those who prefer the character and mature landscaping of an older community like Meadows.
Frequently Asked Questions
1. The assessed value seems high for the street. What does this mean?
An assessed value in the top 4% for the street typically reflects that the municipality views this property as one of the most valuable on the block. This can be due to factors like the larger lot size, above-average living area for the street, significant updates, or a particularly desirable location on the road.
2. How does the age of the home (1978) affect things?
Built in 1978, the home is of an age where major components like the roof, windows, or furnace may have been replaced or could be nearing the end of their service life. A thorough inspection is key. On the positive side, homes from this era in established neighbourhoods often feature larger lot sizes than newer subdivisions.
3. The living area is smaller than the city average. Is that a concern?
While the home is cozier than the Winnipeg average, it's actually above average in size for its own street. This suggests it fits well within the neighbourhood's profile. The appeal here is balanced toward the generous lot size and street-level value rather than maximizing interior square footage.
4. What is the significance of the lot size ranking so high?
A lot size in the top 6% on the street is a significant advantage. It offers more privacy, space for recreation, gardening, or future additions like a shed or deck than most neighbours have. In established areas, larger lots are a finite resource and add enduring value.
5. Why is there no public sold price history shown?
Detailed sold price data is not always publicly available for all properties in Manitoba. The listing service provides the option to request this information manually via email to ensure accurate, verified data is delivered directly to serious inquiries.