Property Summary: 50 Whiteway Road, Winnipeg
Key Characteristics & Appeal
This 920 sqft bungalow, built in 1978, presents a practical and affordable entry point into Winnipeg’s Meadows neighbourhood. Its core appeal lies in its financial accessibility, with an assessed value significantly below the area average, suggesting a lower property tax burden and a straightforward opportunity for first-time buyers or investors. The home’s living space is modest but functional, ranking around the middle of its immediate street, indicating it fits the local scale.
A thoughtful perspective for buyers is the lot size. At just under 3,000 sqft, it is notably smaller than most in the area and city. This translates to minimal exterior maintenance, which can be a significant advantage for those seeking a low-upkeep lifestyle or who prefer to spend time and resources on the home's interior rather than a large yard. The property suits budget-conscious buyers looking for a manageable starter home, an investor seeking a rental property with stable fundamentals, or downsizers wanting to reduce both living space and outdoor responsibilities.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value is for municipal tax purposes and is often lower than market value. The home last sold between $200k-$250k in 2020, which is a more relevant benchmark for current market value.
2. What does the smaller lot size mean for me?
It primarily means less yard work and lower maintenance costs. It may limit expansion possibilities (like a large addition or garage) but is ideal for those who prefer a compact, efficient outdoor space.
3. Is the 1978 build date a concern?
Homes of this era are common in the area. While it may require updates to systems like wiring or plumbing, it also means the neighbourhood’s character and infrastructure are well-established. A thorough inspection is recommended.
4. How does this home rank for value in the broader city?
City-wide, its assessed value ranks around the 66th percentile, meaning it’s assessed higher than about two-thirds of Winnipeg homes. This indicates it sits in a more affordable tier overall, but is not an outlier, suggesting stable valuation.
5. Where can I see more detailed context for this property?
You can view an interactive neighbourhood analysis map to compare this home directly with nearby properties in terms of year built, size, and value. This helps visualize its exact place on the street and in the community.