Property Overview: 64 Whiteway Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 64 Whiteway Road is a compact, efficiently sized property in Winnipeg's Meadows neighbourhood. Built in 1983, it is notably newer than many homes on its own street. Its key characteristic is its modest scale: with 680 sqft of living area and a 3,149 sqft lot, it is significantly smaller than average for the area and city. The assessed value is correspondingly low, placing it well below local averages.
The appeal lies in its potential as an affordable entry point into homeownership or as a low-maintenance investment property. Its newer build date (for the street) suggests potentially fewer immediate major repairs compared to older neighbours. This property would suit first-time buyers prioritizing financial accessibility over space, or investors looking for a rental property with a lower tax and maintenance footprint. It’s a practical choice for those who see a smaller home as a strategic step onto the property ladder or a simplified lifestyle, not a limitation.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics, primarily its smaller-than-average living area and lot size compared to the broader Winnipeg market. It is assessed in line with similar, modest homes in its immediate area.
2. What does the "newer" build year mean for me?
While built in 1983, this home ranks as newer compared to others on Whiteway Road, where the average build year is 1979. This could indicate updated building materials or systems for its time, but a professional inspection is still essential to understand the exact condition of the roof, wiring, and plumbing.
3. Is the smaller living area a concern for resale?
The home's size places it in a specific market segment. It will appeal to a narrower pool of buyers seeking affordability and low maintenance, which can be an advantage in that niche but may not appreciate at the same rate as larger homes in a rising market.
4. How does the last sold price (2019, CA$200k–250k) relate to today's value?
That sale price is a historical data point from over five years ago. Current market conditions, interest rates, and the property's present state will determine its value today. It serves as a reference, not a guarantee of current worth.
5. What are the immediate next steps if I'm interested?
First, review the detailed neighbourhood map analysis to compare this property directly with its neighbours. Then, to make an informed decision, you should request the exact historical sold price data via email and arrange a viewing to assess the layout, condition, and livability of the compact space firsthand.