Property Overview & Key Characteristics
This home at 8 Whiteway Road is a compact, late-1970s bungalow in Winnipeg's Meadows neighbourhood. Its primary appeal lies in being an accessible entry point into the housing market. With 809 square feet of living space and a lot just under 3,000 square feet, it is notably smaller than most homes on its street, in the area, and across the city. This is reflected in its below-average assessed value, which positions it as one of the more affordable properties in Meadows.
The home suits first-time buyers or investors seeking a lower-cost footprint with minimal upkeep. Its recent sale within the $300k-$350k range suggests it transacts as a functional, no-frills property. A thoughtful perspective is that its smaller size and lot could mean lower utility costs and less maintenance, appealing to those seeking simplicity. However, the data indicates it is among the older and smaller homes in its immediate area, so value may be found more in the land and location than in the structure itself.
Frequently Asked Questions
1. Is this a good value compared to the neighbourhood?
The data shows this home's assessed value is in the bottom 2% for the Meadows area, meaning it is significantly more affordable than most nearby properties. This suggests value relative to location, but the living space and lot size are also well below neighbourhood averages.
2. What should I consider about the home's size?
At 809 sq ft, the living area is compact. It's ideal for a single person, a couple, or someone looking to downsize. Buyers should carefully consider if the layout and room sizes meet their long-term needs.
3. How does the lot size impact potential?
The lot is smaller than most in the area. This limits expansive outdoor projects but could mean less yard work. For future development, such as an addition, it's important to check local zoning bylaws for setback requirements on a lot of this size.
4. The home was built in 1978. What does that imply?
Built during a common construction period for the street, it shares its age with many neighbours. This means potential renovation needs (like roofing, windows, or major systems) are typical for homes of this vintage. A thorough inspection is advised.
5. Why is the city-wide average assessed value so much higher?
The city-wide average includes all property types and neighbourhoods. The much higher average figure highlights that this home is positioned in a more affordable segment of Winnipeg's overall market, not that it is undervalued.