107-60 Windmill Way – Property Summary
Key Characteristics & Buyer Profile
This 897-square-foot unit, built in 1997, sits slightly below average in size compared to similar homes on Windmill Way (993 sqft average), in the Westdale neighbourhood (984 sqft average), and across Winnipeg (1,042 sqft average). Its assessed value of $164,000 is notably below both the street average ($238,200) and the neighbourhood average ($246,500), placing it in the bottom fifth for value on the street and bottom 5% for the area. The building’s age is around average locally but newer than much of the city’s housing stock (citywide median year built: 1990).
Where the appeal lies: This property offers a lower entry point into a neighbourhood where most homes carry significantly higher assessments. The assessed value is about 31% below the street average, which could mean lower property taxes and potentially room for value growth if the area appreciates. The unit is also newer than the citywide norm, which may appeal to buyers wanting something built after the early-1990s recession without paying a premium for a brand-new build.
Who it suits: First-time buyers who need to get into Westdale at a lower cost, investors looking for a below-market asset in a stable neighbourhood, or anyone prioritizing affordability and newer construction over square footage. It’s less suited for buyers who need generous living space or who want a home that aligns closely with the neighbourhood’s typical price point.
Frequently Asked Questions
1. How does the assessed value compare to similar units nearby?
It’s well below average. On Windmill Way, the typical comparable home is assessed at $238,200; this unit is $164,000. In Westdale, the neighbourhood average is $246,500. This means the property is one of the more affordable assessed options in the immediate area.
2. Is the living area considered small for this price range?
Yes, but not drastically. At 897 sqft, it’s about 10% smaller than the street average (993 sqft) and about 14% smaller than the citywide average for comparable homes (1,042 sqft). It ranks in the middle to lower tier for size locally.
3. What year was the property built, and how does that compare?
Built in 1997. On Windmill Way, the average year built is 2006, so this unit is about nine years older than the street norm. In Westdale, the average is 2008. Citywide, the average is 1990, so this unit is actually newer than most comparable homes across Winnipeg.
4. How were the rankings and bars calculated?
Rankings compare this property to other comparable homes within the same street, neighbourhood, and city. For year built, newer ranks better. For living area, larger ranks better. For assessed value, higher ranks better. The bar fill length shows the share of peers this property outperforms, and fill colour indicates a tier (red, blue, amber, or grey). “Avg” is a rough median benchmark for that group.
5. How can I see how this property sits compared to nearby homes on a map?
You can open the neighbourhood analysis page from the property detail view. It shows a map of the area with nearby houses, and allows you to compare year built, living area, assessed value, and lot size in detail.