Property Summary: 109-60 Windmill Way, Winnipeg
Key Characteristics & Buyer Profile
This 897 sqft home (built 1997) sits in Winnipeg’s Westdale neighborhood. Its living area is slightly below the street, neighborhood, and citywide averages, placing it in the middle range locally (top 54% on the street, top 62% citywide). The assessed value of $164k is notably below average across all three scopes—ranking near the bottom of the street (top 85%) and neighborhood (top 95%). This suggests a property that may be priced more affordably relative to nearby homes, but it’s worth noting that assessments don’t always reflect recent market conditions or renovations.
The year built is older than the street and neighborhood averages (1997 vs. 2006 and 2008), but newer than the citywide average of 1990. The home is in a area with a mix of older and newer stock.
Appeal & Buyer Fit: This property suits buyers who prioritize affordability over square footage or a newer build. The below-average assessed value could indicate potential for upside if the home is updated, or simply a more entry-level price point in a neighborhood where many homes are larger and higher-valued. It may also appeal to someone who wants to be in Westdale without paying the premium for a larger or newer home nearby. Investors or first-time buyers looking for a smaller footprint at a lower entry cost could find it practical, though it’s not positioned as a “best value” in terms of size or valuation rankings.
Five Possible FAQs
1. How does this property’s size compare to similar homes in the area?
At 897 sqft, it’s slightly smaller than the street average (993 sqft) and neighborhood average (984 sqft). It ranks in the top 54% on its street and top 62% citywide, meaning it’s around the middle of the pack—neither unusually small nor large for comparable homes.
2. Why is the assessed value so much lower than the area averages?
The assessed value of $164k is well below the street ($238k), neighborhood ($246k), and citywide ($256k) averages. This could reflect factors like a smaller living area, an older build (1997 vs. 2006/2008 averages), or fewer updates. It may also indicate that the home hasn’t appreciated as quickly as others nearby. Keep in mind, assessed values are not market prices and can lag behind real estate trends.
3. Is this a good deal compared to other homes in Westdale?
That depends on your priorities. If you’re looking for the cheapest entry point into the neighborhood, the low assessment is attractive. But the rankings show you’re getting a smaller, older home than many others. It’s a trade-off: lower price for less space and an older build. It could be a smart buy if you’re willing to renovate or don’t need a lot of room.
4. How old is the building, and is it considered old for this area?
Built in 1997, it’s older than the street average (2006) and neighborhood average (2008), but newer than the citywide average (1990). In Westdale, it’s on the older side of the local stock, so you might face more maintenance than a newer home, but it’s not a historic property. Check for updates to systems like roofing, windows, and HVAC.
5. What does the “rank by year, newer = better rank” measurement mean?
The ranking system compares this home to others in the same scope (street, neighborhood, city). For year built, newer homes get a better rank because they’re typically more modern, efficient, and require less immediate upkeep. A rank of 47 out of 68 on the street means 46 homes are newer (and rank higher), while 20 are older. Similarly, for living area and assessed value, larger and higher-valued homes get better ranks.