205-545 Dale Boulevard – Property Summary
Key Characteristics & Buyer Profile
This 701 sqft unit, built in 2018, is a newer-construction home in Winnipeg’s Westdale neighbourhood. Its living area is notably compact—ranking in the bottom quartile on its street and bottom 13% citywide. The assessed value of $207,000 reflects this smaller footprint, sitting well below the street and neighbourhood averages, though it holds closer to the middle of the pack citywide.
The appeal here is straightforward: you’re getting a relatively modern build (top 8% citywide for year built) without paying a premium for extra square footage. For buyers who prioritize a newer structure, lower maintenance, and energy efficiency over space, this could be a sensible fit. It also suits first-time buyers, downsizers, or investors looking for a lower-entry price point in a neighbourhood where the median home is older and larger. The trade-off is clear: the property’s assessed value ranks low on the street (86th percentile), meaning you’re likely buying into one of the more affordable homes in the immediate area.
A less obvious perspective: the 2018 build date may offer advantages beyond aesthetics—think better insulation, modern electrical, and lower immediate repair risk compared to the neighbourhood’s 2008 average. That can offset the smaller living area in total cost of ownership.
Five Possible FAQs
1. How does this property’s size compare to others nearby?
It’s below average at every level. On Dale Boulevard, the average living area is 903 sqft; this unit is 701 sqft. The neighbourhood and city averages are 984 and 1,042 sqft respectively. If you need extra room for a home office or growing family, you’ll likely feel the difference.
2. Is the assessed value a good deal relative to the build year?
The $207,000 assessment is below the street and neighbourhood medians, but it’s near the citywide midpoint. The 2018 build is significantly newer than the city average (1990), which can mean lower upkeep—so you’re paying less for a home that may require fewer repairs in the near term. However, the small size limits its resale ceiling in this market.
3. What’s the neighbourhood like in Westdale?
Westdale is a mature Winnipeg area with a mix of older homes. This property’s 2018 build stands out as newer than most—only 29% of homes in the neighbourhood are newer. The area tends to have larger homes (average 984 sqft), so this unit sits on the smaller end, which could affect resale demand depending on buyer preferences.
4. How are the rankings calculated, and should I trust them?
They compare this property to “comparable homes” within the same street, neighbourhood, and city. Rankings are based on size (larger = better), assessed value (higher = better), and year built (newer = better). They’re useful as a relative benchmark, but remember: the mix of comparables may shift by scope (street vs. city), so a low street rank doesn’t always mean a bad property—just a less typical one in that immediate context.
5. Would this property work as a rental investment?
Possibly, given the lower purchase price and newer construction (less immediate maintenance). However, the small size and below-average assessment mean rental income may be capped unless the area attracts tenants who value low living costs and modern finishes over square footage. Check local rental comps for Westdale before assuming strong yields.