Key Characteristics & Buyer Profile
This 799 sq ft unit at 511-55 Windmill Way in Westdale, Winnipeg, was built in 2011—making it the newest home on its street by a significant margin. While its living space falls below average compared to nearby properties (ranking 63rd out of 68 on the same street), its assessed value of $228,000 sits close to the neighbourhood median. The combination of a relatively recent build and a price point that undercuts many older, larger homes in the area gives it a practical edge.
The appeal lies in the trade-off between age and square footage. Buyers who prioritize modern construction, lower maintenance, and a more move-in-ready condition may find this preferable to an older, roomier unit at a similar price. It’s particularly suited to first-time buyers, downsizers, or investors looking for a newer asset in a well-established Westdale neighbourhood. Those who need maximum living space for their dollar, however, would likely want to look elsewhere.
Frequently Asked Questions
1. How does the property’s size compare to other homes for sale in Westdale?
It’s on the smaller side. Within the immediate street, it ranks in the bottom 10% for living area. Across the broader Westdale community, it falls in the bottom 20%, with the average unit being around 985 sq ft. It’s worth noting that this is a condo or apartment-style unit, so direct size comparisons with single-family homes in the area may not reflect the same type of ownership or layout.
2. The building is from 2011—does that come with any advantages over older stock?
Yes, especially in terms of energy efficiency, building code requirements, and likely lower immediate repair costs. It’s the newest property on its street by five years or more. That said, being newer doesn’t automatically mean lower condo fees or better soundproofing, so it’s still worth reviewing the reserve fund study and strata documents.
3. What is the assessed value based on, and how accurate is it as a price guide?
The assessed value of $228,000 is a municipal estimate used primarily for property tax calculation. It reflects the city’s opinion of market value at a set point in time, but actual sale prices can vary depending on condition, upgrades, and market demand. It’s a useful baseline, not a firm price tag.
4. Is this property likely to appeal to renters if I’m considering it as an investment?
Potentially. Newer builds often attract tenants who value modern finishes and fewer maintenance headaches. The smaller square footage may suit single professionals or couples. However, the below-average size could limit appeal to families or roommates, so the rental pool may be narrower than for a larger unit in the same price range.
5. How should I interpret the ranking data shown for this property?
The rankings compare this unit to others within the same street, neighbourhood, and city. They’re useful for spotting relative strengths and weaknesses—for example, the build year ranks very high, while the size ranks low. Keep in mind that rankings are based on assessed data and may not fully reflect recent renovations, layout quality, or desirability of specific floor plans. They’re one piece of the puzzle, not the whole picture.