Property Overview: 27 Whitley Drive, Meadowood, Winnipeg
Key Characteristics & Appeal
This 1,184 sqft bungalow, built in 1978, presents a solid, no-surprises offering in the established Meadowood neighbourhood. Its primary appeal lies in its consistent above-average standing within its immediate area. While its size and lot (4,998 sqft) are typical for the street, the home ranks in the top quarter of Meadowood for both living area and assessed value, suggesting it is a well-positioned and potentially well-maintained property within a desirable local context. It sits on a quiet, mature street with very close neighbours, indicating a tight-knit community feel.
The home would suit practical buyers looking for a move-in-ready foundation in a stable suburb. It’s ideal for first-time homeowners, small families, or downsizers who value neighbourhood character over a brand-new build. A thoughtful perspective is that this property represents a "known quantity"—its long-term assessed value trends and sales history (selling in 2016 and again in 2021) provide a clear, transparent picture of its market performance, reducing speculation for cautious buyers.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows this home consistently performs better than most in the broader Meadowood area, ranking in the top 23-27% for assessed value and living area. On its specific street, it is around average for size but in the top third for value.
2. What does the sold price history indicate?
The home sold between $400k-$450k in 2021 and $300k-$350k in 2016. These ranges placed it in the top 14-18% of sales for Meadowood at those times, indicating strong demand and value retention in the neighbourhood.
3. Is the lot size a pro or a con?
At just under 5,000 sqft, the lot is slightly below average for the street and area. This means lower maintenance but may limit expansion possibilities. It's a practical size for those not wanting extensive yard work.
4. What are the implications of the home’s age?
Built in 1978, the home is of an era where major systems may be due for updates or replacement. A pre-purchase inspection is essential, but the age also means it's situated in a mature, settled neighbourhood with established amenities and landscaping.
5. How current is the assessed value, and what does it mean for taxes?
The assessed value is $40,600. It's crucial to understand this is for municipal tax purposes and is typically lower than market value. This assessment ranks well locally, but property taxes will be based on this figure and the city's mill rate.