31 Whitley Drive

Property Overview: 31 Whitley Drive, Winnipeg

Key Characteristics & Appeal

This home at 31 Whitley Drive in Meadowood is a quintessential, well-established property that represents solid value in the Winnipeg market. Built in 1978, it sits on a near-5,000 sqft lot and offers 1,120 sqft of living space. The data reveals its primary appeal is consistency: its size, assessed value, lot, and age are all consistently "around average" when compared to its immediate street, the broader Meadowood area, and the city as a whole. This isn't a standout luxury property or a fixer-upper; it's a stable, middle-of-the-road home in a mature neighbourhood.

Its suitability is for pragmatic buyers—first-time homeowners, downsizers, or investors—who prioritize a straightforward purchase in a settled community without extreme highs or lows. A thoughtful perspective is that this consistency can be a strength. There's less risk of overpaying for premium features or facing the surprises common in much older homes. The recent sale history shows significant value growth between 2019 and 2021, suggesting the area has been appreciating steadily. For someone seeking a manageable entry into the market with predictable long-term stability, this property fits the bill.

Frequently Asked Questions

1. How does this home truly compare to others in the area?
The data shows it is consistently average to slightly above-average for Meadowood. Its year built ranks in the top 26% for the neighbourhood, meaning it's newer than many nearby homes. Its living area and assessed value are both comfortably in the top third of Meadowood properties.

2. What does the sold price history indicate?
The home sold twice in recent years: between $250k-$300k in 2019 and between $350k-$400k in 2021. This indicates strong appreciation in that period. The exact sold prices are available upon request from the listing service.

3. Is the assessed value the same as the market value?
No. The assessed value (approximately $39,300) is for municipal tax purposes. The market value (what a buyer would pay) is determined by current market conditions and is typically higher, as suggested by the 2021 sale price range.

4. What might a buyer need to budget for in a home from 1978?
While the home is in good standing relative to its peers, a build year of 1978 means key systems like the roof, windows, furnace, or plumbing could be nearing or past their typical lifespan. A thorough inspection is essential to budget for any updates.

5. How does the lot size compare, and what are the implications?
At 4,998 sqft, the lot is slightly below the average for the street and area but offers a standard suburban yard. It provides ample outdoor space for gardening or recreation without the extensive maintenance of a significantly larger lot.