Property Overview: 14 Whiteway Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 14 Whiteway Road in the Meadows neighbourhood is a practical, no-frills property that represents an accessible entry point into the Winnipeg market. Built in 1978, its 920 sqft living area is modest but functional, ranking about average for its immediate street. The lot size of 3,487 sqft is also typical for the local area, offering a manageable outdoor space.
The primary appeal lies in its value proposition. The home's assessed value is notably low compared to most homes in both the Meadows area and the wider city, suggesting a potentially lower property tax burden and an attractive price point for a budget-conscious buyer. Its recent sale in the $200k-$250k range (2024) confirms its position as a more affordable option. This property would suit a first-time homebuyer, an investor looking for a rental property, or someone seeking a minimalist lifestyle without a large mortgage. A less obvious perspective is that its "below average" metrics for the broader area could be seen as insulation from the higher costs and property taxes associated with newer or larger homes, offering financial predictability.
Section 2: Frequently Asked Questions
1. Is this a small home?
Yes, at 920 sqft, it is compact. It is slightly below the average size for the Meadows neighbourhood and more notably below the Winnipeg city average, indicating a efficient, manageable layout.
2. Why is the assessed value so much lower than the city average?
The assessed value of $28,200 is significantly lower than the citywide average, reflecting the home's modest size, age, and likely simpler finishes compared to newer or more updated properties. This often correlates with a lower purchase price and property taxes.
3. What does the recent sale price tell me?
The home sold for between $200,000 and $250,000 in 2024. This recent transaction provides a concrete market value benchmark, showing it transacts as an affordable, entry-level property in Winnipeg.
4. How does it compare to its direct neighbours?
The data shows it is quite typical for Whiteway Road itself. Its living area, year built, and lot size are all around the street's average, meaning it fits right into the existing fabric of the neighbourhood without standing out as unusually large or small.
5. What are the potential drawbacks?
The home is older (48 years), so prospective buyers should budget for potential maintenance or updates. Its size may also be a constraint for growing families or those needing significant storage space, and the lot is smaller than many in the wider city.