Property Summary: 142 Whiteway Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 142 Whiteway Road in the Meadows neighbourhood presents a compelling case based on its strong relative value within its immediate area. Built in 1978, it is a well-established property on a standard-sized lot. The primary appeal lies in its above-average living space (1,040 sq ft) compared to other homes on Whiteway Road, where it ranks in the top 21%. More significantly, its assessed value of $380k ranks in the top 7% on its street, suggesting it is viewed as a higher-value property in a micro-market of similar homes. This creates an interesting dynamic: you get more interior space and a higher assessment bracket than most of your direct neighbours, while the price point remains average for the broader Meadows area.
This profile would suit a practical buyer looking for a solid, move-in-ready home in a mature neighbourhood without paying a premium for a newer build. It’s ideal for someone who values space and perceived value on their specific street over having a larger lot or a newer construction date compared to the wider city. The data suggests a smart purchase for those prioritizing interior square footage and stability in a settled community.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to the street average?
The assessed value of $380k is notably higher than the street average (~$332k). This typically reflects the property's specific attributes, such as its above-average living area, updates, condition, or other improvements that the assessor has accounted for relative to neighbouring homes.
2. How does the sold price from 2019 relate to the current assessed value?
The home sold for an estimated $300k-$350k in 2019. The current assessed value of $380k reflects the provincial assessment for taxation purposes as of a specific valuation date, which considers market trends and property characteristics. It is an indicator, but not a direct predictor, of current market value.
3. The home is older than most in the Meadows area. Should I be concerned?
While the year built (1978) is older than the neighbourhood average, it is around average for its own street and even newer than the city-wide average for homes. This indicates a mature, stable street. A thorough inspection is always recommended to understand the condition of major systems like roof, windows, and plumbing, which may be due for updates.
4. Is the lot size a disadvantage?
The lot is standard for Whiteway Road but below the average lot size for the broader Meadows area. This means smaller outdoor maintenance but also potentially less private outdoor space than some other homes in the neighbourhood. It’s a trade-off that keeps the property focused on the interior living space.
5. How do I find out the exact historical sold prices?
The exact sold prices are not publicly displayed in detail due to data licensing. You can request the precise history by using the "Get exact sold price history" email request function provided on the listing page. This service is manual but provided without obligation.