Property Overview & Key Characteristics
This 1978 bi-level home at 22 Whiteway Road sits on a generously sized 3,009 sqft lot in Winnipeg's Meadows neighbourhood. Its key appeal lies in the combination of a renovated basement and a living area (800 sqft) that ranks well above average for its street and immediate area. The property presents a solid value proposition, with an assessed value that places it in the top third city-wide, suggesting it is a competitively priced entry point into a stable neighbourhood.
The home would suit first-time buyers or practical downsizers looking for a manageable footprint with modernized essentials. Its above-average lot size offers room for gardening or outdoor space, a notable advantage over newer infill properties. The renovated basement adds functional living space, appealing to those who need flexibility for a home office, family room, or guest area without the hassle of a major project.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovation typically means finished living space with proper walls, flooring, and ceiling. It’s wise to confirm the quality of the finish, permits, and whether it includes a bathroom or separate entrance.
2. How does having no garage affect daily life and value here?
Many homes in older Winnipeg neighbourhoods lack garages. The large lot may allow for adding a shed or future garage, subject to bylaws. Buyers should budget for winter plug-in block heaters and consider on-street parking availability.
3. The home is 48 years old. What should I be mindful of?
While the basement is renovated, a professional inspection is crucial to assess the condition of major original components like the roof, windows, plumbing, and electrical systems, which may be nearing the end of their service life.
4. The living area is 800 sqft, but the lot is large. What does this mean for me?
This indicates the house itself is modest and efficient, potentially keeping utility costs lower. The significant lot size provides valuable outdoor space and future potential, whether for expansion, a garden, or simply more privacy than newer, tightly packed lots offer.
5. The assessed value is $28,600, but the sale price will be higher. Why?
Municipal assessed value is for tax purposes and often lags behind the current market. The sale price is determined by what buyers are willing to pay in today's market, which is influenced by demand, condition, and recent sales of comparable homes.