103-60 Windmill Way

103-60 Windmill Way – Property Summary

Key Characteristics & Buyer Profile

This unit offers 897 square feet of living space, placing it slightly below both the street and neighbourhood averages in Westdale, though not dramatically so. Where it stands out is in its assessed value of $164,000—significantly lower than the street average of $238,200 and the neighbourhood average of $246,500. This is a clear indicator that the property is priced below comparable homes nearby. The building was constructed in 1997, which is older than most on the street and in the area, but newer than the citywide median of 1990.

The appeal here is primarily one of affordability and value-consciousness. A buyer gets into a mid-90s build in Westdale at a price point well under what most neighbours are paying. The trade-off is a smaller footprint and an older building relative to its immediate surroundings. This property would suit a first-time buyer looking for a foothold in a desirable neighbourhood, someone prioritizing lower monthly costs over square footage, or an investor seeking a below-market entry point in a stable area. It is less suited to buyers who need maximum space for their money or who prioritize a newer build.

Five Possible FAQs

1. Why is the assessed value so much lower than the street average?
The data shows this unit is ranked 58th out of 68 homes on Windmill Way for assessed value. This likely reflects a combination of its smaller living area (897 sqft vs. the street average of 993 sqft) and potentially different unit finishes, floor level, or interior condition compared to others in the same building or street. The low value is the main reason the property may be more affordable than nearby options.

2. How does the building’s age compare to others in Westdale?
Built in 1997, it is moderately older than the Westdale neighbourhood average of 2008. However, citywide, the median year built is 1990, so this property is newer than the typical Winnipeg home. It falls into a middle bracket—older than the immediate competition but not old by city standards.

3. Is the living area considered small for a one-bedroom or two-bedroom unit?
At 897 square feet, it is below the average for comparable homes at all three levels (street, neighbourhood, and city). That said, size preferences vary. For a one-bedroom unit, this is generous; for a two-bedroom, it would be on the compact side. Without knowing the exact layout, prospective buyers should consider whether the space fits their daily needs.

4. Does a lower ranking in living area and assessed value mean it’s a bad investment?
Not necessarily. A lower assessed value can mean a lower purchase price, lower property taxes, and potentially better cash flow for an investor. The rankings simply show how this unit compares to peers; they do not measure upside potential, rental demand, or renovation possibilities. A below-market entry does not automatically equal poor long-term value.

5. What does “around average” or “below average” really mean in these rankings?
The rankings compare this property to other “comparable homes” within the same street, neighbourhood, and city. “Around average” means the property falls near the middle of the pack—neither unusually large nor small, new nor old. “Below average” in value means it is lower-priced than most peers. The bars and percentages (e.g., Top 54%) simply show what share of comparable homes you rank above. A red or amber fill colour typically indicates below-median performance; a blue fill would indicate above-median.