Key Characteristics & Buyer Profile
This 608-square-foot unit at 207-545 Dale Boulevard is a compact, newer-build property from 2018. Its main appeal lies in its age and relative affordability, not its size. City-wide, it ranks in the top 8% for newer construction, meaning most comparable homes in Winnipeg were built decades earlier. The assessed value of $186,000 is notably below both the street and neighborhood averages of roughly $250,000, and sits around the citywide median.
The trade-off is clear: you get a significantly smaller living area. It ranks in the bottom few percent locally and city-wide. This unit suits a buyer who prioritizes a lower purchase price and a modern build over square footage. It could work well for a first-time buyer looking to enter the market, someone downsizing from a larger home who wants a newer, low-maintenance space, or an investor seeking a property with below-average entry cost in a better-than-average age bracket. The value proposition here is about getting a newer shell without paying a premium for extra room.
Five Possible FAQs
1. How does the small living area actually affect daily living?
At 608 square feet, this is a compact one-bedroom or possibly a very small two-bedroom layout. You won’t have extra storage, a home office, or a large dining area. The trade-off is lower utility costs and less space to furnish or maintain. Think of it as a functional space for someone who spends most of their time out of the home.
2. Why is the assessed value so much lower than the neighborhood average?
The assessed value of $186k is about 25% below the Westdale neighborhood average of $246.5k. This is almost entirely due to the unit’s small square footage. While the building is newer, the market still values the total living area heavily. You’re paying for recent construction, not for space.
3. Is this property in a good location for resale?
Location depends on your definition. The property is on Dale Boulevard in Westdale, a well-established area. Street-level rankings show older, larger homes nearby, so this unit is an outlier. Resale will likely appeal to the same niche buyer – someone who values newness over size – which is a smaller pool than for a typical family home.
4. What does "Below Average" mean for the street and neighborhood rankings?
The rankings compare this specific unit to other comparable single-family homes or similar properties within that boundary. “Below Average” here means it’s smaller and assessed lower than most of its neighbors. It doesn’t reflect the quality or condition of the unit itself, just its metrics relative to the surrounding housing stock.
5. Could the assessed value change significantly soon?
It’s possible, but not dramatically. Assessments are based on market data and comparable sales. If surrounding larger properties sell for more, this unit’s value could edge up modestly. However, because the square footage is a hard limit, it’s unlikely to jump to the neighborhood average unless there is a major market shift or significant renovations.