411-55 Windmill Way – Property Summary
Key Characteristics & Suitability
This is a 799-square-foot home built in 2011, located in Winnipeg’s Westdale neighborhood. Its standout feature is the year built—it’s the newest home on its street, ranking 1st out of 68, and is significantly newer than the citywide average of 1990. The assessed value sits at $218,000, which is slightly below the street and neighborhood averages but fairly typical for the city overall. The living area is smaller than comparable homes at all three levels—street, neighborhood, and citywide—placing it in the bottom quartile locally.
The appeal here is about trade-offs. You get a modern, energy-efficient build in an established area, but with less square footage than nearby properties. That makes it a strong fit for first-time buyers, downsizers, or anyone prioritizing a newer structure and lower maintenance over interior space. It could also appeal to someone looking for a lower entry point into Westdale without compromising on build quality or roof age. It’s not ideal for buyers who need extra room for a growing family or who are comparing strictly by price-per-square-foot.
Frequently Asked Questions
1. Is this a condo or a single-family home?
The address format (411-55 Windmill Way) suggests it’s a condo or townhouse unit, likely in a multi-unit complex. The smaller living area and newer construction are consistent with a condo-style property. You’ll want to confirm strata fees and rules with the listing agent.
2. Why is the living area ranked so low if the home is newer?
Newer builds in this area often prioritize energy efficiency and modern layouts over square footage. Many older homes in Westdale are larger, which pulls the average up. In this case, you’re paying for the year built rather than floor space.
3. How does the assessed value compare to recent sale prices?
The assessed value is $218,000, which is around average for the street and citywide. Actual market prices may differ—assessments lag behind current market conditions. It’s wise to check recent sales in the complex or nearby comparable units.
4. What are the potential downsides of buying the newest home on the street?
While a newer home means fewer immediate repairs, it may also mean higher property taxes relative to older neighbors, and you could be surrounded by homes that feel dated or have different maintenance schedules. Also, HOA or condo fees (if applicable) can be higher for newer buildings.
5. Can I view this property in comparison to nearby homes?
Yes, the listing includes a link to a neighbourhood map analysis page where you can compare year built, living area, assessed value, and lot size against nearby properties. That tool gives a more visual sense of where this unit fits in the local market.