Property Overview: 82 Whiteway Road, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 82 Whiteway Road in the Meadows neighbourhood presents a specific and practical value proposition. Built in 1983, it is notably newer than most other homes on its street, which is a distinct advantage suggesting potentially fewer immediate concerns with aging infrastructure compared to neighbours.

The property is compact, with 820 sqft of living space and a 3,016 sqft lot, placing it below average in size both locally and city-wide. This positions it as an efficient, lower-maintenance option. Its assessed value is modest and aligns closely with the street average, indicating it is priced appropriately within its immediate context.

The primary appeal lies in its role as an accessible entry point into the housing market. It suits first-time buyers or investors seeking a straightforward, no-frills property where the land and newer build year contribute more to the value than the home's current size or finishes. It’s a home for those prioritizing practicality and location within Meadows over space, viewing the smaller scale as an opportunity for manageable upkeep and cost.

Section 2: Frequently Asked Questions

1. How does the smaller living area impact value?
While the square footage is below area averages, this is reflected in the home's accessible price point. For the right buyer, this represents an opportunity to enter the neighbourhood at a lower threshold, with the potential to add value through thoughtful interior updates.

2. What does the 1983 build year mean for me?
Being built in 1983 makes this home newer than many on the block. This can be positive, potentially meaning updates to building codes and materials. However, a 40+ year-old home will still require a thorough inspection, as major components like the roof, windows, and heating system may be nearing the end of their service life.

3. Is the lot size a limitation?
The lot is smaller than average, which limits expansive outdoor projects but also reduces yard maintenance. It’s a trade-off that aligns with a low-maintenance lifestyle.

4. How is the assessed value so different from the city-wide average?
The city-wide average includes all property types and sizes. The more relevant comparison is the local "Same street" average of about $33,200, which this home matches closely. This confirms its value is typical for Whiteway Road.

5. What can nearby sales tell me?
Recent sales on the same street, like 106 and 22 Whiteway Road, show very similar homes in size, age, and assessed value. Studying their final sold prices (available by request) would provide the clearest indicator of the current market value for this specific type of property.