101-60 Windmill Way – Property Summary

Key Characteristics & Buyer Profile

This is a 877 sqft home built in 1997, located in Winnipeg’s Westdale neighbourhood. The property sits on the smaller side—both for its street and citywide—but its assessed value of $163,000 is notably below the averages in every comparison group: street, neighbourhood, and city. On the street, it ranks 62 out of 68 homes by value, and in Westdale it ranks 191 out of 197. That gap is worth paying attention to.

The appeal here isn’t about square footage or curb appeal by the numbers. It’s about value relative to the area. For a buyer who is comfortable with a more modest footprint and sees potential—whether in updating, long-term holding, or simply living below the neighbourhood average—this property could make financial sense. The year built (1997) is slightly older than the neighbourhood average (2008), but newer than the citywide average (1990), meaning it’s not a fixer-upper by age standards.

This property would suit a first-time buyer looking to get into Westdale at a lower price point, an investor interested in a below-market entry in a desirable area, or someone who prioritizes location over space and wants to avoid overpaying for square footage they don’t need.

Frequently Asked Questions

1. How does the assessed value compare to similar properties on this street?
It ranks 62nd out of 68 homes. The average assessed value on Windmill Way is $238,200—this home is well below that, at $163,000. That’s a significant gap, so it’s worth understanding why. It could reflect a unit that hasn’t been updated, a smaller lot or layout, or simply a conservative assessment.

2. Is the living area significantly smaller than other homes nearby?
Yes—877 sqft vs. the street average of 993 sqft. On the street, it ranks in the bottom 16%. However, it’s closer to the neighbourhood average (984 sqft) and still within a reasonable range. For someone downsizing or looking for a compact layout, this isn’t a drawback.

3. How old is the property, and how does that compare to the neighbourhood?
Built in 1997, it’s about 11 years older than the Westdale average (2008). But it’s newer than the citywide average (1990). So it’s not old in a broad sense, but it is older than most nearby homes. That may mean different maintenance timelines than a newer build.

4. Why is the assessed value so much lower than the average?
The data shows a consistent pattern: this property ranks low on assessed value across all three scopes (street, neighbourhood, city). Possible reasons include a smaller unit size, a less desirable position within the building or complex, or finishes that haven’t kept pace with comparable sales. It’s not necessarily a red flag—it could also mean the property is undervalued relative to its neighbours.

5. Would this property be a good fit for an investor?
Potentially. The low assessed value relative to the area suggests a lower purchase price, which could mean better cash flow or a higher potential for appreciation if the area continues to rise. However, the smaller size and lower rank on the street may limit resale demand. It’s a lower-risk entry point, but not a high-growth play unless the neighbourhood sees broader value increases.