202-60 Windmill Way

Property Summary: 202-60 Windmill Way, Winnipeg

Key Characteristics & Buyer Profile

This is a 1997-built unit with 897 square feet of living space, located in the Westdale neighborhood. Its assessed value is $168,000.

The property is defined by a clear trade-off: it offers significantly lower entry cost compared to the average home in its street, neighborhood, and citywide, where average assessed values range from $238,000 to $256,000. However, its living area is consistent with or slightly below local averages (neighborhood average: 984 sqft; citywide average: 1,042 sqft), meaning you aren’t sacrificing much in square footage for that value. In terms of building age, it is older than the average Westdale home (which tends toward 2008 construction) but newer than the city-wide average (1990), reflecting a mix of existing and newer developments in the area.

The appeal lies in affordability. This property would suit a budget-conscious buyer—likely a first-time homeowner or someone looking to downsize without moving to a significantly smaller space. It’s a pragmatic choice for someone who prioritizes lower monthly costs over the prestige of a newer or higher-valued home in the neighborhood. A less obvious perspective: properties like this can offer a stronger foothold in an established area like Westdale because the lower valuation may mean lower property taxes and more room for appreciation if the neighborhood’s values rise. Buyers should be comfortable that the unit’s price and age place it in the middle of the pack on the street and citywide—not a standout, but a solid, functional option.

Frequently Asked Questions

1. How does the square footage compare to nearby units?
It’s slightly below the average on Windmill Way (993 sqft) and in Westdale (984 sqft), but the difference is modest—about 10% smaller than the street average and 9% smaller than the neighborhood average. It’s closer to the citywide average (1,042 sqft), meaning this is not an unusually small unit for Winnipeg.

2. Why is the assessed value so much lower than the neighborhood average?
The assessed value is about 32% lower than the Westdale average ($246,500) and 34% lower than the street average ($238,200). This likely reflects the unit being older than many nearby homes (the neighborhood average build year is 2008) and possibly its size or condition relative to the local market. Assessed values are not the same as market price, but they provide a benchmark for tax calculations and general value perception.

3. Is this property in a “good” neighborhood compared to others in Winnipeg?
The citywide rankings show it’s around average for living space (top 62%) and below average for assessed value (top 76%). This suggests Westdale is a moderately valued area—not among the most expensive, but also not the lowest. The “below average” assessment rank means it’s more affordable than many citywide comparables.

4. What should I be aware of given the 1997 build year?
At 27 years old, the building is past the typical first major renovation cycle (roof, HVAC, windows). While newer than many Winnipeg homes (citywide average is 1990), it’s older than the Westdale average (2008). Buyers should check for updates to mechanical systems and any building-envelope issues common to that era, but nothing in the data suggests it’s unusually dated for the area.

5. How does rank translate to value for money?
The living area rank (top 54% on the street, top 62% citywide) combined with the low assessment rank (top 74% on the street, top 76% citywide) indicates you’re getting a space that’s fairly typical in size for a price that’s notably below typical. This property offers good relative value for someone not looking for top-tier finishes or the newest construction, but who finds the square footage adequate.