Property Summary: 509-55 Windmill Way
Key Characteristics & Buyer Profile
This property stands out primarily for its size. At 1,285 square feet, it is the largest home on Windmill Way (1st out of 68, top 1%), significantly exceeding the street average of 993 sqft. It also ranks well within the Westdale neighbourhood (top 9%) and city-wide (top 20%). Built in 2011, it is the newest home on the street and newer than most properties across Winnipeg, where the average home dates to 1990. Its assessed value of $331,000 places it second on the street (top 3%) and well above the neighbourhood average of $247,000.
The property’s appeal lies in its combination of generous square footage and relative newness within an established neighbourhood. While the assessed value is high for the street, it reflects the premium buyers typically pay for both size and a newer build—especially in a market like Winnipeg where older homes are the norm. This is not a fixer-upper or a starter home; it's a move-in-ready property that competes more on space and condition than on price alone.
This property suits buyers who prioritize interior space and a newer construction timeline over a low purchase price. It is a strong fit for families or professionals who want room to spread out without leaving a central neighbourhood like Westdale. First-time buyers on a tighter budget might find the assessed value a stretch, but those who value efficiency of layout and lower immediate maintenance costs will see the logic. It also appeals to buyers who want a home that ranks well against comparable listings—useful for resale-minded purchasers.
Frequently Asked Questions
1. How does this property compare to others in Westdale?
It is significantly larger than the neighbourhood average (1,285 sqft vs. 984 sqft) and newer than roughly half the homes in the area. The assessed value is also well above the local average, reflecting its premium positioning within Westdale.
2. What does "assessed value" mean for a buyer?
The assessed value is used by the city to calculate property taxes. At $331,000, this home is valued above most on the street and in the neighbourhood. Buyers should expect property taxes to be higher than those for an average Westdale home, but in line with homes of similar size and age.
3. Is a 2011 build considered new in this market?
Yes, particularly for Winnipeg, where the city-wide average home was built in 1990. On Windmill Way, the average build year is 2006, so this home is one of the newest on the street. That typically means fewer major repairs in the near term and more modern building standards.
4. Why does the property rank higher on the street than in the neighbourhood?
Street rankings are based on a smaller, more similar group of homes. Windmill Way has 68 properties, so being 1st in size and 2nd in assessed value is a strong signal. The neighbourhood (Westdale) has 197 homes, which means a top-9% ranking is still excellent, but more variation exists in that larger pool.
5. Who might find this property less suitable?
Buyers looking for a lower entry price, a smaller footprint (less maintenance), or a home in a more affordable part of the city may find this property overpriced for their needs. It is not designed for investors seeking a bargain or for those who prefer older character homes with original details.