Property Summary: 1215 Markham Road, Waverley Heights, Winnipeg

Key Characteristics & Appeal

This home stands out for its generous scale and established presence in the Waverley Heights neighbourhood. Its primary appeal lies in offering significantly more space—both indoors and out—than most comparable properties in the immediate area.

The 1,688 sqft living area is notably larger, ranking in the top 3% on its street and top 11% within the wider community. This is complemented by a substantial 6,959 sqft lot, which is considerably above the street and neighbourhood averages, providing ample outdoor privacy and potential. The property’s municipal tax assessment value is also above average, reflecting its relative size and positioning in the market.

Built in 1974, the home is typical for its specific street but is among the older homes in the broader Waverley Heights community. This suggests a classic, established character with the potential for updates that a new owner can tailor to their taste.

This property would best suit buyers looking for a spacious family home in a mature neighbourhood, who value larger interior rooms and a generous yard over a newer build. It’s ideal for someone who sees the above-average footprint and lot size as a foundation for long-term living and personalization.

Frequently Asked Questions

1. What do the ranking percentages (e.g., top 3%) actually mean?
They show how this property compares to similar ones in different geographic circles. For example, its living area is larger than about 97% of homes on Markham Road, and its lot size is bigger than about 93% of homes on the same street. This gives a clear, data-driven sense of its standout features within a specific context.

2. The home is older than most in Waverley Heights. Should I be concerned?
Not necessarily. The build year (1974) is actually the average for Markham Road itself, indicating the street has a consistent, classic character. While it may require more inspection for systems like roof, windows, or plumbing compared to a newer home, this is typical for well-maintained properties of this era and is often factored into the price.

3. Does a higher tax assessment mean my property taxes will be much higher?
A higher assessed value is one factor in calculating taxes, but it doesn’t directly translate to a proportionally higher bill. The assessment indicates the city views this property as more valuable than many in the area. Your actual tax bill will depend on the final municipal tax rate. It’s wise to budget based on current taxes for the address.

4. The lot size is a major advantage. What could that mean for me?
Beyond simple privacy, a lot this far above average for the street offers rare potential in an established neighbourhood. It could allow for expansions like a large deck, garden, or shed that might not be possible on smaller, standard lots, providing extra functional space without moving.

5. How reliable are these comparisons?
The data provides a strong, objective snapshot against public records for core tangible metrics like size and assessed value. It’s excellent for understanding the property’s physical standing. However, it does not account for interior condition, renovations, layout, or curb appeal, which are critical to a home's value and feel. These factors require a personal viewing and professional inspection.