Property Summary: 15 Peacock Place, Waverley Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated home at 15 Peacock Place presents a practical opportunity in the Waverley Heights neighborhood. Built in 1981, it is notably newer than most homes on its street and in the wider area, which can suggest updated building standards and potentially lower immediate maintenance needs compared to older stock.

The property’s primary appeal lies in its balance and value positioning. With 1,090 sqft of living space and a 5,995 sqft lot, it sits comfortably around the average for both the neighborhood and the city. This isn't an oversized home or lot; it's a manageable, efficient footprint. The assessed value of $410k is the most affordable on Peacock Place itself, yet it aligns closely with neighborhood and city averages. This creates a compelling scenario: you're acquiring a home on a street with higher-value properties (street average $455k) but at an entry point, which can be a savvy long-term play for neighborhood equity.

This home would suit first-time buyers or downsizers seeking a solid, no-fuss property in a mature area without a premium price tag. It’s for the buyer who values a newer build year within an established community and sees the advantage of being the "lowest assessed" on a street—a position that often offers relative value and a clear path for adding value through thoughtful updates.

Section 2: Frequently Asked Questions

1. Is the living area smaller than average?
Yes, at 1,090 sqft, it is below the average for Peacock Place specifically. However, it is very close to the averages for both the Waverley Heights neighborhood (1,239 sqft) and the city of Winnipeg (1,342 sqft). This indicates the home offers a standard, efficient layout for the broader market.

2. Why is the assessed value the lowest on the street?
The assessed value is typically influenced by factors like living area, lot size, condition, and improvements. As this home has a smaller living area and a moderately sized lot compared to its street neighbors, a lower assessment is logical. It reflects a value-oriented entry point into a street where other homes are, on average, valued significantly higher.

3. What are the advantages of the 1981 build year?
Being built in 1981 makes this home newer than most in its immediate vicinity and the city overall. This often means construction methods and materials (like wiring and plumbing) are more modern than those found in mid-century homes, potentially reducing the urgency of major system updates.

4. How does the lot size compare?
The lot is just under 6,000 sqft, which is slightly below the street average but virtually identical to the neighborhood average. It provides a standard outdoor space for a home of this era—sufficient for gardening, recreation, and privacy, without the high maintenance of a much larger yard.

5. What does this data suggest about the property's potential?
The data paints a picture of a home that is average in most metrics for the city and neighborhood, but positioned at a relative value point on its own street. For a buyer, this can represent an opportunity to invest in a desirable location without paying the street's premium, with the potential to increase the home's value through updates over time.