Property Summary: 241 Gull Lake Road, Waverley Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a compelling blend of above-average modern comfort within a well-established neighborhood. Its key appeal lies in its strong relative value and move-in-ready foundation compared to its immediate surroundings.

The 1,293 sqft residence stands out on its street, ranking in the top 9% for living space and offering more room than the local average. It is a notably newer build (1992) for the area, ranking in the top 3% within Waverley Heights, suggesting updated infrastructure and potentially lower near-term maintenance costs than older peers. The property’s assessed value is consistently above average across all comparison levels, reflecting its perceived quality and positioning within the market.

This home would suit practical buyers looking for a balanced proposition: more modern construction in a mature neighborhood, without the premium of a brand-new custom build. It’s ideal for those who value space and a newer build over a very large lot, as the yard size is more typical for the street but smaller than the broader community average. It represents a smart choice for professionals or small families seeking a comfortable, low-hassle home in a convenient location, with the data indicating they would be acquiring an asset that performs well against key metrics on its block.

Section 2: Frequently Asked Questions

1. What does the "above average" assessment value really mean?
It means the city's tax assessment for this home is higher than the typical home on its street, in its neighborhood, and across Winnipeg. This often correlates with a stronger market value, but it also directly influences your annual property tax bill, which should be factored into your budget.

2. The house is newer than most in the area. What are the implications?
A 1992 build likely means more modern electrical wiring, plumbing, and insulation standards than homes built decades earlier. This can translate to better energy efficiency and fewer immediate major system replacements. However, it's still a 30+ year-old home, so a thorough inspection of the roof, windows, and major appliances is still essential.

3. The land size is noted as "close to average." Is that a disadvantage?
Not necessarily. On Gull Lake Road, the lot is actually larger than the street average. It is smaller compared to some larger lots in the wider Waverley Heights area, but this often means less yard maintenance. It reflects a typical suburban lot size for its era, offering a balanced space for a patio, garden, and recreation without being overwhelming to upkeep.

4. How should I interpret the ranking data for living space?
The data shows this home offers more interior space than 91% of comparable homes on its own street. While it's closer to the average when compared to the entire city, its standout performance locally is a key feature. You are getting a relatively spacious home for that specific, in-demand location.

5. Does a high assessment rank guarantee a higher resale value?
While a consistently high assessment is a strong positive indicator, it is not a guarantee. Market value is ultimately determined by what buyers are willing to pay. The assessment suggests the home has valuable attributes, but final sale price will depend on condition, updates, market trends, and buyer competition.