Property Overview: 244 Augusta Drive

Key Characteristics & Appeal

This home presents a compelling value proposition in Winnipeg's Waverley Heights neighborhood. Its key characteristic is a below-average assessed value ($369K) on a street where comparable homes are valued significantly higher (average $427.8K). This creates an immediate entry-point advantage for the area. The living space (1,072 sq ft) is modest and below local averages, suggesting a home that is efficient and potentially easier to maintain. It sits on a standard-sized lot (just over 6,000 sq ft) that is consistent with the neighborhood.

The appeal lies in this value-for-money scenario within a well-established community. It’s a property that prioritizes land and location over square footage. It would suit first-time buyers seeking a foothold in a desirable area, value-conscious investors, or downsizers looking for a manageable home without leaving the neighborhood. A thoughtful perspective is that a smaller, older home (built 1975) on a good lot offers the next owner a clear canvas: the lower purchase price can fund meaningful updates or an expansion, allowing you to build equity on your own terms rather than paying a premium for a recently renovated home.

Frequently Asked Questions

1. Why is the assessed value so much lower than others on the street?
While specific reasons aren't listed, a lower assessment often reflects factors like the home's smaller size, its age, and the current condition or level of updates compared to neighboring properties. It's a key starting point for valuation but not a direct market price.

2. Is the smaller living area a major drawback?
It depends on your needs. The size is efficient and may mean lower utility costs and less upkeep. For some, it's a limitation; for others, it's a manageable layout. The lot size offers room for outdoor living or future expansion, which can offset the indoor space.

3. What does the "Top 98%" for year built on the street mean?
This statistic means this home is older than 98% of comparable homes on Augusta Drive. On this street, it's one of the original houses. This isn't inherently negative but indicates you should pay close attention to the condition of major aging components like the roof, windows, and mechanical systems.

4. How does this home really compare to the wider neighborhood and city?
The data shows it's very aligned with broader averages. Its lot size, assessed value, and build year are all around the neighborhood and citywide norms. Its standout trait is specifically its value relative to its immediate street, not the area as a whole.

5. Are these rankings a measure of quality?
No. The rankings are purely statistical comparisons of quantitative data like square footage and assessed value. A home that ranks "below average" in size isn't labeled as low quality; it's simply numerically smaller. They are useful tools for comparison, not qualitative judgments.