Property Summary: 245 Gull Lake Road, Waverley Heights, Winnipeg

Key Characteristics & Appeal

This home stands out for its substantial size and premium positioning within its established neighborhood. With 2,268 sqft of living space, it ranks in the top 1-2% of homes in both its immediate street area and the broader Waverley Heights community, offering significantly more room than local averages. The assessed value of $568k further reinforces its elite status on Gull Lake Road and in the neighborhood, suggesting a high-quality build, finishes, or desirable location within the area.

Its appeal lies in offering above-average space and value in a mature, sought-after setting. Built in 1993, it is notably newer than most surrounding homes, potentially meaning fewer immediate updates compared to older stock. The lot size, while generous on its own street, is more typical for the wider area, positioning the property as a spacious home rather than an expansive estate.

This property would ideally suit buyers looking for a move-in ready, sizeable family home in a prime neighborhood without the footprint or maintenance of an extremely large yard. It’s for those who prioritize interior space, modern conveniences (relative to the area's older housing stock), and a strong sense of established community over a brand-new build or a vast, private lot.

Frequently Asked Questions

1. What do the "Elite" and "Top X%" rankings actually mean?
They show how this property compares to similar homes. For example, being in the "Top 1%" for living area in Waverley Heights means 99% of comparable homes in the neighborhood are smaller. It's a data-driven way to confirm the home's standout features.

2. If the home is newer than most nearby, does that mean it’s more modern?
While built in 1993 (newer than the 1978-1984 area averages), the style and systems will reflect that era. It may offer more contemporary layouts than a 1960s home, but buyers should assess if any key components (like roof, HVAC, windows) are nearing the end of their typical lifespan.

3. The assessed value is much higher than street and neighborhood averages. Why?
This typically reflects the combination of its larger size, newer construction, and potentially superior amenities or condition. It indicates the city assessor views it as a premium property within the area, which is a positive for value retention.

4. How does the lot size impact the property?
At over 5,000 sqft, the lot is ample for a large deck, garden, and play area. Its ranking shows it's a standout on its own street but more typical for the city. This suggests a good balance of private outdoor space without the extensive upkeep of a much larger lot.

5. Who might this home not be ideal for?
Buyers seeking a very large, secluded yard or a brand-new, custom-built property may find it less suitable. Its value and appeal are tied to being a superior home within a well-established neighborhood context, rather than offering a remote or ultra-modern living experience.