Property Overview

This home presents a balanced and competitive offering in Winnipeg's Waverley Heights neighborhood. Its appeal lies in providing above-average space and lot size at a value-conscious point within its immediate area, all wrapped in a well-maintained, mature setting.

Key Characteristics & Ideal Buyer

The property is defined by its generous 7,148 sqft lot, which is consistently above average for its street, neighborhood, and the city overall, offering ample outdoor space. The 1,210 sqft living area is very close to the local averages, providing comfortable room without excess. A key, less obvious strength is its 1976 build year, which is the newest on its street (ranking in the top 3%), suggesting it may have had fewer owners or more recent updates compared to direct neighbors. However, its tax-assessed value ranks higher than average (top 30% citywide), indicating it is viewed as a premium property within its class, which is a consideration for both value and annual carrying costs.

This home would suit practical buyers who prioritize a larger yard in a settled community. It’s ideal for someone who values being in a home that is newer than others on the block, potentially minimizing immediate renovation needs. It also fits buyers who understand that a higher assessed value can reflect desirability but also translates to proportionally higher property taxes.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
The living space is very close to the average for both Montclair Bay street and the wider Waverley Heights area. The standout feature is the land size, which is larger than approximately 80% of homes in the community and 84% of homes across Winnipeg.

2. The build year is 1976. Is that considered old for the area?
On its specific street, this home is actually the newest among comparable properties. In the broader Waverley Heights neighborhood, it’s slightly older than the average, but for the entire city of Winnipeg, it’s close to the median age. This suggests the street is comprised of well-established, older homes, with this one being a relatively newer addition to that streetscape.

3. What does the tax assessment ranking tell me?
The home’s assessed value is above average for both the neighborhood and the city, placing it in the top 30% citywide. This typically means the municipal assessment sees it as a higher-value property, which can be positive for equity but also means property taxes will likely be higher than on a home with an average or below-average assessment.

4. Is this a good value for the street?
The data suggests a mixed value proposition. You are getting a newer home on the street with a larger-than-average lot. However, you are also paying for those advantages, as reflected in the above-average tax assessment. It represents a trade-off between premium features and a premium price point within the local market.

5. Where does this property have the biggest advantage?
Its most consistent advantage is the lot size, which is above average at every comparison level (street, neighborhood, city). Its most unique advantage is being the newest home on its block, which is a significant but very localized benefit.