Property Overview: 35 Augusta Drive, Waverley Heights

Key Characteristics & Appeal

This home at 35 Augusta Drive presents a compelling mix of relative value and modern build within its established Waverley Heights neighborhood. Its standout feature is its age: built in 1983, it is notably newer than almost all comparable homes on its street and in the immediate area, ranking in the top 5%. This suggests updated infrastructure, like plumbing and electrical, and potentially less immediate need for major retrofits compared to older peers.

The property’s assessed value of $420k sits consistently around the average when compared to the street, neighborhood, and wider Winnipeg market. This positions it as a competitively priced entry for the area. The living space (1,040 sqft) is more compact than many neighbors, which may appeal to those seeking lower maintenance and utility costs without sacrificing lot size—the 6,048 sqft land parcel is solid and provides ample outdoor space.

This home would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a newer construction year within a mature neighborhood. It’s for someone who sees the smaller interior footprint as an efficient layout rather than a limitation and values the potential stability and peace of mind that comes with a more recently built structure.

Frequently Asked Questions

Q: The house seems smaller than others on the street. Is that a concern?
A: The living area is indeed below the street and neighborhood averages. This typically translates to lower heating/cooling costs and less interior maintenance. It’s a trade-off: you’re getting a newer home (1983) on a full-sized lot, but with a more efficient floor plan.

Q: How does the assessed value relate to the likely selling price?
A: The assessed value ($420k) is for municipal tax purposes and is very close to the averages on this street and in Winnipeg. It’s a reliable baseline, but the final sale price will be determined by market conditions, the home’s interior condition, and buyer demand.

Q: What does the "newer build" ranking actually mean for me?
A: Being built in 1983, this home is significantly newer than the 1978 average on the street. In practical terms, this often means building materials, wiring, plumbing, and major systems are a generation newer, which can reduce the likelihood of age-related issues common in older homes.

Q: Is the lot size usable, or is it an odd shape?
A: The lot is just slightly below the street average (6,048 vs 6,210 sqft) and is a very standard size for the area. The numbers suggest a typical, rectangular residential lot, not an irregular or undersized parcel.

Q: How does this property rank for investment or resale?
A: Its consistent "around average" valuation across street, neighborhood, and city levels suggests stable, market-aligned pricing. The newer build year is a distinct long-term advantage that may appeal to future buyers, similar to how it stands out now. The balance of a newer home on a good lot at an average price points to steady, rather than speculative, value.