Property Overview: 47 Quincy Bay, Waverley Heights, Winnipeg

Key Characteristics & Buyer Profile

This 1977-built home on Quincy Bay presents a balanced and value-oriented proposition. With 1,120 sqft of living space, it sits comfortably within the average range for its street, neighborhood, and the wider city, offering a practical layout without excess. Its standout feature is its assessed value of $473k, which ranks significantly above average on its street (Top 15%) and in Waverley Heights (Top 13%). This suggests the property is perceived as a strong asset relative to its immediate peers, potentially due to specific updates, condition, or its position on the block.

The appeal lies in this combination of solid value and established community. The lot size of 6,358 sqft is notably above the citywide average, providing generous outdoor space in a mature neighborhood. While the home itself is not the largest or newest on the street, its above-average valuation on a street of generally higher-valued homes indicates a well-regarded property. It would suit pragmatic buyers—perhaps first-time homeowners or downsizers—who prioritize lot size, proven value retention in a stable area, and a move-in ready home over ultra-modern finishes or maximum square footage. It’s a home for those who see value in established neighborhoods and tangible equity over flashier, more speculative purchases.

Frequently Asked Questions

1. Is the above-average assessed value a good sign?
Yes, generally. It indicates municipal assessment recognizes this property as worth more than many comparable homes in the area, often reflecting good condition, desirable location on the street, or improvements. However, it's wise to understand how this assessment aligns with current market values and your offer price.

2. How does the 1977 build year affect the home?
Built in the late 1970s, the home likely has a functional layout and may have seen important system updates (like roof, windows, or furnace) over the years. Buyers should focus on the inspection report for the condition of these aging components rather than the year itself.

3. The living area is described as "around average." Is that a drawback?
Not necessarily. For many buyers, 1,120 sqft provides ample space for daily living without the higher utility costs and maintenance of a much larger home. It represents a efficient use of space in a desirable location.

4. What does the lot size ranking tell me?
While the lot is slightly smaller than the street average, it is larger than the typical Winnipeg lot. This means you get more private outdoor space than many city homes, a valuable asset for gardening, recreation, or future expansion, while still being part of a established, neighborhood streetscape.

5. Who is the ideal buyer for this property?
This home is ideal for value-conscious buyers seeking a established neighborhood. It suits those who appreciate a larger yard and a home with strong assessed value relative to its area, and who are comfortable with a property from the 1970s that may require thoughtful updates over time. It’s less suited for those seeking a brand-new build or the very largest home on the block.