Property Summary: 55 Greensboro Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This well-established home in Waverley Heights presents a compelling blend of space, location, and value. Its key appeal lies in its above-average scale relative to its immediate surroundings. With 1,622 sqft of living area and a 7,888 sqft lot, it offers more room than most comparable homes on its street and in the wider neighborhood. Built in 1981, it is a newer build for the area, which can suggest updated infrastructure and materials compared to older peers.

The property’s assessed value of $440k sits above local averages, reflecting its premium positioning on Greensboro Bay. This isn't just a home that meets area standards—it consistently ranks in the top 15% of its street and top quarter of its neighborhood across multiple metrics. It suits buyers looking for a move-in ready home in a mature community who prioritize space and a established streetscape over a brand-new build. It’s particularly suited for those who value a larger lot for privacy, gardening, or expansion potential, and who appreciate a home that already stands out positively in its local market context.

Section 2: Frequently Asked Questions

1. What does the "Above Average" ranking actually mean for me?
It means that compared to similar homes used for assessment, this property scores highly on specific metrics. For example, it has more living space and a larger lot than roughly 85-90% of the homes directly on Greensboro Bay. This suggests a tangible advantage in scale and potentially in future value retention within its micro-market.

2. The home was built in 1981. Are there any concerns with that era?
Homes from the early 1980s are generally built with modern techniques and materials. However, it's wise to have systems common to that period, such as the original roof, windows, plumbing, and electrical, inspected to understand their remaining lifespan and any need for updates.

3. The assessed value is higher than the area average. Will my property taxes be much higher?
While a higher assessed value is a primary factor in calculating property taxes, it doesn't guarantee proportionally higher taxes. Tax rates are applied by the city, and the final bill depends on the municipal budget. The assessment does indicate the city views this as a premium property within its peer group.

4. How significant is the larger lot size?
A lot size of nearly 7,900 sqft is a notable asset. On a street where the average lot is around 5,835 sqft, it provides extra outdoor space, greater distance from neighbors, and more flexibility for landscaping, adding a deck or patio, or even future additions (subject to zoning and permits).

5. The city-wide ranking for living area is lower than the street ranking. Why?
This highlights the value of location. While the home's living area is above average for its specific street and neighborhood, newer subdivisions or different areas of Winnipeg may have larger modern floor plans. This data reinforces that this home is a top-tier option within its established, desirable community of Waverley Heights.