Property Overview

This home at 7 Peacock Place in Waverley Heights presents a compelling blend of space, value, and established character. Its key appeal lies in offering above-average living area within a well-regarded community, paired with a relatively manageable property tax assessment.

Key Characteristics & Appeal

The standout feature is the generous 1,589 sqft of living space, which ranks within the top 15% of the Waverley Heights community and exceeds averages for the street, area, and the city of Winnipeg. This makes it a notably spacious option for the neighborhood. Built in 1981, the home is newer than most on its street and in the broader community, suggesting potentially fewer immediate concerns with aging infrastructure compared to older stock.

Interestingly, the assessed value for taxes is below the average for Peacock Place itself and aligns closely with wider area averages. This creates a value proposition where you get more interior space than typical for the area without a proportionally higher tax assessment. The lot size is standard for the community, offering manageable outdoor space without excessive maintenance.

This property would suit buyers prioritizing interior square footage and modernized systems within an established neighborhood. It’s ideal for growing families or those who work from home and need dedicated space. The profile also appeals to value-conscious buyers looking for a home with above-average metrics in a desirable area without the premium price tag often associated with such standings.

Frequently Asked Questions

1. What does the ranking in the "top 15%" for living area actually mean?
It means this home's interior square footage is greater than approximately 85% of comparable homes in the Waverley Heights community. You are getting more space than the vast majority of similar properties in the area.

2. The tax assessment is below the street average but the house is newer and larger. Why?
Municipal assessments consider many factors beyond just size and age, including recent sales of comparable homes, specific interior conditions, and market trends. This discrepancy can sometimes indicate an opportunity, but it's wise to verify the condition and any updates through a viewing and inspection.

3. The home was built in 1981. What should I be aware of with a house of this age?
While newer than many in the area, homes from this era may have original components nearing the end of their service life, such as roofing, windows, or major appliances. It's also the period when aluminum wiring was being phased out, so a professional inspection is crucial to identify any specific updates needed.

4. How does the lot size compare, and what are the implications?
At just under 6,000 sqft, the lot is very typical for Waverley Heights. It provides a good balance of private outdoor space and manageable yard work. It's smaller than the average lot on Peacock Place specifically, which may mean slightly less privacy or garden space than some direct neighbors but is unlikely to feel cramped.

5. Are these rankings based on current listings or all homes in the area?
The rankings compare this property to all comparable homes in the respective geographic areas (street, community, city), not just those currently for sale. This provides a more stable, long-term view of how the property measures up in the broader market context.