Property Summary: 80 Greensboro Bay, Winnipeg

Section 1: Overview & Appeal

This well-situated home on Greensboro Bay presents a compelling opportunity in the Waverley Heights neighborhood. Its key strength lies in its above-average living space (1,456 sqft) compared to both the immediate street and the wider neighborhood, offering more room than many nearby homes. Built in 1978, it is also notably newer than the Winnipeg average for comparable properties.

The appeal is rooted in its strong positional value. The property ranks highly on its own street—in the top 17% for both size and assessed value—suggesting it is one of the more substantial and desirable homes in this specific location. This creates a sense of established quality within a known micro-area. The lot size, while average for the street, is above average city-wide, offering good outdoor space.

This home would suit buyers looking for a move-in ready property in a mature neighborhood who value space and a proven street profile over a brand-new build. It’s ideal for someone who appreciates that the home already stands out positively among its closest neighbors in terms of scale and value, offering a degree of long-term stability and investment within the local context.

Section 2: Frequently Asked Questions

1. What does the "above average" ranking on the street actually mean?
It means that compared to the 53 similar homes on Greensboro Bay, this property is in the top tier for living area and assessed value (ranked #9). Essentially, you're getting one of the larger and more valuable homes on this specific block.

2. The city-wide living area is noted as "around average." Is that a concern?
Not necessarily. It reflects that this home is very typical in size for the broader Winnipeg market, which is positive for general resale. The more significant point is that it outperforms its immediate neighborhood and street, which often has a greater impact on day-to-day living and value retention.

3. The home was built in 1978. What should I consider?
While newer than the city-wide average, a home of this age will likely have had updates. The key due diligence would be to investigate the condition and age of major systems (roof, windows, furnace, electrical) and any renovations, as these factors matter more than the build year alone.

4. How should I interpret the different rankings for land area?
The lot is a comfortable, standard size for the street and neighborhood. Its "above average" ranking city-wide is a bonus, indicating you have more outdoor space than many Winnipeg properties, but it’s not an unusually large lot for this specific area.

5. Does a higher assessed value than the street average mean my taxes will be higher?
Typically, yes. A higher assessed value generally correlates with higher property taxes, as it indicates the municipality values the property more highly than others on the street. This is often a trade-off for owning a more substantial home in a desirable location.