Property Overview

This vacant residential lot at 103 Tej Bains Place in Waverley West presents a straightforward opportunity for a buyer to build a new home. Its primary appeal lies in its location within a modern Winnipeg suburb and its generous land size. The lot is over 4,700 square feet, placing it in the top tier for size within its immediate area. The data suggests it is one of the newest available plots on its street and in the wider neighbourhood, indicating it is part of a recent phase of development.

The property would suit a buyer looking for a blank canvas—someone ready to undertake a custom build or work with a builder in a developing community. Its value is in the land itself, offering the chance to create a home tailored to specific needs without the constraints of an existing structure. A thoughtful perspective is that while building new offers total control, it also requires careful consideration of development timelines, builder selection, and additional costs for services and landscaping that aren't reflected in the lot price alone.

Frequently Asked Questions

1. What does the assessed value represent?
The listed assessed value of $16,100 is the municipal valuation for taxation purposes on the vacant land. It is not the market listing price. The sale price for the lot will be determined by current market conditions.

2. Are utilities available to the lot?
As a lot in the developing Waverley West area, services like water, sewer, and electricity are typically available at the property line. It is essential to confirm this with the seller or the city, and to understand any associated connection fees.

3. What are the building restrictions or covenants?
Most new suburban developments have specific architectural guidelines or restrictive covenants. These can govern the style, size, and placement of the home. Reviewing these rules is a crucial step before purchasing to ensure your building plans are permissible.

4. How do the nearby property values compare?
The provided comparisons show a wide range of assessed values nearby. This is because some are vacant lots similar to this one, while others are completed homes. The higher values (e.g., $450k, $840k) are for built houses, illustrating the potential end value once a home is constructed on this plot.

5. Is the lot ready to build on?
While services are likely available, "ready to build" status means the lot is fully graded and has all necessary municipal approvals. A buyer should verify there are no outstanding levies or development conditions that need to be satisfied before a building permit can be issued.