Property Overview & Key Characteristics
This property at 603-295 Frontier Trail is a newly built (2024) home in the Waverley West B neighbourhood. With 1,234 sqft of living space, it sits close to the average for its immediate street and community, but ranks within the top quarter of all comparable homes across Winnipeg for size. A notable feature is its modern build year, which places it in the top 1% of homes city-wide for newness.
The appeal lies in its balance of contemporary construction and space. While its tax-assessed value is below the average on its own street, it is above the city-wide average, suggesting it may offer good value within a newer, developing area. This home would suit first-time buyers or young families looking for a modern, move-in-ready property without the premium often associated with the newest homes in more established areas. It’s also a practical choice for those who prioritize newer infrastructure and want to avoid the immediate maintenance concerns of older homes.
Frequently Asked Questions
1. Is the living space considered large for Winnipeg?
Yes. While it’s near the average for its specific street and community, this home’s square footage is above the city-wide average, placing it in the top 24% of all comparable Winnipeg properties.
2. The tax assessment seems low for the street. Does that mean it’s undervalued?
Not necessarily. The assessment is below the street average but still above the Winnipeg average. This is common in new, homogeneous subdivisions where similar models are built close together. A slightly lower assessment could translate to marginally lower property taxes, which is a practical advantage.
3. What does the "top 1%" ranking for build year actually mean?
It means this is one of the newest homes on the market in Winnipeg. Compared to the city-wide average build year of 1990, this 2024 construction offers modern building standards, energy efficiency, and likely comes with builder warranties still in effect.
4. Who would this property not be ideal for?
Buyers seeking a unique or character-filled older home, or those who prioritize a mature, tree-lined streetscape often found in established neighbourhoods, might find this property less appealing. It’s situated in a new community where the landscape and amenities are still developing.
5. How should I interpret the different rankings for street, community, and city?
They provide valuable context. The street/community rankings show how the property compares to its direct neighbours (useful for resale competition). The city ranking shows its broader market position. Here, the home shines in city-wide comparisons for newness and size, which are strong selling points beyond the immediate area.