Key Characteristics & Buyer Profile

This is a 2023-built home with 1,613 square feet of living space, sitting on a 2,822-square-foot lot at 7 Inez Crossing. Its standout feature is its age: it ranks in the top 1% of homes citywide for newness, which is uncommon in an older market like Winnipeg. The assessed value of $519,000 lands in the top 17% citywide, reflecting a property that holds above-average market position overall.

Where the property really appeals is in its relative value within its own neighbourhood. In Waverley West B, where the average assessed home is $629,000 and the average living area is nearly 2,000 square feet, this home is priced below the local norm. That makes it a practical entry point into a newer suburban area that tends to command higher numbers. On its own street, it sits fairly close to the average in both size and value.

The lot is compact—well below neighbourhood and city averages. That’s a trade-off worth noting: you get a very new house in a growing area, but you won’t have a large yard. The home would suit buyers who prioritize a modern, move-in-ready interior and a lower-maintenance property over space for gardening or expansion. It’s a good fit for first-time buyers looking for something newer without stretching into the top of the local market, or for downsizers who want a recent build without the premium of a custom home.

Frequently Asked Questions

1. How does this home compare to others on the same street?

It’s near the middle of the pack. In terms of size, it ranks 18th out of 30 homes, with the street average at 1,701 sqft. Its assessed value ranks 21st, close to the street average of $562,000. Build year is slightly below the street average (2024 vs. 2023), which is negligible for a new home.

2. Is the lot size a problem for resale value?

It depends on the buyer pool. In Waverley West B, the average lot is nearly 13,000 sqft, so this lot is small by comparison. That may limit appeal for buyers wanting space for additions or large yards. However, smaller lots are common in newer infill-style developments and can be a plus for those who prefer less upkeep.

3. Why is the assessed value lower than the neighbourhood average?

The neighbourhood average is $629,000, while this home is assessed at $519,000. That gap likely reflects differences in square footage and lot size, as well as the fact that the home is newer but not the largest or most upgraded on the block. It positions the home as a more affordable option within a higher-value area.

4. How does the construction year affect property tax or insurance?

Newer homes often come with lower insurance premiums and fewer immediate maintenance costs. The 2023 build year means modern building standards, which can also be favourable for energy efficiency. Property tax is based on assessed value, not age, so the $519,000 figure is the key number for tax calculations.

5. What should I look out for when viewing the property?

Given the small lot and newer build, check how the interior space is laid out—1,613 sqft in a new home can feel different depending on floor plan efficiency. Also confirm whether the backyard is fully fenced and how it compares to neighbouring lots in terms of privacy. Since the home is very new, ask about any remaining builder warranties and whether landscaping or basement development has been completed.