Property Overview: 1008 Waller Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 1008 Waller Avenue in Maybank is a classic, no-frills property defined by its practicality and value. Its key characteristic is its modest 709 sqft living area, which is notably compact compared to most homes on its street, in the neighbourhood, and across Winnipeg. Built in 1950, it sits on a reasonably sized lot of just over 5,000 sqft, which is fairly typical for the area.
The primary appeal lies in its accessibility and potential. With a low assessed value and a last known sale price in the $200k-$250k range (2019), it represents a clear entry point into the Winnipeg market. This isn't a move-in-ready showcase home; its value is as a foundation. It would perfectly suit a first-time buyer, an investor looking for a rental property, or a hands-on individual seeking a manageable project. The appeal is for those who see a lower financial barrier to entry and a canvas for personalization, rather than those seeking immediate modern luxury or ample space. The lot size offers a relative advantage, providing decent outdoor space that is uncommon for many newer, denser developments.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 709 sqft, the home is significantly smaller than average. It would suit a single person, a couple, or someone looking to downsize efficiently. Its layout and how the space is used will be far more important than the square footage alone.
2. What does the assessed value tell me?
The assessed value of $30,400k is used for calculating property taxes and is not the market price. Its low assessment relative to city averages suggests a lower tax burden, but the market sale price will be influenced by many other factors, including condition and recent sales of similar homes.
3. How does the lot size compare?
The lot of 5,108 sqft is around average for Maybank and city-wide. This is a positive aspect, offering more outdoor space than many newer infill properties, which could be used for gardening, expansion, or simply added privacy.
4. What can the 2019 sale price range tell me?
The previous sale price ($200k-$250k) provides a historical benchmark, but it is now several years old. Market conditions have likely changed. It's best used as a starting point for research, not a definitive current value.
5. Who are the most relevant comparable properties?
For a true sense of value, look beyond just assessed value matches. Focus on recently sold homes in Maybank with similar square footage, lot size, and age. The "Nearby Properties" listed, like 1014 or 1004 Waller Avenue, will be more relevant comparables than a home with the same assessment but in a different neighbourhood.