Property Summary: 1030 Clarence Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 2024-built home on Clarence Avenue in Maybank is a distinctly modern offering in a neighbourhood of mostly older homes. Its primary appeal lies in its new construction status, offering move-in readiness, modern building standards, and freedom from major near-term repairs. With 1,435 sqft of living space, it provides above-average roominess for both its immediate street and the Maybank area. The property’s standout characteristic is its elite-tier assessed value relative to its local context, ranking in the top 5% on its street and top 2% in Maybank, suggesting a premium valuation for its newness and size.
However, the perspective shifts when considering the land. The lot is notably compact, ranking in the bottom 11% on Clarence Avenue and bottom 5% city-wide. This creates a specific trade-off: you are acquiring a modern, spacious interior on a low-maintenance parcel, but with limited outdoor private space. This home would ideally suit a buyer who prioritizes a new, worry-free interior over a large yard—perfect for professionals, small families, or downsizers seeking modern comforts without extensive yard work. It’s less suited for those envisioning expansive gardens, significant outdoor entertaining, or future large additions.
Section 2: Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
It indicates the city’s assessment for this property is significantly higher than most homes on its street and in Maybank. This primarily reflects its new construction and larger living area compared to older, smaller neighbours, but it is not a direct market price.
2. Is the compact lot size a major drawback?
It depends on your lifestyle. It means lower maintenance and less yard work, which is a benefit for many. The trade-off is limited private outdoor space for gardening or play, making proximity to community parks more important.
3. As a newly built home, what should I still investigate?
While major systems are new, inquire about the builder’s warranty details and ensure all final municipal inspections and occupancy permits are closed. Also, review the survey to understand exact lot lines and any easements on the smaller parcel.
4. How does the sold price range compare to the assessed value?
The 2024 sold price range of $550k-$600k is substantially higher than the $54,800 assessed value. This is normal, as municipal assessments for tax purposes often lag behind and do not equate to market value. The sale price reflects what a buyer recently paid in the open market.
5. Who are the most likely neighbours, given the age of nearby homes?
The immediate neighbours are likely in homes built decades earlier (the area average is circa 1960). This can mean a mix of long-term residents and newer buyers. The modern nature of this home makes it an outlier, which could be appealing for those wanting something different.