Property Summary: 1107 Waller Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Waller Avenue in the Maybank neighbourhood presents a solid, value-oriented opportunity. Its key appeal lies in its strong position relative to its immediate area. While the 970 sqft living space is modest compared to the city average, it is quite typical for the street and neighbourhood. The standout characteristic is its assessed value of $38,300, which ranks in the top 20-22% for both Waller Avenue and Maybank, suggesting the property is assessed more highly than many of its direct peers—a point for potential buyers to explore.
Built in 1959, it is an older home but is actually newer than many on its street and in the area. The lot size is average for the location. Recent sale history shows a significant price increase between 2016 and 2021, indicating the area has seen appreciation.
This property would best suit a pragmatic buyer looking for an entry point into a stable neighbourhood, who values a standard-sized lot and is comfortable with a home of this vintage. It’s less suited for those seeking above-average square footage. A thoughtful perspective is that its higher assessment ranking could signal better maintenance or improvements relative to neighbours, or it may simply reflect the nuances of municipal valuation—due diligence is key.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 970 sqft, the home is slightly below the city average but is very typical for the Maybank area. It ranks in the top 69% for size on its own street, meaning it's actually larger than many immediate neighbours.
2. What does the assessed value ranking mean?
The assessment ranks in the top 22% for the neighbourhood. This generally means the city has assigned it a higher value than most comparable homes nearby. It's important to understand what specific features or conditions contribute to this.
3. How old is the house, and what does that imply?
The home was built in 1959. While 67 years old, it ranks as newer than over 75% of homes on Waller Avenue. Buyers should budget for updates consistent with this age and consider a thorough inspection.
4. Has the property value increased?
Public data indicates it sold in the $250k-$300k range in 2016 and the $400k-$450k range in 2021. This suggests strong appreciation over that five-year period, though market conditions have evolved since.
5. How can I get the exact historical sale prices?
The site provides sold price ranges based on public data. To obtain the exact sale prices, you must request them via email. The service is manual, with a promised reply by the end of the same business day, and they state your email will not be used for unsolicited marketing.