Property Summary: 1124 Waller Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Waller Avenue in Maybank presents a distinct profile. Its primary appeal lies in offering above-average interior space (1,265 sq ft) for its immediate area and neighbourhood, ranking in the top 18% and 11% respectively for living area. This makes it a notably roomier option compared to many nearby homes. The lot size is a standard city dimension at just over 5,000 sq ft, providing typical outdoor space.
The property’s character is defined by its age. Built in 1921, it is significantly older than most homes on its street and in Winnipeg overall. This suggests potential for classic architectural details but also implies that its condition, updates, and systems will be crucial factors for a buyer. The assessed value is modest relative to the citywide average, which may indicate an opportunity for value-conscious buyers or those willing to invest in updates.
This home would suit a practical buyer who prioritizes interior space over a modern build. It’s a fit for someone looking for a character home with room to grow in a mature neighbourhood, who is either comfortable with a vintage property or sees potential in a thoughtful renovation. Its profile is less suited for those seeking a new, low-maintenance home or for whom the highest possible assessed value is a primary concern.
Section 2: Frequently Asked Questions
1. What does the "below average" ranking for Year Built practically mean?
It means this 1921 home is among the oldest 2-3% of houses on its street. Buyers should prioritize a thorough inspection focusing on foundational integrity, plumbing, electrical systems, and insulation, as these can be significant considerations in a century-old property.
2. If the living area is above average but the assessed value is average or below, what could that indicate?
This combination often points to one of two things: either the home’s condition or specific features have kept its official valuation lower despite its size, or the interior layout and functionality may differ from modern expectations. It highlights the importance of viewing the space in person to understand its flow and utility.
3. How reliable are the sold price ranges shown?
The ranges are based on available public data. For precise historical sale figures, which are crucial for accurate offer strategy, you must request the exact data via the provided email service, as this information is not fully disclosed in public records.
4. The home sold in 2016 and again in 2022. Should I be concerned?
Not necessarily. A six-year hold is a typical timeframe. The price increase from the $250k-$300k range in 2016 to $300k-$350k in 2022 reflects market trends over that period. The key question is what changes or improvements, if any, were made during that ownership.
5. What is the benefit of reviewing the "Neighbourhood Analysis Page" mentioned?
This tool allows you to visually compare this property directly with its neighbours on a map, not just by statistics. You can see patterns in lot sizes, building ages, and values block-by-block, giving you a clearer sense of whether this home is an outlier or fits the local streetscape.