Property Overview
This home at 1312 Waller Avenue in Winnipeg's Maybank neighbourhood presents a solid, middle-of-the-road opportunity. Built in 1955, its 1,100 sqft living space and $360k assessed value are consistently "around average" when compared to the street, the neighbourhood, and the city overall. Its standout feature is the 5,104 sqft lot, which is notably larger than most on Waller Avenue itself. The property last sold between $250k-$300k in 2020.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance and potential. It isn't an outlier in size, value, or age, which suggests a stable, predictable investment in a mature neighbourhood. The lot size is a key advantage, offering more outdoor space than many immediate neighbours—a valuable asset for gardening, expansion, or simply more privacy. Its assessed value has risen since its 2020 sale, reflecting broader market trends.
This home would suit practical, value-conscious buyers such as first-time homeowners looking for a manageable entry point without major compromises, or downsizers seeking a single-family home with a good yard in an established area. It’s for someone who sees a "blank canvas" in an average house on an above-average lot, where the value can be grown through updates or landscaping over time.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s $360k assessment is around the median for Maybank and citywide. Its last known sale price (2020) was below the current assessment, which is typical given recent market appreciation.
2. Is the lot size a significant advantage?
Yes, particularly on its own street. The lot ranks in the top 20% locally (70th out of 85), meaning it's larger than most direct neighbours, offering more usable outdoor space.
3. What does "around average" for the year built mean?
Built in 1955, the home is typical for its area. Buyers should anticipate maintenance and updates consistent with a house of this era, but it’s not among the oldest or newest in the broader context.
4. Can I find out the exact past sale price?
The listed sale price is a public data range. The exact price can be requested directly from the site via email; they provide this detail manually without using your email for marketing.
5. How can I better understand this property's context?
The listing suggests using a neighbourhood analysis map tool to visually compare this home with nearby properties on metrics like year built, lot size, and value.