Property Overview: 1345 Waller Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Waller Avenue in Maybank presents a compelling mix of space, value, and potential. Its most standout feature is the generous 6,328 sqft lot, which ranks in the top 7% on its street and top 25% citywide, offering significant outdoor space rare for the area. The house itself, built in 1957, is modest in size at 888 sqft, placing it below the local average for living space. This creates a distinct dynamic: a smaller, manageable home on a much larger-than-typical parcel of land.
The appeal lies in this very balance. The assessed value of $350k is around the average for the neighbourhood, suggesting a fair entry point. This property would ideally suit a value-conscious buyer—perhaps a first-time homeowner, a downsizer, or an investor—who prioritizes land over a large interior footprint. The large lot offers immediate room for gardens, play, or pets, and holds long-term potential for expansions or additions, subject to approvals. It’s a property that asks the buyer to see value in the land itself and the lifestyle it enables, rather than in a recently renovated or spacious interior.
Section 2: Frequently Asked Questions
1. How does the smaller house size compare to others in the area?
At 888 sqft, the living area is below the average for Maybank (approx. 1,043 sqft) and for Winnipeg overall. This indicates a more compact, efficient home layout.
2. What does the lot size ranking actually mean?
Ranking in the top 7% on Waller Avenue and top 25% citywide for land area confirms the lot is a significant feature. It is substantially larger than most comparable properties, offering ample yard space.
3. Is the assessed value a good indicator of the likely selling price?
The $350k assessment is around the neighbourhood and city average. Market conditions, property condition, and buyer demand will determine the final sale price, but this places it in a established value range.
4. The home was last sold between 2017-2025 for an estimated $250k-$300k. What does that mean for today's value?
This historical sale range shows the property has appreciated. The exact sold price is available upon request to the listing service, and the increase from then to the current assessment reflects market trends over that period.
5. What is the significance of the 1957 build year?
Built in 1957, the home is older than the citywide average but typical for its immediate street. This suggests potential for character but also means buyers should pay close attention to the condition of major aging components like the roof, plumbing, and electrical systems during an inspection.