Property Overview: 138 Werrell Crescent, Valley Gardens, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home presents a solid, balanced offering in the Valley Gardens neighborhood. Built in 1978, it is notably newer than many homes on its street and in the wider city, suggesting potentially fewer immediate concerns with aging infrastructure. The 1,120 sqft living space is consistent with the local area averages, providing practical space for daily life.
The property’s standout feature is its 5,999 sqft lot, which is generously sized compared to most of its immediate neighbors and the broader neighborhood. This above-average outdoor space is a significant asset, offering room for gardening, recreation, or future expansion.
With an assessed value aligned with local norms, this home represents a stable, middle-of-the-market opportunity. Its appeal lies in its consistency and the value of its land parcel. It would suit pragmatic buyers—such as first-time homeowners, small families, or downsizers—who prioritize a move-in-ready footprint on a desirable lot over a need for extensive renovations or premium city-wide square footage. It’s a home that offers a slight edge in its immediate context through its newer build date and larger yard, rather than through standout size or assessed value.
Section 2: Frequently Asked Questions
Q: How does this home truly compare to others nearby?
A: The data shows it is a very typical home for Valley Gardens in terms of living space and value, but it has two positive differentiators: it was built slightly later than most on the street, and it sits on a larger-than-average lot for the neighborhood.
Q: Is the assessed value a reliable indicator of the listing or sale price?
A: Municipal assessed values are used for tax purposes and are not a direct appraisal. Sale prices are determined by the current market. However, the fact that its assessment is in line with local averages suggests it is not an outlier, which can provide a baseline for market expectations.
Q: What does the "newer" build year (1978) practically mean for a buyer?
A: While still over 40 years old, a home built in 1978 may have components (like wiring, plumbing, or windows) that are a few years newer than those in neighboring houses built a decade or more earlier. This can sometimes mean updated standards or slightly deferred maintenance timelines, but a thorough inspection is always essential.
Q: The lot is larger than average, but what are the potential benefits or responsibilities?
A: A larger lot offers more private outdoor space, gardening potential, and room for additions like a shed or deck. It also means more yard maintenance. Importantly, land is a permanent asset, and a larger parcel can contribute to long-term value even if the house itself is average in size.
Q: The rankings show performance against "comparable homes." What defines a comparable home here?
A: The comparisons are likely based on homes with similar core characteristics, such as single-family dwellings within the same general area. This ensures you're comparing it to relevant alternatives, not condos or vastly different property types.