Property Overview
This home presents a compelling mix of value and established comfort within the Winnipeg neighborhood of Valley Gardens. Its key appeal lies in its strong positioning within the broader community, offering above-average space and lot size for the area at a property tax assessment that is notably below the average for its immediate street. Built in 1976, the home is typical for its street and neighborhood but is slightly newer than the Winnipeg average.
The 1,267 sqft residence sits on a 6,267 sqft lot, which is larger than most in Valley Gardens. This combination suggests a good balance of indoor living space and outdoor potential. The property’s assessed value for taxes ($359,000) is a standout feature: while it sits near the city-wide average, it is significantly lower than the average on its own street, potentially indicating a relative value opportunity within a well-established setting.
This property would suit a practical buyer looking for a solid, move-in-ready home in a mature neighborhood without paying a premium for its specific street. It’s ideal for those who prioritize community-level amenities and space over having the largest home on the block, and for owners who appreciate a property tax assessment that is comparatively manageable for the area.
Frequently Asked Questions
1. Is the below-average assessment value on the street a good thing?
Typically, yes. It suggests your property taxes may be lower than many of your neighbors', while still allowing you to benefit from the established surroundings of the street and the desirable Valley Gardens community.
2. The living area is below the street average. Does that mean the house is small?
Not necessarily. While it's not the largest on John Taylor Place, its living area is actually above the average for the wider Valley Gardens community. It offers a comfortable size that is very much in line with, or exceeds, what is typical for the neighborhood you're buying into.
3. What does the lot size ranking tell me?
Your lot is larger than approximately 81% of lots in Valley Gardens. This is a significant advantage, offering more private outdoor space, gardening potential, or room for additions like a deck or shed compared to many nearby homes.
4. The house was built in 1976. What should I consider?
Homes of this era are common in mature Winnipeg neighborhoods. It's wise to pay close attention to the condition of major systems that may be near or past their typical lifespan, such as the roof, windows, plumbing, and electrical, during your inspection.
5. How should I interpret these rankings when considering the home's value?
They highlight a key dynamic: this home offers the space and lot benefits of the broader, sought-after Valley Gardens area, but at an assessed value that is more accessible than others on its specific street. It represents a balanced purchase within a desirable community.