Property Overview: 106 Greensboro Square, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained home on Greensboro Square presents a practical opportunity in the Waverley Heights neighborhood. Its key appeal lies in its relative value and efficient footprint. With a living area of 1,035 sqft and an assessed value of $332k, it sits below the averages for both its immediate street and neighborhood, but aligns more closely with the Winnipeg citywide average. This suggests a price point that may offer easier entry into a desirable area.
The home was built in 1978, which is newer than most in the wider city and notably above average for the Waverley Heights area itself—a positive for buyers mindful of the potential for newer core systems. The lot size is compact at 2,939 sqft, meaning lower maintenance but less private outdoor space. This profile suits first-time buyers, downsizers, or investors seeking a manageable property in a stable neighborhood without a premium price tag. It’s a home for those who prioritize location and practicality over sheer size, offering a chance to live in a community where the house itself is one of the more recently built.
Section 2: Frequently Asked Questions
1. Is this house overpriced or underpriced given the assessed value?
The assessed value of $332k is below the average for both Greensboro Street ($382.7k) and Waverley Heights ($398.1k). This doesn't automatically mean it's a bargain, but it does indicate the property is valued at a lower baseline than its immediate peers, which could reflect its smaller size and lot.
2. What does the "newer" build year (1978) actually mean for me?
Being built in 1978 places this home above the neighborhood average. In practical terms, it may have undergone fewer major renovations than older homes and could feature modernized electrical or plumbing systems from its era, potentially reducing immediate update costs.
3. How big is the lot, and what are the implications?
The lot is 2,939 sqft, which is significantly smaller than the neighborhood norm. This translates to less yard maintenance, which is a benefit for those seeking a low-maintenance lifestyle. The trade-off is limited space for expansions, large gardens, or extensive outdoor privacy.
4. The living area is below average. How will that feel?
At 1,035 sqft, the living space is efficient. It will suit individuals, couples, or small families who prioritize cozy, manageable spaces over sprawling rooms. The floor plan's layout will be more important than the square footage alone in determining how livable it feels.
5. Why are the rankings for value and size so different from street to city level?
This highlights the character of the immediate area. Greensboro Square and Waverley Heights consist of homes that are generally larger and higher in value than the Winnipeg average. So, while this property seems "below average" on its street, it is much closer to the typical Winnipeg home, underscoring that it's in a well-established neighborhood.