Property Overview: 111 Quincy Bay, Waverley Heights, Winnipeg
Key Characteristics & Appeal
This 1977-built home on Quincy Bay presents a balanced proposition centered on land value and location. Its primary appeal lies in its generous 7,243 sqft lot, which ranks in the top 20% for size both on its street and within the wider Waverley Heights neighborhood. This offers significant outdoor space and potential not found in many newer subdivisions. The home itself, at 1,008 sqft of living area, is functionally sized but notably below the local and city averages, suggesting a more efficient or compact footprint.
The property’s assessed value of $412k sits consistently around the average benchmark for its immediate street and area, indicating a stable, established valuation. A thoughtful perspective is that this home represents an opportunity to own a well-sized property in a mature neighborhood without the premium often attached to larger houses. It would suit first-time buyers or downsizers seeking a manageable interior with ample yard space for gardening, pets, or future expansion. The data suggests you are purchasing the land and location, with the house offering a solid, entry-level canvas.
Frequently Asked Questions
1. Is the living area a concern?
At 1,008 sqft, the home is smaller than most comparable properties in Winnipeg. This suits simpler living needs but may require creative use of space or an appreciation for low-maintenance interiors.
2. What does the lot size ranking actually mean?
Ranking in the top 17% on the street for land area means this property has one of the larger lots on Quincy Bay. It provides more private outdoor space than most of its direct neighbors.
3. How does the year built affect the home?
Built in 1977, the home is slightly newer than the average on its street. This can mean somewhat updated building materials and systems compared to older area homes, but it still requires a thorough inspection for components nearing the end of their lifespan.
4. Is the assessed value a good indicator of the market price?
The assessed value is for municipal tax purposes. That it aligns with area averages suggests the property is not anomalously over or under-valued by the city, but the final sale price will be determined by the current market.
5. What is the main takeaway from this data profile?
The profile highlights a trade-off: you acquire an above-average sized lot in a stable area, while accepting a living space that is functionally smaller than the norm. The value is in the land and the established neighborhood setting.