1130 Markham Road

Property Summary: 1130 Markham Road, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated home on Markham Road presents a practical opportunity in Winnipeg's Waverley Heights area. Its key appeal lies in its balance of a manageable size and a valuation that sits below the neighborhood average, suggesting potential value. With 1,122 sqft of living space, the home is modestly sized compared to others on its street and in the wider area, offering a low-maintenance footprint.

A standout feature is the home's age. Built in 1975, it is notably newer than most comparable homes on its specific street, ranking in the top 2%. This can be appealing for buyers wary of the maintenance issues that can come with older construction. The lot size, at just under 3,000 sqft, is smaller than typical for the neighborhood and city, which translates to less yard upkeep—a plus for those seeking simplicity or with busy lifestyles.

This property would suit first-time buyers or downsizers looking for an entry point into a established neighborhood without a premium price tag. It's also a sensible choice for value-conscious investors or buyers who prioritize a newer build date over square footage and are comfortable with a compact, efficient yard space.

Section 2: Frequently Asked Questions

1. How does the home's value compare to others in the area?
The home's assessed value of $329k is below the Waverley Heights neighborhood average of ~$398k. On its own street, however, it ranks above average. This suggests you may be getting a competitively priced property for the immediate area, potentially below what you'd pay for a larger lot or home a few blocks away.

2. Is the smaller lot size a disadvantage?
It depends on your priorities. While the lot is smaller than most in Winnipeg, it requires less maintenance and landscaping. For those not seeking extensive outdoor space, it can be a practical benefit that reduces weekend chores and costs.

3. The home is newer than others on the street. What does that mean for me?
A 1975 build date is newer than the average on Markham Road (1974) and in the neighborhood (1978). This often implies updated building materials and standards for its time, potentially meaning fewer immediate concerns with foundational or structural elements common in older homes.

4. Are there any obvious red flags in the data?
The data shows no extreme outliers, but the lot size is consistently below average at every comparison level (street, neighborhood, city). Ensure the yard meets your needs. Also, while the value is below the neighborhood average, verify this aligns with the home's condition and any recent updates.

5. What's the next step to understand this property's context?
We recommend using the provided neighbourhood analysis page to see this home plotted on a map alongside direct comparables. This visual tool allows you to compare year built, living area, value, and lot size with nearby houses to get a true sense of its place in the local market.