Property Overview: 1138 Markham Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a practical and value-conscious opportunity in the Waverley Heights neighborhood. Its key characteristic is a well-balanced profile: the living space (1,137 sq ft) is consistently around the average for its street, neighborhood, and the wider city, offering comfortable, typical-sized accommodation.
The primary appeal lies in its assessed value, which is notably below average at $295k. This positions the property as an accessible entry point into the area, especially for buyers who prioritize location and potential equity growth over a large lot or a newer build. The home was built in 1975, making it one of the oldest on its specific street—a point that could appeal to buyers interested in classic character or simpler renovation projects, but warrants a thorough inspection.
It would suit first-time buyers or practical downsizers seeking a solid, no-frills home in a established neighborhood. The below-average lot size (2,290 sq ft) means lower maintenance, which is a plus for those wanting a manageable yard. This is not a luxury property, but a grounded, working-class home offering straightforward living and a clear financial advantage compared to its immediate surroundings.
Section 2: Frequently Asked Questions
1. Is the below-average assessed value a red flag?
Not necessarily. It primarily indicates the home is priced below its neighbors, which can be an advantage for a buyer. It may reflect the home’s age, lot size, or condition. A key step is to understand why and determine if it represents a fair value or an opportunity.
2. The home is older than most on the street. What does that mean?
Being built in 1975 makes it a veteran on its block. This could mean well-established infrastructure and mature landscaping, but it also places a greater emphasis on the condition of major systems like roof, wiring, and plumbing. Its age is a defining feature, for better or worse.
3. How much of a concern is the smaller lot size?
The lot is significantly smaller than area averages. This is a major benefit for those who want minimal yard work. For those wanting extensive gardens, privacy, or space for additions, it is a clear limitation. It’s a trade-off that defines the property’s low-maintenance appeal.
4. Who is this home not suited for?
It’s likely not ideal for buyers seeking a large, modern property with ample outdoor space or those who want a home that already matches neighborhood values. It’s best for someone comfortable with a home that may need updates and values financial entry into the area over premium size.
5. What’s the most important next step after reviewing this data?
The data provides context, not condition. The essential next step is a thorough, in-person viewing and a professional home inspection. This will reveal how the statistical profile—its age, size, and value—translates into the actual state and livability of the property.