Property Summary: 1175 Markham Road, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling balance of space, value, and established community living. Its key appeal lies not in being an outlier in any single category, but in offering solid, above-average fundamentals across the board. The 1,179 sqft living area is comfortably in line with neighborhood norms, providing ample space without the upkeep of a much larger property.
The standout feature is the property’s assessed value for taxes, which ranks in the top 5% on its street and top 15% in Waverley Heights. This suggests a perception of quality and desirability that exceeds many direct comparables, potentially reflecting well-maintained condition, updates, or lot appeal. The lot size, at nearly 5,830 sqft, is notably larger than the street average, offering generous outdoor space for a 1970s-built home.
This property would suit practical buyers looking for a move-in-ready home in a mature neighborhood. It’s ideal for those who prioritize a proven, stable investment over a brand-new build, and who appreciate having a larger-than-standard yard on the street. It’s a smart choice for buyers who want a home that holds its value well relative to its immediate surroundings, as indicated by the strong assessment ranking.
Section 2: Frequently Asked Questions
1. What does the high assessment ranking actually mean?
It indicates that the municipal property tax assessment value is significantly higher than most homes on the same street and in the wider area. This generally reflects factors like lot size, living area, condition, and recent market activity for similar homes. It can signal strong perceived value but is also directly tied to your property tax bill.
2. Is a 1974 build date a concern?
The home is of average age for its specific street but is actually older than 93% of homes in the broader Waverley Heights community. This suggests the immediate area is well-established. A home of this age will likely have had major systems (roof, windows, furnace) updated; the condition and age of these components should be a key focus of inspection.
3. How does the lot size compare?
The lot is a strong asset, being about 25% larger than the average lot on Markham Road. This offers more private outdoor space than many neighbors. However, it is slightly below the average for the entire city, which is a useful perspective for those comparing across different Winnipeg neighborhoods.
4. Who might this home not suit?
Buyers seeking a very modern, open-concept layout or the newest amenities may find a 1970s floor plan requires compromise. Similarly, those looking for a standout investment based on square footage alone might find the living area metrics merely "average." Its appeal is in the overall package.
5. The rankings show "average" for living area city-wide. Is that a drawback?
Not necessarily. Being near the citywide average for living space means the home fits a common and versatile size, which can be a benefit for future resale. It indicates the home is neither cramped nor excessively large, appealing to a broad range of buyers like small families, couples, or downsizers.