Property Overview
This home at 1186 Markham Road in Waverley Heights presents a solid, well-positioned offering in the Winnipeg market. Its key appeal lies in its balance and established neighborhood context. With 1,190 sqft of living space on a 5,499 sqft lot and an assessed value of $408k, it sits comfortably above average for its specific street while aligning closely with broader neighborhood and city benchmarks for similar homes. Built in 1974, it is typical for its immediate area but is among the older homes in the wider Waverley Heights neighborhood.
The property suits practical buyers looking for a move-in-ready home in a mature community without premium pricing. It’s particularly appealing to those who value a stronger-than-average street-level standing—its assessed value and living area rank in the top third on Markham Road itself. This suggests a good relative value within a desirable micro-location. It’s ideal for first-time buyers, small families, or downsizers seeking a manageable space with a decent-sized yard, minimal surprises from comparative metrics, and the stability of an established area.
Frequently Asked Questions
How does this home truly compare to others nearby?
The data shows it performs best on its own street. Its assessed value is notably above the street average, and its living space is slightly larger than neighbors'. When zooming out to the entire Waverley Heights neighborhood or Winnipeg, it becomes more average, indicating you're paying for a solid position on a decent street within a larger, sought-after area.
Is the 1974 build year a concern?
On Markham Road, 1974 is exactly the average build year. However, it ranks in the bottom 7% for year built across all of Waverley Heights, meaning the wider neighborhood has many newer homes. This isn't inherently negative but indicates this is one of the older homes in the area, so a thorough inspection of roof, windows, and major systems is wise.
What does the lot size mean for potential expansion or outdoor use?
At 5,499 sqft, the lot is larger than the average on its street but smaller than the neighborhood and city averages for comparable homes. It provides good private outdoor space for a home of this size but may have limitations for major additions compared to properties on larger lots in the same zone.
Does the above-average assessed value on the street mean my taxes will be higher?
Not necessarily. Assessed value is used for property tax calculation, but your taxes are based on the mill rate. A higher assessment relative to your immediate neighbors suggests the municipality sees added value in this property, but it's the overall municipal budget that determines the rate. It's best to inquire about the current annual tax amount.
What’s the main takeaway from all these rankings?
The key insight is stability. This home isn't an outlier in any category—it doesn't have the smallest lot or the newest build. It represents a balanced, middle-ground option. Its strength is its position within its immediate block, offering a slight edge in value and space compared to the direct homes around it, which can be a marker of a good long-term hold.