Property Overview: 1206 Markham Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 1206 Markham Road in Waverley Heights is a well-situated property that represents a solid, middle-of-the-market opportunity. Built in 1974, it features 1,076 sqft of living space on a 5,500 sqft lot. The appeal here lies in its balance and established context. While the living space is slightly below the immediate street average, the property holds its own with a tax assessment value that is competitive and a lot size that is actually larger than many on its block. This suggests a home that may offer good value relative to its street, with potential for outdoor space or expansion.
It’s a property that suits pragmatic buyers—perhaps first-time homeowners or downsizers—who prioritize location and a manageable scale over sheer size. The data indicates it’s not an outlier in any extreme; it’s a typical home for the area, which can be an advantage for those seeking stability and predictable market performance. A thoughtful perspective is that its slightly older build date within the community (ranking in the top 93%, meaning it's older than most in Waverley Heights) might hint at a more mature, established streetscape compared to newer subdivisions, which some buyers prefer. Its overall rankings consistently in the middle percentiles across the city suggest a property that is unlikely to over- or under-perform dramatically, offering a sense of security.
Section 2: Frequently Asked Questions
1. Is the living space considered small for the area?
The living area of 1,076 sqft is slightly below the average for Markham Road itself (1,157 sqft) but is close to the averages for both the wider Waverley Heights community and the city of Winnipeg. It provides a comfortable footprint for a smaller household.
2. How does the tax assessment value affect my potential costs?
The assessed value for taxes is $377,000. This is very close to the local, community, and city averages. This suggests your future property tax bill should be in line with what is typical for comparable homes, without unexpected highs or lows based on assessment.
3. What does the lot size offer?
At 5,500 sqft, the lot is larger than the average for Markham Road. This provides above-average outdoor space for the immediate street, which could be a advantage for gardening, recreation, or future outdoor living additions.
4. The home was built in 1974. Should I be concerned about major updates?
The build year is typical for the street but older than most homes in the broader Waverley Heights community. This is common for established neighbourhoods. A thorough inspection is always recommended to understand the condition of major systems (roof, wiring, plumbing, windows) and any updates that may have been made over the years.
5. How does this property truly compare to others nearby?
The provided rankings show it is consistently around the middle of the pack in most categories when compared to its street, community, and the city. This indicates it is a representative, standard property for Winnipeg, not one with extreme features. For a visual, interactive comparison of specific metrics with neighbouring homes, you can explore the dedicated neighbourhood analysis map.