Property Overview: 173 Augusta Drive, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This well-established home on Augusta Drive presents a compelling blend of above-average space and premium valuation within its immediate surroundings. With 1,462 sqft of living area, the home offers more space than roughly 80% of its neighbors, providing a tangible sense of roominess for its size. The most striking characteristic is its assessed value of $500k, which places it in the top 5% on its own street and the top 7% in Waverley Heights. This suggests a property that is perceived to have superior features, finishes, or positioning compared to its local peers.
The appeal lies in acquiring a home that is a standout on its block and in its neighborhood, not just in price but in relative size. It suits buyers looking for a move-in-ready home in a mature area who value a property with established "top-tier" equity within the community context. It’s an ideal fit for someone who prioritizes neighborhood prestige over a brand-new build, as the 1977 construction is typical for the area. The lot size is standard for the street, offering manageable outdoor space without excessive upkeep.
A less obvious perspective is that this property may offer a degree of insulation from market fluctuations affecting average homes, as its elite standing on Augusta Drive could make it a perennial point of comparison. Buyers are effectively purchasing into one of the street's benchmark properties.
Section 2: Frequently Asked Questions
1. What does an "Elite" assessed value ranking mean in practical terms?
It means this home's municipal assessed value is among the very highest on Augusta Drive. This typically reflects a combination of the home's condition, improvements, lot desirability, and size. It often correlates with a higher market value and property tax bill compared to neighboring homes.
2. Is the living area considered large?
Yes, within the local context. The home is larger than about 8 out of 10 homes in the Waverley Heights neighborhood, offering more interior space than most direct comparables. City-wide, however, it is closer to the average.
3. What might explain the higher value in a neighborhood of similar-aged homes?
While the build year is average, the value is driven by other factors. This could include significant renovations, premium materials, a superior floor plan, a more desirable lot location (e.g., backing onto greenspace, cul-de-sac), or a combination of these elements.
4. How does the lot size compare?
The 6,049 sqft lot is very typical for Augusta Drive and Waverley Heights. It is slightly above average city-wide. This indicates a standard suburban yard for the area—sufficient for gardening and recreation without being overly burdensome to maintain.
5. Are there any concerns with a 1977 build?
The year is standard for the area. The key consideration is not the age itself, but the maintenance and updates made since. A home of this age may have had major systems (roof, windows, furnace, electrical) updated, which should be verified during the inspection process. Its average ranking for year built suggests its condition is in line with neighborhood expectations.