Property Overview & Key Characteristics
This home at 204 Gull Lake Road in Waverley Heights presents a compelling, well-balanced profile. Its primary appeal lies in offering above-average specifications for its immediate street while remaining sensibly priced within the broader neighborhood and city context. Built in 1992, the property is notably newer than most homes in the area, ranking in the top 3% for its year of construction within Waverley Heights. This suggests modern building standards and potentially lower immediate maintenance needs compared to older stock.
The 1,101 sqft living area is spacious for Gull Lake Road itself, ranking in the top 21% on the street. The 5,642 sqft lot is also significantly larger than the street average, offering generous outdoor space. With an assessed value of $377K, it sits above the street average but below the neighborhood average, indicating a perceived value proposition. This home would suit practical buyers looking for a move-in-ready property in a mature neighborhood, who prioritize a newer build and a larger lot on a quiet street over having the absolute largest square footage in the city. It’s a strong choice for those seeking a balance between modern convenience, outdoor space, and financial sensibility.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value is above average for Gull Lake Road but below the average for the wider Waverley Heights neighborhood. This position often suggests a good balance between street-level desirability and broader market affordability.
2. Is the house considered large for the area?
The living area is above average for its specific street, offering more interior space than most direct neighbors. Compared to the entire neighborhood and city, it is comfortably around the average size, ensuring it fits in without being disproportionate.
3. What are the advantages of a 1992 build in this neighborhood?
With most neighborhood homes averaging from the late 1970s, this 1992 construction is a standout. Benefits typically include more contemporary layouts, wiring, plumbing, and insulation standards, which can mean fewer major updates and improved energy efficiency.
4. The lot size is noted as "above average" for the street. What does that mean practically?
The lot is over 1,200 sqft larger than the street average, which translates to more usable yard space, greater potential for landscaping, gardening, or outdoor living, and potentially more privacy from neighbors.
5. Does "around average" ranking for city and neighborhood mean it’s mediocre?
Not at all. Being consistently around average in broader comparisons indicates this is a standard, established property in the Winnipeg market. It avoids the premiums of the largest homes and the compromises of the smallest, representing a stable, middle-ground investment that aligns with widespread buyer expectations.