Property Overview: 47 Greensboro Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in Waverley Heights presents a compelling blend of space, value, and established character. Its key strength is its above-average land size—a 7,722 sqft lot that ranks in the top 17% on its street and offers significant outdoor potential compared to many area homes. Built in 1981, the property is notably newer than most direct neighbors, which can suggest updated infrastructure or materials. With 1,332 sqft of living space, it provides roominess in line with local expectations.
The appeal lies in its strong positional value within a mature neighborhood. The assessed value ranks highly, especially on its own street (top 13%), indicating it is perceived as a premium property in its immediate context. This isn't a sprawling estate, but a solid, above-average family home on a generous lot. It would suit buyers looking for a established community feel, who value a larger yard for gardening, recreation, or future expansion over a brand-new build. It's a practical choice for those seeking a home that stands out positively against local benchmarks without being an outlier in price or size.
Section 2: Frequently Asked Questions
1. What does the "Elite" ranking for year built mean?
It means this home (1981) is the newest among the 53 comparable properties on Greensboro Bay. This can imply potentially fewer immediate major repairs (like roof or window replacements) compared to older neighbors.
2. Is the living area smaller than the city average?
Yes, at 1,332 sqft it is slightly below the city-wide average of 1,342 sqft for similar homes. However, it is above the neighborhood average. This highlights the property's alignment with the more spacious character of Waverley Heights rather than the broader city mix.
3. The assessed value seems high for the street. Does that mean taxes are higher?
A higher assessed value relative to street peers typically does correlate with a higher property tax bill, as assessment is a key factor in that calculation. It reflects the municipality's view of this property's market value.
4. How significant is the lot size advantage?
The lot is over 1,800 sqft larger than the street average—a substantial gain of about 32%. This offers more privacy, landscaping options, and play space than many nearby properties, which is a key differentiator.
5. Do these rankings guarantee future resale value?
While not a guarantee, consistently above-average rankings in key metrics like lot size, year built, and assessed value within the neighborhood suggest the property has inherent attributes that are historically valued in the area, which can support long-term value.