Property Overview: 47 Peacock Place, Waverley Heights
Key Characteristics & Appeal
This 1981-built home at 47 Peacock Place presents a solid, above-average offering within the desirable Waverley Heights neighborhood. With 1,572 sqft of living space, it sits comfortably above both neighborhood and city averages, providing ample room. Its primary appeal lies in its strong positional value: while the home is fairly typical for its immediate street, it stands out significantly when viewed in the wider context of the neighborhood and city. The assessed value of $459k is notably higher than area and city averages, suggesting a premium location or property condition within a well-regarded community.
The lot size of 6,595 sqft is a key asset, offering generous outdoor space that is above the city norm. A thoughtful perspective is that this home represents a "steady performer." It isn't the newest or largest on its block, but its rankings show consistent above-average performance across multiple scales—a sign of a reliable investment in a stable area. It would suit buyers looking for a established home in a mature neighborhood, who value space both inside and out, and who prioritize long-term neighborhood equity over having the newest house on the street.
Frequently Asked Questions
1. How does this home really compare to its neighbors?
The data shows a nuanced picture. On its own street of 16 homes, it's around average for size, value, and lot. However, within the broader Waverley Heights neighborhood and citywide, it consistently ranks in the top tiers for living space and assessed value, indicating it's in a superior segment of a desirable area.
2. The home was built in 1981. What should I consider?
While the build year is the newest on its street (ranking in the top 6%), it is still a 40+ year-old home. Prospective buyers should prioritize a thorough inspection of major systems like roof, windows, plumbing, and electrical, which may be nearing or past their typical lifespans and due for updates.
3. The assessed value is higher than street and area averages. Why?
A higher assessment than local averages can be due to several factors: recent renovations or additions not reflected in simple square footage, superior lot features (like landscaping or privacy), or simply holding a premium position within the neighborhood. It's important to review the specific assessment details and compare recent sale prices.
4. Is the lot size a major advantage?
Yes. At 6,595 sqft, the lot is larger than the typical Winnipeg lot. This provides more privacy, yard space, and potential for outdoor living or gardening compared to many properties. It's a feature that becomes increasingly valuable over time.
5. What does the ranking data actually tell me about the area?
The data suggests Peacock Place is a consistent, established street where homes are well-kept and values are maintained. The fact that this home ranks higher when zooming out to the neighborhood and city level indicates that Waverley Heights itself is a strong community that compares favorably to the wider market, offering a good environment for property value stability.