Property Overview: 48 Greensboro Bay, Waverley Heights
Section 1: Key Characteristics & Appeal
This well-situated home on Greensboro Bay presents a compelling blend of space, established neighbourhood charm, and solid value. Its primary appeal lies in its above-average living area (1,456 sqft) compared to both its immediate street and the wider Waverley Heights area, offering more interior space than many nearby homes. Built in 1979, it is newer than most comparable homes city-wide and is typical for its desirable, established street. The assessed value of $420k is above the street average, suggesting a premium for its specific location and size within Greensboro Bay.
The property suits buyers looking for a move-in ready home in a mature neighbourhood without sacrificing interior room. It’s an ideal fit for growing families or those who value space but want to avoid the upkeep of a much larger lot, as the yard is in line with neighbourhood norms. A thoughtful perspective is that this home represents a "sweet spot" on its street—it offers more house than most neighbours without pushing into the highest price tier, potentially providing better long-term value retention within a familiar community setting.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it stands out most for its living space. It ranks in the top 20% for size within Waverley Heights and top 17% on its own street, meaning you get more interior square footage than most direct neighbours. Its value and lot size are more in line with area averages.
2. Is the assessed value a reliable indicator of the market price?
The assessed value is a starting point for taxation, not a guaranteed sale price. However, being above the street average indicates the city assesses it as a higher-value property on Greensboro Bay. Market conditions, recent upgrades, and specific home features will ultimately determine the sale price.
3. What does the year built (1979) imply for maintenance?
Built in the late 1970s, this home is past its initial build but newer than the Winnipeg city average for comparable properties. Buyers should anticipate updates common for this era, such as potential roof, window, or HVAC system replacements, but may find the core structure to be well-established and solid.
4. The lot is above average city-wide but average for the street. What does that mean?
It means you get a generous yard by Winnipeg standards, but one that is typical and proportionate for Greensboro Bay. This suggests a balanced, established streetscape where homes aren’t crowded, but the focus isn’t on exceptionally large lots.
5. Who would this home not suit?
It may not suit buyers seeking a very large, private yard or a brand-new build. Similarly, those looking for a bargain-priced entry into the area might find homes with smaller square footage at a lower price point on the same street.