Property Overview
This 1975 home at 51 Montclair Bay presents a solid, value-conscious opportunity in Winnipeg's Waverley Heights neighborhood. With 1,052 sqft of living space on a 5,773 sqft lot, it sits in a context where its assessed value of $430k stands out as above average for the immediate neighborhood, while its size is more modest compared to nearby homes. Its appeal lies in its efficient footprint and a lot size that is manageable yet offers good outdoor potential. This property would suit first-time buyers, downsizers, or practical investors looking for an entry point into a well-established area without the premium for larger square footage. It's a home for those who prioritize value and location over sheer size, understanding that updates may be part of the journey.
Key Details & FAQs
What is the home’s value proposition?
The assessed value is notably above the neighborhood average, but this is balanced by the home's smaller-than-average living area for the street. This suggests you're paying more for the location and lot than for interior space, which could be ideal if you value outdoor room or see potential in expanding the home itself.
How does it compare to neighbors?
The data shows a clear trend: on its specific street, this is one of the smaller homes but with a lot size and value that are competitive. In the broader Waverley Heights area, its value is strong. This indicates a well-regarded location where the land holds significant worth.
Is the lot a good size?
At 5,773 sqft, the lot is consistent with neighborhood averages and offers ample backyard space for gardening, recreation, or future additions, which is a key asset given the home's compact interior size.
What does the year built (1975) indicate?
Built in 1975, the home is typical for its street but is actually newer than many in the wider city. Buyers should budget for maintenance or updates common to homes of this era, such as windows, roofing, or mechanical systems, while also benefiting from potentially more modern construction techniques than older Winnipeg stock.
Where can I see more detailed comparisons?
For a visual analysis of how this property compares to its immediate neighbors on factors like year built, lot size, and value, you can open the dedicated neighbourhood map analysis page.