Property Overview: 11 Tej Bains Place
Section 1: Key Characteristics & Appeal
This is a newly built (2025) home in Winnipeg's Waverley West B neighborhood, offering a modern living space of 1,530 sqft on a 4,054 sqft lot. Its primary appeal lies in its exceptional newness and above-average citywide value. Compared to most Winnipeg homes, it is significantly newer and has a higher assessed value, suggesting premium modern finishes and systems. However, within its own immediate neighborhood of newer homes, it presents as a more moderately sized property on a smaller lot.
The home would suit buyers seeking a modern, low-maintenance property without the need for a large yard, such as professionals, small families, or downsizers who prioritize contemporary construction and interior space over expansive outdoor areas. It offers a compelling "sweet spot": it's newer than almost any other home in the city, yet its value and size are positioned accessibly within its own up-to-date community. A thoughtful perspective is that this property represents efficiency over expanse, providing modern comforts in a manageable footprint, which can mean lower utility costs and less upkeep compared to both older city homes and larger suburban properties.
Section 2: Frequently Asked Questions
1. How does this home's value compare to others?
Citywide, its assessed value is well above average (top 15%), indicating a premium property. Within Waverley West B, it is below the neighborhood average, which may represent a relative value opportunity in a sought-after area of newer homes.
2. Is the living space considered large?
This depends on the scope. At 1,530 sqft, it is above the Winnipeg average but below the average for the Waverley West B neighborhood, which consists of newer, often larger homes. It provides comfortable modern living space, though not the largest footprint on the block.
3. What does the "Elite" ranking for year built mean?
Ranking in the top 1% both citywide and in the neighborhood confirms this is among the very newest homes available. You can expect contemporary building standards, energy efficiency, and minimal immediate repair needs.
4. How does the lot size impact the property?
The lot is smaller than most in both the neighborhood and the city. This translates to less yard maintenance but also less private outdoor space. It’s a trade-off that prioritizes the home itself and is typical for newer subdivisions.
5. Why are the street-level rankings all "Below Average" or "#1 out of 1"?
This street appears to be newly developed with very few (or only this) comparable homes. The "below average" notation is a technical result of comparing the property to itself, so the more meaningful comparisons are at the neighborhood and city levels.