23 Karschuk Bay

Property Summary: 23 Karschuk Bay

Section 1: Key Characteristics & Appeal

This modern 2023-built home offers a compelling blend of space, premium valuation, and a generous lot. With 2,238 sqft of living area, it provides ample room for a growing family, ranking well above both neighborhood and city averages. Its standout feature is the 6,786 sqft lot, which is the largest on its street, offering exceptional outdoor potential in a newer subdivision.

The home’s primary appeal lies in its elite citywide positioning. It sits within the top 2% of Winnipeg homes by assessed value ($817k) and the top 1% by age, promising modern construction standards and finishes. This creates a move-in-ready property with minimal immediate maintenance concerns. Interestingly, while the home is a leader on its own street for lot size and value, its living space is slightly more modest compared to immediate neighbors, suggesting a focus on land and quality over sheer interior square footage.

This property would ideally suit buyers seeking a modern, low-maintenance home in a developing area who prioritize a large yard for privacy, gardening, or future expansion. It’s perfect for professionals or families looking for a long-term home with above-average investment metrics, evidenced by its strong assessed value relative to the market.

Section 2: Frequently Asked Questions

1. Is the home a good value for the street?
Yes. It has the largest lot on the street and an assessed value in the top 25%, indicating it is considered a premium property even within this desirable block.

2. How does the living space compare to the area?
The living area is above the neighborhood average but slightly below the specific average for Karschuk Bay street. This suggests a floor plan that may prioritize other features, like the lot size or modern layout, over maximum square footage.

3. What does the "Elite" citywide ranking mean?
Ranking in the top 1-2% citywide for year built and assessed value confirms this is a very new and highly valued property compared to the vast majority of homes in Winnipeg, which are older and have lower valuations.

4. Is the lot size typical for Winnipeg?
The lot is above average for the city. However, it’s notably smaller than the average lot in the wider Waverley West B neighborhood. This indicates the specific street or subdivision has a different, more compact layout than some surrounding areas.

5. What might the rankings imply about future property taxes?
The assessed value is significantly above local averages, which is a primary driver for property tax calculations. Buyers should budget for property taxes commensurate with a home in the top 8% of the neighborhood and top 2% of the city.