Property Overview
This 2024-built home at 3 Inez Crossing offers 1,764 sqft of living space on a 3,127 sqft lot, with a tax-assessed value of $591,000. Its appeal is defined by its modern condition and strong value positioning within a broader context.
Key Characteristics & Target Buyer
The primary draw of this property is its exceptional newness. Built in 2024, it ranks in the top 1% of homes city-wide for age, promising modern building standards, energy efficiency, and minimal immediate maintenance. The living space is above the Winnipeg average, offering comfortable room for a household.
Its financial positioning is nuanced. The assessment value is in the top 9% city-wide, indicating a premium property relative to the entire market. However, within its immediate Waverley West B neighborhood, its value and lot size are closer to or below the local average. This suggests you are acquiring a modern, high-spec home in an area where larger, more established lots may be common. The lot is compact, which translates to less yard upkeep—a plus for some, a drawback for others.
This home would best suit buyers prioritizing a move-in ready, modern build with contemporary finishes over a large yard. It’s ideal for professionals or small families seeking a low-maintenance lifestyle without compromising on interior space and quality. It appeals to those who value the statistics of owning a home newer than 99% of the city, even within a neighborhood that is itself relatively new.
Frequently Asked Questions
1. Is the tax assessment value a reliable indicator of the market price?
While the assessment is high compared to the Winnipeg average, it's close to the average for its own street. Market price can be influenced by current conditions, upgrades, and specific buyer demand, so it should be used as one data point alongside a professional appraisal and recent comparable sales.
2. What are the pros and cons of the lot size?
The lot is smaller than most in the wider community and the city. The advantage is significantly reduced outdoor maintenance. The potential downside is limited private outdoor space for gardening, play, or expansion compared to neighboring properties.
3. As a brand-new build, are there any developer warranties in place?
Typically, new homes come with third-party warranty coverage (such as Tarion in Ontario, or similar builder-provided warranties in Manitoba). It is essential to request and review the specific warranty documents for this property to understand what is covered and for how long.
4. The home ranks lower within its community for size and value. Does this mean it's a poor investment?
Not necessarily. Its lower ranking within Waverley West B is partly because the community average includes homes on much larger lots. This property offers a different product type—a modern home on a manageable lot. Its superior ranking city-wide for newness and value suggests it holds broad market appeal, which can be a strength.
5. What does the "near average" ranking on its own street signify?
On Inez Crossing, this home's living space and assessed value are very typical. This can be a positive, indicating it is in line with its immediate peers and less likely to be over- or under-priced relative to its direct neighbors, which supports stable property values on the street.