Property Overview
This home at 602-295 Frontier Trail in Waverley West stands out for its modern build and above-average size within a highly rated, newer neighbourhood. Built in 2024, it offers 1,484 sqft of living space, which is notably larger than both the immediate street and city averages. With an assessed value of $376k, it sits in the top tier of its local market while remaining positioned below the city's top-tier price bracket. Its appeal lies in offering a modern, move-in-ready home in a sought-after suburban area, without the premium of a brand-new, just-built status.
Key Characteristics & Ideal Buyer
The key characteristic of this property is its balance. It is a contemporary home without being the absolute newest on the block, which can sometimes mean a more established streetscape and potential for quicker possession. It ranks "Elite" for both size and value on its street and in the Waverley West B neighbourhood, indicating it's a strong performer in a desirable area. Notably, it is significantly newer than the Winnipeg citywide average (1990), placing it in the top 1% for age citywide.
This home would suit first-time buyers or young families looking for modern amenities and space in a growing community, who may find better value here than in a just-completed build. It also suits value-conscious buyers seeking a home that metrics indicate is a strong asset relative to its immediate peers, with potential for stable long-term appeal.
Frequently Asked Questions
1. How does the 2024 build date compare to neighbours?
The home is newer than the Winnipeg average by over 30 years, placing it in the city's top 1% for newness. On its own street, it's above average but not the newest, ranking in the top 30% among 44 comparable homes where the average build year is also 2024.
2. Is the assessed value a good indicator of the listing price?
The assessed value of $376k is a municipal valuation for tax purposes, not a market price. However, it is ranked "Elite" locally (top 5% on its street), suggesting the home is consistently viewed as a high-value property in its area, which can be a positive market signal.
3. What does the "Elite" ranking for living area mean?
With 1,484 sqft, this home is in the top 2% for size on its street and in the Waverley West B neighbourhood. It offers about 200+ more sqft than the local average, providing more space than most comparable homes nearby.
4. Who might this property appeal to most?
It's an excellent fit for buyers prioritizing modern construction and more interior space who are comfortable in a suburban setting. It may offer a "sweet spot" for those wanting a new home without paying the peak premium for the very latest construction.
5. Where can I see how this property compares visually to its neighbours?
You can view a detailed neighbourhood analysis map to see this property in context, comparing year built, living area, assessed value, and lot size with nearby houses. Use the link provided: "Open neighbourhood map analysis."