Property Overview
This 2024-built home on Frontier Trail stands out for its generous scale and modern foundation within the Waverley West community. Its primary appeal lies in offering a substantial, brand-new living space in a developing area, all while presenting strong value metrics compared to broader city averages.
Key Characteristics & Ideal Buyer
The home’s most defining feature is its 1,484 sqft of living area, which ranks in the top 2% of both its immediate street and neighborhood, surpassing local averages. Coupled with an assessed value that also places it in the top 2% locally, the property suggests a combination of above-average size and perceived value for its specific area. As a 2024 build, it is a truly modern home, ranking among the newest 1% of properties citywide—a stark contrast to Winnipeg’s average home built in 1990. This means buyers can expect contemporary building standards, energy efficiency, and minimal immediate maintenance.
Its appeal is strongest for those seeking a move-in-ready, spacious new build without venturing into the premium price segments of more established neighborhoods. It would particularly suit first-time buyers or growing families prioritizing modern interior space and lower upkeep in a suburban setting. A thoughtful perspective is that while the home ranks exceptionally well on its street, the entire street itself is comprised of very new, similar properties. This indicates you are buying one of the largest and highest-assessed homes on a block of new constructions, which could be advantageous for future resale within this specific, modern subdivision.
Frequently Asked Questions
1. How does the assessed value relate to the potential listing or purchase price?
The assessed value of $380,000 is for municipal tax purposes. While it indicates the city’s valuation and places the property favorably against local averages, the final market price is determined by current market conditions and buyer competition.
2. What does it mean that the build year is “above average” on the street but “excellent” citywide?
This reflects the context of the location. Frontier Trail is a new street, so most homes are from 2024. Therefore, this home is newer than some on its block but not an outlier. Citywide, however, a 2024 build is far newer than the typical Winnipeg home, placing it in an elite percentile for age.
3. Are there any potential downsides to a home in such a new development?
New developments often have ongoing construction nearby, and landscaping or mature trees may be minimal. Community amenities, established parks, and mature tree canopies can take years to develop fully.
4. Does a high assessed value mean my property taxes will be high?
Typically, yes. A higher assessed value relative to other homes generally results in a higher property tax bill, as taxes are calculated based on this assessment and the municipal mill rate.
5. Where can I see how this home compares visually to its neighbors?
You can use the provided “Open Surrounding Map Analysis” link to view an interactive map comparison of this property against nearby homes for metrics like build year, living area, and assessed value.