70 Yasmin Ali Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a brand-new home (built 2024) with 2,224 square feet of living space on a 4,359-square-foot lot. It ranks in the top 7% city-wide for living area and the top 1% for newness—meaning you're getting a very recent build that's significantly larger than most homes in Winnipeg. The assessed value of $601,000 sits above the street average ($580,300) but slightly below the broader neighbourhood average ($629,500), which suggests you're paying a premium for the new construction and size, but not dramatically so relative to the local market.

The appeal here is straightforward: you get a contemporary home with no deferred maintenance, generous interior space, and a location that places it among the newer developments in Waverley West B. The lot is modest for the area—land ranks around average on the street and below average neighbourhood-wide—so this suits a buyer who prioritises indoor square footage and a turnkey property over a large yard or future expansion potential. It would work well for a family or professional who wants to move in immediately without renovation projects, or for someone relocating to Winnipeg who values predictability in a newer subdivision. The city-wide ranking in assessed value (top 8%) also signals strong relative positioning if resale is a consideration down the line.

Frequently Asked Questions

1. How does the assessed value compare to similar new builds in the area?
The assessed value of $601,000 is slightly below the Waverley West B neighbourhood average of $629,500, even though this home is newer than most (neighbourhood average year built is 2019). This likely reflects differences in finish levels, lot size, or specific location within the area. It's worth comparing directly with other 2024 builds in the subdivision to see where this property sits in its immediate peer group.

2. Is a 4,359 sqft lot typical for a home of this size in this neighbourhood?
Not really. The neighbourhood average land area is 12,967 sqft—nearly three times larger—but that figure is skewed by older, larger lots in Waverley West B. On the street itself, the average is 4,488 sqft, so this lot is in line with immediate neighbours. If you're coming from an area with bigger yards, the outdoor space may feel tighter than expected for a home of this square footage.

3. What does "top 1% city-wide for year built" actually mean in practical terms?
It means this is one of the newest homes in all of Winnipeg. Practically, you get modern building codes, current energy efficiency standards, and no deferred maintenance. It also means the home's systems (roof, HVAC, windows) won't need replacement for many years. The trade-off is that you're paying a premium for that newness, and you won't have the character or established landscaping of an older property.

4. How reliable are the ranking comparisons shown?
The rankings compare this property against "comparable homes" within each scope (street, neighbourhood, city). The methodology appears to use a median benchmark, which is reasonable for a quick snapshot. However, "comparable" is defined by the data source—it may not account for differences in style, finish, or floor plan. Use the rankings as directional guidance, not a precise appraisal. The neighbourhood map tool mentioned would give a clearer picture of specific nearby homes.

5. Would this property hold its value better than older homes in the same price range?
New construction typically depreciates slightly in the first few years (the "new home premium" fades), then appreciates with the market. The city-wide assessed value ranking in the top 8% suggests strong baseline demand, but the lot size is average for the street and below average for the neighbourhood, which could limit future appreciation relative to homes on larger parcels. Over a 5-10 year horizon, the home's value will likely track the broader Waverley West market rather than outperform it.