74 Yasmin Ali Crescent — Property Summary
Key Characteristics & Buyer Profile
This is a brand-new home built in 2024, ranking among the newest 2% of properties on its street and in the top 1% citywide. With 1,740 square feet of living space, it’s smaller than the average home in both its immediate street and broader Waverley West B community, but larger than the typical Winnipeg home overall. The assessed value sits at $595,000—close to the street and neighbourhood averages, but well above the citywide median of $390,000. The lot is 4,359 square feet, which is slightly below average for the street and significantly smaller than the community norm, but still within a typical city range.
The appeal here is less about square footage or land size and more about newness and location within a strong market. For buyers who prioritize a move-in-ready, modern home without the compromises of an older build, this property delivers. It also offers a relatively stable value proposition: the assessment aligns closely with its immediate surroundings, suggesting the price isn't inflated relative to the neighbourhood. That said, the smaller-than-average living space and lot may not suit buyers looking for maximum room to grow or outdoor space.
This home would work well for first-time buyers, downsizers, or young families who want a contemporary home in a newer subdivision without paying a premium for extra land or square footage they don’t need. It’s less ideal for someone seeking a fixer-upper, a large yard, or a home that stands out in size from its neighbours.
Frequently Asked Questions
1. How does the living space compare to other homes in the area?
It’s below average for both the street and the Waverley West B community, where typical homes are around 1,930–1,990 sqft. But citywide, it’s above the average of 1,342 sqft, so it’s a decent size by Winnipeg standards—just not oversized for its immediate neighbourhood.
2. Why is the assessed value close to the neighbourhood average but the home is brand new?
New construction often assesses near market value, and in this case, the $595,000 assessment is very close to the street average of $580,000 and the community average of $629,000. That suggests the home is priced in line with its peers, not above them, even though it’s newer.
3. Is the lot size a concern?
It depends on your expectations. At 4,359 sqft, the lot is similar to other homes on Yasmin Ali Crescent, but significantly smaller than the community average of nearly 13,000 sqft. That’s because Waverley West B includes many older, larger lots. For a newer subdivision, this lot size is typical and should be fine for most uses.
4. What does the “top 1%” ranking for build year actually mean?
Out of nearly 200,000 homes citywide, only about 128 were built more recently than this one. It’s essentially as new as you can get. That means modern construction standards, likely better insulation, wiring, and finishes, and no deferred maintenance or renovation needed.
5. How does this property compare to others on the same street?
It ranks near the bottom for living area (51st out of 60), mid-range for lot size (26th), and at the top for newness (1st). Its assessed value is slightly above the street average (24th). So you’re trading some space for the newest build on the block, which may matter more to certain buyers.