Property Overview: 1030 Waller Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, mid-century bungalow in Winnipeg's Maybank neighbourhood, built in 1955. With 951 sqft of living space on a 5,108 sqft lot, it presents as a functional starter home or a straightforward investment property. Its primary appeal lies in its affordability and practicality. The assessed value is notably low compared to the city-wide average, suggesting a lower property tax burden and an accessible entry point into the market.
The home suits first-time buyers seeking a no-frills foothold, or investors looking for a rental property with a manageable overhead. Its lot size is fairly standard for the street, offering typical backyard potential without extensive upkeep. A thoughtful perspective for buyers is to see value in its "blank canvas" nature; while not standout in size or assessed value, it represents a stable, average offering in its immediate area—a property where personal updates could directly translate to equity gain without the premium of a top-tier location or size. Its last known sale was between 2016-2025 in the $250k-$300k range, which historically positions it as a more affordable option in the city.
Frequently Asked Questions
1. Is this a good value for a first-time buyer?
Based on its below-average assessed value for the street and city, it likely offers a lower purchase price and property tax bill, which can be advantageous for budgeting. However, the living space is smaller than many area comparables, so value depends on prioritizing cost over size.
2. What is the neighbourhood like?
The home is in Maybank. The provided data shows nearby properties are of similar vintage and scale, indicating a consistent, established residential area. For detailed amenities, schools, and traffic, further neighbourhood-specific research is recommended.
3. Why is the assessed value so much lower than the city-wide average?
The city-wide average assessed value quoted ($390k) includes all property types and areas. This home's assessment ($33k) is more aligned with older, more modest bungalows in its specific local market, reflecting its age, size, and likely its condition and features as determined by the assessor.
4. How can I find out the exact past sale price?
The listing service notes that exact sold prices are provided manually via email upon request, as public records sometimes show ranges. You can submit your email through their portal to receive the precise figure.
5. What are the potential downsides of an older home like this?
Built in 1955, major systems (roof, plumbing, electrical, foundation) may be near or past their typical lifespan. A thorough inspection is crucial to understand the potential need for updates or repairs, which should be factored into your offer and budget.