Property Overview: 1032 Clarence Avenue, Winnipeg
Key Characteristics & Appeal
This is a notably modern home in Winnipeg's Maybank neighbourhood, built in 2024. Its primary appeal lies in its new construction status, offering move-in readiness with contemporary building standards and minimal immediate maintenance. The 1,435 sqft living area is spacious compared to most homes on its street and in Maybank, placing it in the top tier locally for size.
The property presents a specific value proposition: you are acquiring a significantly above-average home on a below-average lot. The assessed value ranks in the elite tier for the area, reflecting the premium for a new build. This setup suits buyers who prioritize modern interior space and low upkeep over a large yard. It’s ideal for professionals, small families, or downsizers seeking a new, turnkey property without venturing to the outer suburbs, and who are comfortable with a more efficient land footprint typical of newer infill developments.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
The assessed value is for municipal tax purposes and often lags behind market value, especially for a brand-new home. The sale price reflects current market demand for a modern property.
2. What does having a smaller lot mean in practice?
The land area is compact compared to older homes in the area. This typically means less exterior maintenance but also limited space for extensive gardening, large outdoor entertaining, or future expansions like a major addition or pool.
3. Is this part of a new infill development?
Given its 2024 build date on a street with older comparable homes, it is likely a single infill property or part of a small-scale redevelopment, replacing an older home on a subdivided lot.
4. How does the property rank so highly for value and size but low for land area?
The rankings measure different things. It scores highly because the building itself is new and large relative to its neighbours. It ranks lower for land because the lot is smaller than the typical, older properties surrounding it.
5. What are the likely ongoing costs?
As a new build, major repair costs should be minimal in the short term. Property taxes will be based on the higher sale price upon reassessment. You may also have newer homeowner obligations, like sod and tree establishment, if the landscaping is recent.