Property Overview: 1146 Waller Avenue, Winnipeg
Key Characteristics & Appeal
This home is a practical and straightforward offering in Winnipeg's Maybank neighbourhood. Built in 1956, it presents a manageable 998 sqft of living space on a roughly 5,100 sqft lot, placing it squarely in the average range for the immediate street and area in terms of size and land. Its assessed value is modest compared to the citywide average, which can indicate a lower property tax burden—a significant, often overlooked financial benefit.
The primary appeal lies in its position as a solid, no-frills foundation. It suits first-time buyers seeking an affordable entry into the market, or pragmatic investors looking for a rental property with stable fundamentals. The data suggests it's not an outlier in its locale; it’s a typical home for the area, which can be a virtue for those prioritizing community consistency over standout features. Its recent sale in 2022 within the $300k-$350k range provides a clear, contemporary price benchmark for buyers.
Frequently Asked Questions
1. How does this home compare to others on the street and in Maybank?
The home is consistently around average for Waller Avenue and the broader Maybank area in terms of living area, lot size, and assessed value. It fits comfortably within the neighbourhood's norms rather than standing out as particularly large or small.
2. What is the likely property tax based on the assessed value?
With an assessed value of $34,600, the property tax bill would be calculated based on the city's mill rate. This assessed value is below the street average and significantly below the citywide average, which typically results in proportionally lower annual property taxes.
3. The home sold recently in 2022. What should I consider?
The 2022 sale provides a reliable recent market price. A key consideration is understanding what changes, if any, have been made to the property in the last few years and how current market conditions compare to those in 2022.
4. Is the lot size a pro or a con?
At just over 5,000 sqft, the lot is very typical for the area. It provides adequate outdoor space for a garden or patio without the high maintenance of a much larger yard. It’s a balanced size for those who want some greenery but don’t want landscaping to be a major chore.
5. The home is nearly 70 years old. What does that mean?
A home of this age requires a focus on the condition of major aging components. A thorough inspection is essential to evaluate the state of the roof, foundation, plumbing, and electrical systems. The upside is that homes from this era often feature solid construction and simpler, more modifiable layouts.