Property Overview & Key Characteristics
This 984 sqft bungalow at 1204 Waller Avenue, built in 1955, presents a straightforward opportunity in Winnipeg's Maybank neighbourhood. Its appeal lies in its solid, average positioning within the local market. The home sits on a 5,105 sqft lot, offering decent outdoor space that is typical for the street. With an assessed value of $35,400, it aligns closely with area norms, suggesting it is priced without significant premium or discount based on municipal valuation. The home last sold between $300k-$350k in 2021.
It would suit a first-time buyer or practical investor looking for an entry point into a stable, established area without the competition or price of a "hot" market. Its average metrics across the board indicate a property that is unlikely to surprise, for better or worse, making it a candidate for someone seeking simplicity and a manageable project rather than a standout gem or a deep-value fixer-upper. A thoughtful perspective is that its very "averageness" could be a strength, providing a stable foundation to personalize without the pressure of over-improving for the immediate area.
Frequently Asked Questions
1. How does this home compare to others on the street?
It is consistently around average for Waller Avenue in terms of living space, assessed value, and year built. Its lot size is slightly below the street's average.
2. What is the neighbourhood like?
Maybank is a mature, post-war residential area. The provided comparable properties on Rampart Bay and Marshall Crescent suggest a mix of well-maintained and potentially original-condition homes from the 1950s.
3. Why is the city-wide assessed value average so much higher?
The city-wide average of $390k includes a vast range of property types and newer neighbourhoods. This home's assessment is correctly compared to its specific peer group of similar properties, where it averages around $33k-$36k.
4. Can I get the exact historical sale price?
The public data shows a sale price range. The listing service offers to provide the exact sold price from their records via a manual email request, which they aim to fulfill by the end of the same business day.
5. What might be a less obvious consideration before viewing?
Given its 1955 construction, systems like plumbing, electrical, and the roof should be carefully evaluated for updates. Also, while the lot is a good size, its ranking suggests homes on the street have larger lots, so consider how the yard layout meets your needs.