961 Waterford Avenue

Property Overview: 961 Waterford Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a practical entry point into Winnipeg’s Point Road neighborhood. Built in 1952, its key characteristic is efficiency: at 978 sqft, the living space is compact and below the area average, situated on a modest 4,466 sqft lot. This positions it as a financially accessible option, with an assessed value of $370k that aligns closely with local averages.

Its primary appeal lies in value and location. For the price, buyers gain a foothold in an established neighborhood where homes are typically larger and more expensive. The lot, while smaller than many on the street, offers manageable outdoor space with lower maintenance demands. This property would suit first-time buyers, downsizers, or pragmatic investors seeking a lower-barrier entry into the market without overextending. It’s a home for those who prioritize location and financial sensibility over sheer size, viewing the smaller footprint as an opportunity for efficient living or a strategic starting point.

A less obvious perspective is its relative modernity within the context of Point Road; built in 1952, it is newer than many neighborhood homes (ranking in the top 15% locally for year built), suggesting potentially fewer concerns related to very old infrastructure.

Section 2: Frequently Asked Questions

1. Is the living space too small?
At 978 sqft, the home is notably cozier than the neighborhood average. It requires efficient use of space and would suit individuals, couples, or small families comfortable with a more compact layout.

2. How does the assessed value compare to recent sales?
The home last sold between $300k-$350k in August 2019. Its current $370k assessment is in line with area averages, but verifying exact recent sale prices for comparable homes is recommended for a precise market valuation.

3. What are the implications of the smaller lot size?
The lot is significantly smaller than most on Waterford Avenue. This means less yard maintenance and lower potential landscaping costs, but also limited space for expansions, large gardens, or extensive outdoor recreation.

4. Is the property a good investment for the area?
Its value ranks around the middle for the street and neighborhood, suggesting it’s priced consistently with its peers. Its appeal as an investment would hinge on its condition and the potential to add value within its smaller footprint, given the generally desirable location.

5. How can I get precise historical sale data for this property?
The provided sold price is an estimated range. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as they do not display MLS records directly.