Property Overview: 104 Greensboro Square, Winnipeg
Key Characteristics & Appeal
This 1978-built home in Waverley Heights presents a practical and affordable entry point into a well-established neighborhood. With 1,027 sqft of living space and a 2,801 sqft lot, its key characteristic is its compact efficiency. The appeal lies in its value proposition: the home has an assessed value significantly below the local street and neighborhood averages, offering potential for buyers priced out of larger homes in the area. It ranks as newer than many homes in its immediate vicinity, suggesting potentially fewer immediate age-related concerns than some neighbors.
This property would suit first-time buyers, downsizers, or investors seeking a lower-maintenance footprint. Its below-average lot size means less yard work, which could be a benefit for those seeking a simpler lifestyle. The data suggests it’s a modest home on a street and in a neighborhood where most properties are larger and more valuable, making it a pragmatic choice for gaining a foothold in the community without a premium price tag.
Frequently Asked Questions
1. Is this a small home?
Yes, relative to its surroundings. At 1,027 sqft, the living area is below the average for the street, neighborhood, and city. The lot size is also considerably smaller than typical local properties.
2. Why is the assessed value lower than the neighborhood average?
The lower assessment is closely tied to the home's smaller living area and lot size compared to nearby properties. It reflects its more compact scale within a market of generally larger homes.
3. What does the "newer" build year ranking mean?
While built in 1978, it ranks as newer than many comparable homes on its street and in the wider neighborhood. This doesn't imply it's modern, but that it may be from a later construction phase than many surrounding houses.
4. Who would this property not suit?
It may not suit buyers looking for ample indoor space, a large yard, or a property at the top end of the neighborhood's market. Those prioritizing size and expansive outdoor space would find better options nearby.
5. Where does this home rank citywide?
Its citywide ranking is mixed. It sits around average for value and age but is in the bottom 10% for lot size. This highlights its primary trade-off: a smaller parcel of land in exchange for a competitive entry price into the Winnipeg market.