1140 Markham Road

Property Overview: 1140 Markham Road, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 1140 Markham Road in Waverley Heights presents a practical and value-oriented opportunity. Its key appeal lies in a specific combination of space, age, and cost efficiency that stands out within its immediate context.

The 1,112 sqft living area is consistently close to the average for its street, neighborhood, and the wider city, indicating a comfortable, mid-sized layout that meets typical needs without excess. A significant characteristic is the 1975 build year, which is notably newer than most homes on Markham Road itself, suggesting potentially fewer immediate concerns with aging infrastructure compared to its direct neighbors.

The most compelling financial aspect is the property tax assessment value of $278,000, which is substantially lower than the averages on its street ($363k), in Waverley Heights ($398k), and across Winnipeg ($390k). This points to a currently lower property tax burden, a concrete and ongoing cost saving for the owner. It’s important to note that the land size is compact at 2,290 sqft, which is below typical averages for the area. This translates to less yard maintenance but also less private outdoor space.

This property would best suit pragmatic first-time buyers or downsizers who prioritize living space and modern construction within a specific budget over a large lot. It’s for those who see value in a home that is newer than its immediate peers and offers a lower tax assessment, allowing them to allocate funds to personalization, savings, or other investments.

Section 2: Frequently Asked Questions

1. What does the low property tax assessment really mean for me?
It directly indicates a lower annual property tax bill compared to similar-sized homes in the area, based on the current municipal assessment. This is a tangible, recurring saving. Be aware that assessments can change upon sale or through municipal review.

2. The house is newer than others on the street. What are the implications?
A 1975 build is relatively newer for the block, which can be advantageous. It may mean updated electrical wiring (like aluminum to copper), plumbing, and insulation standards for its era, potentially reducing the urgency and cost of major system upgrades.

3. The land size is noted as "below average." How will this affect daily living?
You'll benefit from less time and money spent on lawn care and yard maintenance. The trade-off is limited space for extensive gardening, large outdoor gatherings, or future expansions like a sizable deck or addition, which may be constrained by setback bylaws.

4. The living area is described as "close to average." Is that sufficient?
At just over 1,100 sqft, it provides the essential spaces for a household comfortably. It’s a efficient layout that avoids the higher heating/cooling costs and cleaning effort of a larger home, suiting those who prefer a manageable footprint without feeling cramped.

5. How should I interpret the various ranking percentages?
They show how this home compares to others in different geographic circles. For example, being in the top 2% for build year on its street is a strong local advantage. The consistently low rankings for tax assessment highlight its standout value proposition across all comparison levels.