Property Overview
This 1977-built home at 115 Quincy Bay presents a distinct profile. At 998 sqft, its living space is notably compact compared to most homes on its street, in the Waverley Heights neighborhood, and across Winnipeg. However, this is balanced by a generous 7,243 sqft lot that ranks well above average at every geographic level. The property’s assessed value for taxes is consistently around the average for its immediate area. The appeal here lies in the land itself—offering significant outdoor space and potential in a mature neighborhood—paired with a modest, manageable home. It would suit a first-time buyer, a downsizer seeking lower maintenance without sacrificing yard size, or an investor looking for a property where the land may hold more long-term value than the existing structure.
Key Details & FAQs
1. Is the house too small?
The living space is approximately 25% smaller than the average home on Quincy Bay. It’s a compact layout ideal for individuals, couples, or those comfortable with efficient living. The trade-off is the larger-than-average lot.
2. What does the tax assessment tell us?
With an assessment near the street and neighborhood average, it suggests the property is viewed as fairly typical for the area by municipal assessors, neither premium nor undervalued based on its current state.
3. Is a 1977 home considered old?
On Quincy Bay, it’s actually slightly newer than the street average. For Winnipeg overall, it’s close to the typical age. This era of home may have undergone some updates, but buyers should budget for systems (roof, HVAC, windows) common to houses of this vintage.
4. What are the advantages of such a large lot?
The lot is a standout feature, offering ample space for gardening, recreation, expansion (subject to zoning), or simply more privacy than smaller parcels. It provides a sense of space the interior does not.
5. How should I interpret the ranking data?
The rankings compare this home to similar properties in three circles: its street, neighborhood, and city. They highlight its primary contrast: a living space ranking in the bottom quartile paired with a land size ranking in the top quartile. This isn’t typical, making direct comparisons to other listings more important.