Property Overview: 1156 Markham Road, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a practical and competitively positioned offering in the Waverley Heights neighborhood. Its key appeal lies in its balance of space, value, and a well-maintained vintage.
The 1,099 sqft living area is consistently "close to average" for its immediate street, neighborhood, and the wider Winnipeg market, indicating a comfortable, mid-sized layout that meets typical family needs without excess. A standout feature is the 1975 build year, which ranks in the top 2% on its street, suggesting it is one of the newer homes on Markham Road and may have benefited from updates or construction standards of that era.
The property’s assessed value for taxes is notably below the neighborhood average, which can translate to a relatively lower property tax burden—a significant, ongoing cost saving for a buyer. This value positioning, combined with the solid living space, creates a compelling efficiency proposition.
The lot size is compact at 2,290 sqft, significantly smaller than area norms. This reduces exterior maintenance demands and may appeal to those seeking a manageable yard. The trade-off is less private outdoor space, positioning this home better for busy professionals, small families, or downsizers rather than those prioritizing extensive gardening or recreation.
In summary, this home suits value-conscious buyers looking for a low-maintenance, move-in-ready property in a established neighborhood. It’s ideal for first-time homeowners seeking a sensible entry point, or practical investors and downsizers who prioritize interior space and modern conveniences over a large lot.
Section 2: Frequently Asked Questions
1. How does the smaller lot size actually benefit me?
While offering less space for gardening or play, the compact lot significantly reduces the time and cost required for lawn care, landscaping, and general upkeep. This can be a major advantage for busy households or those looking to minimize weekend chores.
2. The build year is a top ranking on the street. What does that imply?
Being one of the newer homes (1975) on its block suggests it may have newer major systems (like electrical or plumbing) compared to older neighbors and potentially a layout that feels more modern. It’s a sign of relative modernity within an established streetscape.
3. The assessed value is below the neighborhood average. Is that good?
Yes, this is generally positive for an owner-occupant. A lower assessment typically leads to a lower annual property tax bill compared to similar-sized homes in Waverley Heights, representing long-term savings. It does not necessarily reflect the market sale price.
4. What does "living area close to average" really mean for daily life?
It means the home’s size is squarely within the mainstream for Winnipeg. You can expect a standard number of bedrooms and living areas suitable for a typical family, without the premium cost or heating bills of a much larger home, nor the potential constraints of a significantly smaller one.
5. Who might this property not be ideal for?
Buyers with multiple children or who desire ample private outdoor space for pets, gardening, or entertaining may find the lot size limiting. Those specifically seeking a historic character home or a brand-new build might also look elsewhere, as this property represents a well-kept, practical option from the 1970s.