Property Overview
This well-situated home at 1174 Markham Road in Winnipeg's Waverley Heights neighborhood presents a solid, above-average opportunity within its immediate streetscape. Its key appeal lies in offering more space and a higher assessed value than most direct neighbors, suggesting a property that stands out on its block. With 1,262 sqft of living area, it ranks in the top 10% on its street, and its assessed value of $413k is also above the street average. The lot size is generous for the street. While the 1974 build date is newer than many citywide comparables, it is slightly older than the average home in the broader Waverley Heights area.
This property would suit a practical buyer looking for a home that offers a bit more than its immediate surroundings without a premium citywide price tag. It’s ideal for someone who values being on a street where this home is a top-tier performer in terms of size and value. It also appeals to those who appreciate established neighborhoods with mature infrastructure and landscaping.
Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows this home outperforms its direct neighbors on Markham Road, ranking in the top 21% for value and top 10% for living space. However, within the wider Waverley Heights neighborhood, it sits closer to the average, indicating you're getting a leading property on its specific block.
2. The home was built in 1974. Is that a concern?
It depends on perspective. It's newer than the Winnipeg citywide average for comparable homes. While it's slightly older than the average in Waverley Heights, this often means the neighborhood's major development phase was complete, resulting in established greenery and settled infrastructure.
3. What does the "Above Average" assessed value on the street indicate?
It suggests the municipal assessment sees this property as more valuable than most on its block. This can be a marker of better condition, additions, or desirable features. It's important to verify this with a current market appraisal and home inspection.
4. Is the lot size a good fit for a family?
At 5,499 sqft, the lot is larger than the average on Markham Road, providing good outdoor space. It is slightly smaller than the neighborhood and city averages, but likely offers a manageable yard with room for recreation and gardening without excessive upkeep.
5. Who would this property not suit as well?
Buyers seeking a home that is also a top performer in the broader neighborhood or city by metrics like newness or lot size may find it average. It's best for those who prioritize a strong position on their specific street and value the character of an established, mid-70s build.