Property Overview
This home at 1199 Markham Road in Winnipeg's Waverley Heights neighborhood presents a balanced offering of space and value. Its key appeal lies in providing above-average living and land area for its immediate street, all within a well-established, mature community.
Key Characteristics & Suitability
The property’s 1,262 sqft living space is notably larger than the average home on Markham Road, placing it in the top 10% for size on the street. It sits on a 6,048 sqft lot, which is also significantly larger than the street average, offering ample outdoor space. With a 1974 build year, it is typical for the street but is among the older homes in the wider Waverley Heights area. The city’s assessed value of $415,000 is above the local street average, reflecting its relative size and positioning.
This home would suit buyers looking for a spacious footprint and a generous yard within a quiet, established area. It’s ideal for those who prioritize indoor and outdoor room over a newer build, and who appreciate a home that stands out in its immediate vicinity for its scale. The value proposition is clear: you are acquiring more house and land than most neighbors on the block, which could be appealing for families or those planning future additions or landscaping projects.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it excels specifically on its own street (Markham Road) in terms of living space and lot size. When compared to the broader Waverley Heights community or the entire city, it becomes more average, which suggests the immediate block consists of slightly smaller, more modest homes.
2. The build year is 1974. Should I be concerned?
The year is average for the street but older than most in Waverley Heights. This doesn’t inherently indicate problems, but it underscores the importance of a thorough inspection. The key will be understanding how well major systems (roof, wiring, plumbing, windows) have been maintained or updated over the decades.
3. Why is the assessed value higher than the street average?
The assessed value is typically driven by factors like living area, lot size, and overall condition. Since this home ranks well above its street average in both square footage and land size, a higher assessment is logical. It’s a formal recognition that the property has more physical assets than many surrounding homes.
4. What does the lot size mean for me practically?
At over 6,000 sqft, the lot is larger than most on the street. This provides more privacy, greater potential for gardening, play areas, or outdoor entertaining, and possibly more flexibility for future projects like a shed or deck, subject to local bylaws.
5. Is this a good value for the neighborhood?
The data suggests a trade-off. You get more physical space (house and land) than is typical for the immediate area, which is a tangible advantage. This is balanced by an older construction date and an assessment that reflects those larger dimensions. Value will depend on how much you prioritize space versus the potential update needs of an older home.