Property Overview
This home at 135 Quincy Bay in Winnipeg's Waverley Heights neighborhood stands out for its substantial size and premium value within its immediate surroundings. Its primary appeal lies in offering more space—both indoors and out—than most comparable properties nearby, positioning it as a top-tier option on its street.
Key Characteristics & Ideal Buyer
The home's most defining feature is its generous 12,426 sqft lot, which ranks in the top 3% citywide and top 2% within the neighborhood. This provides exceptional outdoor space, rare for the area. Combined with an above-average living area of 1,821 sqft, the property offers significant room to grow or enjoy. Built in 1977, it is typical for its street and neighborhood in age.
Financially, it is assessed at $522k, which is the highest value on its street (top 2%) and ranks in the elite 5% for its neighborhood. This indicates it is considered a premium property by assessors, likely due to its size, condition, or improvements.
This property would best suit buyers who prioritize space and established value over a newer build. It's ideal for someone looking for a large yard in a mature neighborhood, or for a buyer who sees the high assessment value as a marker of a solid, well-regarded investment within the community. It appeals to those who want a home that already outperforms its immediate peers in key metrics.
Frequently Asked Questions
Q: What does the "elite" ranking for assessed value actually mean?
A: It means the municipal property assessment for this home is among the highest compared to similar homes. On its street of 54 comparable properties, it ranks #1. This often reflects a combination of lot size, living area, and property condition.
Q: Is the house older than most in Winnipeg?
A: It's slightly newer than the citywide average for comparable homes (1977 vs. 1966). On its specific street and in Waverley Heights, it is very typical, built right around the average year of 1978.
Q: How does the lot size compare to nearby properties?
A: It's significantly larger. The lot is over 5,000 sqft bigger than the neighborhood average and ranks in the top 25 out of 1,633 similar properties in the area, offering a substantial private yard.
Q: Are the rankings based on the whole city or just similar homes?
A: All rankings are based on groups of "comparable homes," not all properties citywide. This ensures comparisons are fair, typically grouping homes of similar type, age, and location.
Q: What might explain the high assessment value relative to the home's age?
A: While the build year is average, the high value is strongly linked to its much larger-than-average lot size and living area. Major renovations or premium features not detailed in the basic data can also contribute to a higher assessment.