Property Summary: 3 Quincy Bay, Waverley Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a practical opportunity in the Waverley Heights neighborhood. Its key characteristic is balance: with 1,076 sqft of living space, it sits comfortably around the average for both its street and local area, offering a manageable size for everyday living. The 1976 build date places it in a mature, established streetscape.
The appeal here is grounded in value and potential. The assessed value is notably below the street average, which could indicate a more accessible entry point into a desirable lane. While the lot size is smaller than others on Quincy Bay, it remains on par with the neighborhood norm, offering lower maintenance without sacrificing outdoor space. This property would suit a first-time buyer looking for a solid starter home in a stable area, or a downsizer seeking a manageable property without leaving a well-regarded community. A thoughtful buyer might see the below-average metrics for the street not as drawbacks, but as a chance to add value in a context where surrounding homes set a strong benchmark.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 1,076 sqft, the home is slightly below the citywide average but is very typical for both Quincy Bay and the wider Waverley Heights area. It represents a standard, efficient layout for the era.
2. Why is the assessed value lower than the street average?
The assessed value of $374k is below the Quincy Bay average of ~$412k. This can be influenced by factors like the home's specific condition, updates, and its smaller lot size relative to immediate neighbors. It's a key point for valuation discussion.
3. What does the lot size mean for me?
At 5,919 sqft, the lot is the smallest on Quincy Bay but is essentially average for the neighborhood. This typically translates to less yard maintenance while still providing private outdoor space.
4. Is a 1976 home a concern?
Built in 1976, the home is slightly older than most on its street and in the neighborhood. This is common for the area and suggests due diligence during inspection is wise, but it also places the home in a period of generally solid construction.
5. How does this property compare to the wider market?
Citywide, this home is average in living space and value, but sits on a slightly smaller-than-average lot. Its primary context is its immediate street and neighborhood, where it offers a competitively priced option in a sought-after location.