Property Overview
This home at 31 Greensboro Bay presents a balanced offering in Winnipeg’s Waverley Heights neighborhood. Its primary appeal lies in a generous, above-average lot paired with a home of very standard proportions, creating a canvas for future expansion or outdoor living. Built in 1979, it is newer than many comparable homes in the city.
Key Characteristics & Appeal
The standout feature is the 7,725 sqft lot, which is significantly larger than most on its street and in the wider area. This offers rare potential for gardening, recreation, or expansion in a mature neighborhood. The house itself, at 1,134 sqft, is unassuming and squarely average in size for its location, suggesting a practical layout without excess. Its assessed value is currently below the neighborhood average, which could indicate an opportunity for equity growth through updates. This property would suit first-time buyers or downsizers looking for a manageable home with valuable land assets, or investors who see potential in the lot size and the home’s solid, average foundation. Its appeal is pragmatic: you’re purchasing space and possibility, not a finished premium product.
Frequently Asked Questions
1. Is the home smaller than average?
The living area is very typical. It is almost identical to the neighborhood average and only slightly below the city average, making it a standard-sized home for the area.
2. Why is the assessed value below the neighborhood average?
While below the Waverley Heights average, it is close to the citywide average. This could be due to the home’s condition, specific features, or the timing of assessment relative to upgrades. It presents a potential value entry point into the neighborhood.
3. What are the implications of the larger lot?
Beyond extra yard space, a lot size that ranks in the top 10% on the street can offer better privacy, more natural light, and long-term value. It may also provide more flexibility for future additions, like a garage, deck, or garden suite, subject to zoning.
4. The home was built in 1979. What should I consider?
This build date is newer than many Winnipeg homes. Buyers should still plan for a standard inspection focused on aging components common to that era, such as original roofing, windows, or plumbing, while appreciating that major systems may have already been updated.
5. How does this property truly compare to its immediate neighbors?
The data shows it’s a home of contrasts on Greensboro Bay: it sits on one of the largest lots but contains a very average-sized house with a slightly below-average assessment for the street. This suggests the value is weighted toward the land itself, offering a different proposition than a fully renovated home on a standard lot.