71 Greensboro Bay

Property Overview: 71 Greensboro Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated home on Greensboro Bay in Waverley Heights presents a compelling blend of space, modernity, and established community. Its key appeal lies in its above-average living area of 1,591 sqft, which ranks in the top 11% for its street and top 14% for the neighborhood, offering more interior room than most comparable local homes. Built in 1981, it is notably newer than surrounding properties, ranking #1 on its street for year built—a practical advantage that can suggest updated building standards and potentially fewer immediate maintenance concerns.

The property stands on a generous 6,887 sqft lot, providing ample outdoor space that is larger than most in the immediate area. Its assessed value is consistent with local averages, indicating a market-friendly position without a premium price tag for its desirable traits.

This home would suit buyers looking for a move-in ready property in a mature neighborhood who prioritize interior space and a relatively newer build over a brand-new construction project. It’s ideal for growing families needing room to expand, or for those who appreciate a larger yard within the city. The data suggests a property that offers tangible, above-average benefits on its street and in Waverley Heights, without the volatility of a top-tier citywide price point.

Section 2: Frequently Asked Questions

1. What does it mean that the home is "newer" than others on the street?
Built in 1981, this home is the newest among the 53 comparable properties on Greensboro Bay. In practical terms, this often translates to features and construction methods from a more recent era, which can influence everything from window design to electrical systems, potentially reducing the need for near-term modernizations.

2. The living area is above average for the street, but around average city-wide. How should I interpret this?
This highlights the home’s local strength. You are getting more interior space than most of your immediate neighbors, which is a key comfort factor. The city-wide average includes a vast mix of home types and eras; here, the data confirms this property offers a size advantage within its own, desirable community context.

3. Is the assessed value a good indicator of the listing or sale price?
The assessed value is for municipal tax purposes and shows the home is valued in line with its neighborhood. It’s a useful benchmark confirming the property isn’t an outlier, but the final sale price will be determined by current market conditions, the home’s specific condition, and buyer demand.

4. How significant is the lot size?
At nearly 6,900 sqft, the lot is larger than about 75% of lots in Waverley Heights. This offers valuable outdoor space for gardening, recreation, or future additions like a deck or shed—a premium in established neighborhoods where lot sizes can vary significantly.

5. The rankings show "Above Average" for most metrics. Does this mean the property is exceptional?
It indicates a consistently strong performer within its local context, particularly for living space and modern build. It’s a property with multiple solid advantages rather than one standout flaw. This consistency across categories often points to a balanced, desirable home that meets many common buyer priorities without requiring compromises.