Property Summary: 98 Greensboro Square
Key Characteristics & Appeal
This 1,036 sqft bungalow, built in 1978, presents a practical and affordable entry point into the established Waverley Heights neighborhood. Its primary appeal lies in its relative value. With an assessed value below the local street and neighborhood averages, it offers a cost-effective way to secure a home in a desirable area. The home itself is of a very typical size for Winnipeg overall, providing adequate space without the premium often attached to larger footprints.
The property is best suited for first-time buyers, downsizers, or value-focused investors. Its compact, 2,564 sqft lot is a defining characteristic: while significantly smaller than most in the area, this translates to minimal yard maintenance—a notable advantage for those seeking a low-upkeep lifestyle. A thoughtful perspective is that the home’s "around average" metrics city-wide, paired with "below average" local pricing, suggest you’re paying less for a perfectly functional home, primarily due to the lot size. This isn’t a sprawling property, but a smart, efficient holding in a well-regarded community.
Frequently Asked Questions
1. Is the living space too small?
At 1,036 sqft, the living area is below the immediate street and neighborhood averages but is very close to the Winnipeg-wide average. It provides typical space for a bungalow and would comfortably suit individuals, couples, or small families.
2. Why is the assessed value lower than the neighbors'?
The assessed value is below local averages primarily due to the home's smaller lot size and living area compared to others on Greensboro Square and in Waverley Heights. It reflects a market valuation for a more compact property.
3. What are the implications of having a much smaller lot?
The lot is less than half the size of the neighborhood average. The clear benefit is drastically reduced yard work. The trade-off is limited private outdoor space and less potential for expansions like large decks or additions.
4. Is the 1978 build date a concern?
The year built is typical for the area and slightly newer than the city-wide average. As with any home of this age, the condition of major systems (roof, windows, furnace) should be verified, but it does not stand out as unusually old for the market.
5. How do you interpret the ranking statistics?
The rankings compare this property to similar homes in three circles: its own street, the wider neighborhood, and all of Winnipeg. "Below Average" on the street but "Around Average" city-wide indicates you’re looking at a modest home within a particularly affluent local context.