11 Karschuk Bay

Property Overview

This 2023-built home at 11 Karschuk Bay offers a compelling blend of modern living and established value. Its primary appeal lies in its exceptionally spacious interior relative to the broader market, housed within a brand-new, low-maintenance structure.

Key Characteristics & Buyer Profile

The standout feature of this property is its generous 2,678 sqft of living space. This places it in the top 5% of homes in the Waverley West B community and the top 2% city-wide, making it a notably large home for a growing or multi-generational family. As a 2023 build, it promises modern construction standards, energy efficiency, and freedom from immediate major repairs, ranking it in the top 1% for newness across Winnipeg.

Its assessed value for taxes is strong, positioned within the top 3% of the city, which underscores its substantial build quality and finishes. Interestingly, while the home itself is large and new, the lot size is more modest compared to others on the street and within the community. This creates an efficient balance: ample indoor space for living and entertaining, with a manageable yard that requires less upkeep—a practical fit for professionals or families seeking luxury of space without the burden of extensive grounds.

This home is ideally suited for buyers who prioritize modern, move-in-ready condition and maximum interior square footage over a vast garden. It appeals to those looking for a high-quality, newly constructed home in a desirable area, with the statistical backing of its superior size and value ranking city-wide.

Frequently Asked Questions

1. How does the lot size impact the property?
While the lot is smaller than the community average, it is close to the city-wide average. This typically translates to less yard maintenance and a focus on the home's interior and immediate outdoor living spaces, which may be preferable for many modern buyers.

2. What do the exceptional rankings for living space and assessed value actually mean?
Being in the top 2-5% for living space city-wide means you are getting significantly more interior room than the vast majority of Winnipeg homes. The high assessed value ranking suggests the property's construction quality and market valuation are well above average, which is a positive indicator for long-term value.

3. The home was built in 2023. Are there any builder warranties potentially still in effect?
Yes, it is very likely that the original builder's warranties on major components (e.g., structure, envelope) are still active. This should be confirmed with the seller, as it provides valuable peace of mind for a new homeowner.

4. The tax assessment is high. What should I expect for annual property taxes?
With an assessed value of approximately $734,000, property taxes will be correspondingly higher than a home with a city-average assessment. It's advisable to use the city's current mill rate to calculate an estimated annual tax bill for your budget planning.

5. The home ranks "close to average" on its street for some metrics. Is that a concern?
Not necessarily. Karschuk Bay appears to be a street of very new, high-quality homes (average build year 2023). Being close to average here means it is keeping pace with other desirable properties, not falling behind. The home's true distinction is revealed when compared to the wider community and city.