47 Karschuk Bay

Property Overview

This property stands out for its generous scale and modern construction within a well-regarded Winnipeg neighborhood. Its primary appeal lies in offering substantial, contemporary living space that ranks highly not just locally, but across the entire city. Built in 2023, it presents a move-in-ready home with the benefits of new construction, including modern building standards and minimal immediate maintenance.

Key Characteristics & Target Buyer

The home’s most defining feature is its significant 2,654 sqft of living area. This places it in the top 6% of its immediate community (Waverley West B) and an impressive top 2% city-wide, indicating a level of spaciousness rare for Winnipeg. Complementing this is a high municipal assessment of $835,000, which also ranks in the top 2% city-wide, reflecting its perceived value and premium positioning.

Its appeal is multifaceted: buyers receive a modern home without the wait or hassle of building, coupled with interior space that offers long-term flexibility for growing families, home offices, or entertainment. The lot size of 5,833 sqft is consistent with newer subdivisions, providing a manageable yard with space for outdoor living.

This property is ideally suited for buyers who prioritize space, modern amenities, and a turnkey solution. It would particularly suit growing professional families seeking a substantial home in a newer community, or those relocating from larger markets who expect above-average square footage. It also appeals to value-conscious buyers who understand that its top-tier city-wide rankings in both size and assessed value suggest a strong, enduring asset in the broader market.

Frequently Asked Questions

1. How does the property tax assessment compare to likely market value?
The assessment of $835,000 is a strong indicator of municipal valuation for tax purposes. It ranks very high locally and city-wide, suggesting the home is viewed as a premium property. Market value can differ based on current conditions, but this assessment provides a credible baseline anchored in official data.

2. The lot seems smaller than the community average. Is that a concern?
The lot is slightly above average for its specific street but smaller than the broader community average, which includes many older homes on larger plots. This is typical for newer subdivisions. The trade-off is a much larger and newer house on a manageable lot, which often aligns with modern preferences for low-maintenance outdoor space.

3. What does the "top 2% city-wide" ranking for living space really mean?
This statistic is a powerful differentiator. It means that out of nearly 200,000 comparable properties in Winnipeg, only about 4,000 have more living space. It highlights the rarity of finding a home of this scale, especially one that is newly built, offering a unique combination of size and modern condition.

4. As a 2023 build, what can I expect regarding builder warranties?
Being a one-year-old home, it should still have significant coverage under the original builder’s warranty, including major structural elements. A key due diligence step would be to review the specific remaining warranty terms and transfer process.

5. The home ranks highly, but what about the neighborhood's overall character and amenities?
The rankings focus on the physical asset. Waverley West is a developing family-oriented area. Prospective buyers should research community plans, school catchments, transit access, and nearby retail to ensure the neighborhood's growth trajectory and amenities match their lifestyle needs.