This is a brand-new home (built 2024), ranking in the top 1% of Winnipeg for construction year. Its living area (2,180 sq. ft.) is slightly below the average on its street but significantly above the citywide average—landing it in the top 7% of homes across Winnipeg. The assessed value of $671,000 is below the street average of $733,400 but well above the neighbourhood and citywide averages, placing it in the top 5% citywide. The lot size (5,293 sq. ft.) is below average for both the street and the neighbourhood, but sits near the median for the city.
The appeal lies in the balance between newness and value. While the lot is modest for the Waverley West B neighbourhood (where large lots are common), the home itself is among the newest in the area, and its assessed value is notably lower than other homes on the same street. This suggests a property that offers a newer build at a more accessible price point relative to its immediate neighbours—without sacrificing citywide desirability.
This property would suit buyers who prioritize a modern, low-maintenance home over a large yard. It’s a strong fit for someone looking to enter a newer neighbourhood without paying a premium for the largest lot, or for those who want a home that compares favourably citywide in both age and living space, even if it’s not the standout on its block.
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Why is the assessed value lower than the street average, but much higher than the city average?
The street (Siddiqui Ridge) has several high-value homes that pull the average up. This property sits below that street average, but when compared to the rest of Winnipeg, it’s still in the top 5% for assessed value. In short, you’re getting a home that is more affordable than others on its own street, but expensive relative to the city at large.
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Does the smaller lot size affect resale value?
It could, depending on the buyer. In Waverley West B, where lot sizes average 12,967 sq. ft., this property’s 5,293 sq. ft. lot is notably smaller. That may appeal to buyers who don’t want yard maintenance, but could be a limiting factor for those seeking space for gardens, garages, or future additions. Citywide, the lot size is average.
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How does the living area compare to other homes in the neighbourhood?
It’s above average. The neighbourhood average for living area is 1,993 sq. ft., and this home is 2,180 sq. ft. So despite having a smaller lot, the interior space is larger than most comparable homes in Waverley West B. It ranks in the top 26% of the neighbourhood for living area.
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Is the home one of the newest on the street?
Yes. It was built in 2024, and it ranks #1 out of 12 homes on Siddiqui Ridge for construction year. In fact, the average home on this street was also built in 2024, meaning the entire street is quite new. But citywide, this home is in the top 1% for newness.
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How can I see how this property compares to nearby homes?
There is a neighbourhood analysis page that lets you view this property on a map alongside nearby houses. You can compare year built, living area, assessed value, and lot size in more detail. The link is provided on the property page: “Open neighbourhood map analysis.”