Property Summary: 82 Yasmin Ali Crescent
Key Characteristics & Buyer Profile
This is a newly built home (2024) that stands out primarily for its size and freshness, rather than its lot. The living area is 2,162 sqft, placing it in the top 7% citywide for square footage—significantly above the Winnipeg average of 1,342 sqft. On its own street, it ranks 10th out of 60 homes, which means it’s large but not the biggest in the immediate neighbourhood.
The assessed value of $611,000 is also in the top 7% citywide, reflecting the home’s size and new construction. However, within the Waverley West B community, the assessment is right around the average ($629,000), suggesting that the immediate area is already fairly consistent in terms of value for newer homes. The lot size is 4,558 sqft—decent for the street but small relative to the broader community, where older properties often sit on much larger parcels.
The property’s appeal lies in its newness and interior space. It suits buyers who want a move-in-ready home with generous square footage, without paying a premium for a oversized lot. It would also appeal to someone who values being in a newer development with modern finishes, and who is comfortable with a home that’s competitive on size and value but not unusual for its street. A buyer looking for land or privacy likely won’t find it here; this is about interior livability and efficiency.
Five Frequently Asked Questions
1. How does this home’s size compare to others in the area?
It’s larger than most homes on the same street (top 17%) and well above the city average, but within the broader Waverley West B community, it’s slightly above average (top 29%). The neighbourhood has many newer, sizable homes, so this one is competitive but not an outlier.
2. Is the assessed value reasonable for what you get?
The assessment of $611,000 is consistent with other homes in the community, where the average is $629,000. Given that this home was built in 2024 and has above-average square footage, the valuation appears fair. It’s not undervalued, but it’s also not inflated relative to nearby properties.
3. Why is the lot size only average when the house is large?
The lot is 4,558 sqft, which is typical for this street but small compared to older homes in Waverley West B (average 12,967 sqft). Newer subdivisions often prioritize house size over lot size, so this is a trade-off. Buyers who want a big yard may need to look at older homes in the same community.
4. What are the potential downsides of buying in this area?
The community has a lot of newer construction, which means ongoing development, less mature tree cover, and possibly higher property taxes as assessments catch up. The smaller lot also means less outdoor space for expansion or gardening. Buyers should consider whether the premium for a brand-new home outweighs the convenience of an established neighbourhood.
5. How does this property rank for resale value?
Being in the top 7% citywide for both size and assessed value suggests strong fundamentals. Newer homes in well-rated developments tend to hold value well, especially if the community remains desirable. However, the smaller lot could limit appreciation compared to properties with more land, particularly as the area ages and older homes become scarcer.