Property Overview
This 1978 bungalow at 10 Sandy Lake Place in Waverley Heights presents a specific and practical value proposition. At 809 sqft, it is notably more compact than most homes on its street, in the neighborhood, and across Winnipeg. This is reflected in its assessed value of $310k, which is below the local area average but aligns more closely with the citywide benchmark. The lot size of 3,161 sqft is also smaller than typical comparisons. However, its 1978 build date is among the newest on its street. The appeal here lies in efficiency and entry-point accessibility. It suits first-time buyers seeking a manageable, lower-maintenance home in a stable neighborhood, or investors looking for a practical rental property. It’s a home for those who prioritize financial feasibility and simplicity over space, offering a chance to enter the market without the burden of a larger, more expensive property's upkeep and costs.
A less obvious perspective is that a smaller, more affordable home on a street of larger, higher-valued properties can be a strategic long-term hold. As surrounding homes appreciate, this property benefits from the rising tide of the area while maintaining its inherent affordability for future buyers. It represents a leaner footprint, both financially and physically.
Frequently Asked Questions
1. Is this a good value for the money?
The assessed value is below the averages for both Sandy Lake Place and Waverley Heights, suggesting a competitive entry point for the area. You are paying less, but also getting less square footage, which aligns with the price.
2. Who is this home best suited for?
It is ideally suited for first-time homebuyers, downsizers, or investors. Its smaller size means lower utility costs and less maintenance, while its price provides a more accessible path into the neighborhood.
3. How does the smaller living area and lot size impact daily life?
The floor plan will be compact, requiring efficient use of space. The smaller yard means less outdoor maintenance but also less private outdoor space for activities or gardening compared to neighbors.
4. The build date is "Elite" for the street. What does that mean?
It means this home, built in 1978, is newer than most on Sandy Lake Place. This can imply potentially newer major components (like roofing, wiring, or plumbing) compared to older neighboring homes, possibly reducing immediate repair costs.
5. Are there any concerns about resale value?
The property's defining characteristics—its smaller size and value—are consistent. Its future marketability will likely always be to a similar buyer profile: those seeking affordability in the area. It may not appreciate at the same rate as larger homes on bigger lots, but its lower price point maintains a steady demand.