134 Swan Lake Bay

Property Summary: 134 Swan Lake Bay, Waverley Heights, Winnipeg

Section 1: Overview & Appeal

This well-situated home on Swan Lake Bay presents a compelling opportunity in the Waverley Heights neighborhood. Its key characteristic is a strong, balanced profile across multiple metrics, offering above-average space and value within its immediate context.

The appeal lies in its relative standing. The 1,120 sqft living area is notably above the street average, suggesting a home that offers more interior space than many of its direct neighbors. More significantly, the property sits on an 8,101 sqft lot, which is substantially larger than both the neighborhood and city averages, providing valuable outdoor space and potential. With an assessed value of $440k, it ranks highly on its street and in the area, indicating perceived value that outpaces many comparable homes.

This property would suit practical buyers looking for a solid, established home in a mature neighborhood. It’s ideal for those who prioritize a generous lot over a brand-new build, and for buyers who appreciate a home that performs well in its immediate micro-market (its street) while also offering standout features (like lot size) in the wider area. It represents a grounded choice for someone seeking space and established community character over a modern or downtown-centric lifestyle.

Section 2: Frequently Asked Questions

1. Is the living area smaller than the city average?
Yes, at 1,120 sqft it is below the Winnipeg average for comparable homes. However, it is actually above the average for its own street and close to the neighborhood average. This highlights the importance of context: it offers more space than most direct neighbors, which can be a key advantage.

2. What does the "above average" assessed value ranking mean?
It means this property’s official assessed value is higher than that of many similar homes on its street, in Waverley Heights, and across Winnipeg. This often reflects desirable attributes (like its large lot) and can indicate stronger market positioning, though it doesn't directly predict final sale price.

3. How does the 1978 build year compare?
While around average for the street and city, it ranks in the top 18% for its neighborhood. This means that within Waverley Heights, this home is newer than most, which can be a positive for systems, layout, and potential renovation needs.

4. The lot size seems to be a major feature. Why is that significant?
The lot is over 8,000 sqft, ranking in the top 13% for the neighborhood and top 11% city-wide. In an established area, a lot this size is a finite asset. It offers greater privacy, room for gardens, play areas, or additions, and typically holds long-term value.

5. Who is the ideal buyer for this home?
The data suggests an ideal buyer is one who values outdoor space and established neighborhoods. It suits a growing family, someone who enjoys gardening, or a buyer looking for a property where the land itself is a primary asset. It’s for those who see the advantage in a home that stands out on its own street for space and value.