Property Overview: 138 Swan Lake Bay, Waverley Heights
Section 1: Key Characteristics & Appeal
This home at 138 Swan Lake Bay presents a solid, well-proportioned offering in the Waverley Heights neighborhood. Its key appeal lies in its balanced metrics and above-average lot size. With 1,076 sqft of living space and a 6,883 sqft lot, the property sits comfortably around the average for its immediate street but gains distinction at the neighborhood and city level for its generous land area, ranking in the top 25% locally. Built in 1978, it is slightly newer than many homes in the wider Winnipeg area.
The appeal here is one of consistency and potential. It’s a property that doesn’t stand out for extreme size or value, but rather for being a reliable entry in a stable setting. The assessed value of $400k is aligned with its street and neighborhood, suggesting a fair market position. This home would suit a first-time buyer or downsizer looking for a manageable footprint without compromising on outdoor space, or an investor seeking a property with fundamentals that track closely with area norms, minimizing unexpected premiums. A thoughtful perspective is that its "average" rankings across several categories can be a strength, indicating a lower risk of over-improvement for the area and a blank canvas for personalization.
Section 2: Frequently Asked Questions
1. Is the living space smaller than average?
Yes, but only slightly. At 1,076 sqft, it is modestly below the average for its immediate street (1,158 sqft) and neighborhood (1,239 sqft). This suggests a efficient, manageable layout.
2. How does the lot size compare?
This is a standout feature. The 6,883 sqft lot is larger than approximately 75% of comparable properties in Waverley Heights and 82% city-wide, offering significant outdoor space relative to many homes.
3. What does the assessed value tell me?
The $400k assessment is very close to the averages on its street and in its neighborhood, indicating the property is valued consistently with its direct peers. It is assessed higher than the citywide average, reflecting its desirable neighborhood.
4. Is the home older or newer for the area?
Built in 1978, it is typical for its street and slightly newer than the Winnipeg average. Within Waverley Heights specifically, it ranks in the top 18%, meaning it is newer than most comparable homes in the neighborhood.
5. Are these rankings a good sign?
The rankings show a property with balanced, middle-of-the-road characteristics for its immediate location, with land size as a positive outlier. This pattern often indicates a stable, predictable property rather than one with extreme highs or lows.