Property Overview
This home at 14 Swan Lake Bay presents a compelling blend of space, value, and location within Winnipeg's Waverley Heights neighborhood. Its primary appeal lies in its generous, above-average lot size of nearly 9,000 sqft—a standout feature that ranks within the top 15% on its own street and the top 8% for the wider area. This offers significant outdoor potential that is increasingly rare. The living area (1,144 sqft) is comfortably above the street average, providing ample interior space.
The property’s assessed value of $444k sits consistently above local and city averages, suggesting strong intrinsic value and desirability for the street and neighborhood. Built in 1978, the home is typical for its immediate street but is notably newer than many in the broader city context.
This home would suit buyers prioritizing outdoor space for gardening, recreation, or future expansion over a brand-new build. It’s ideal for those who value a established, tree-lined street where the property itself offers more land than most neighbors. It also appeals to the value-conscious buyer looking for a home with assessed value that outperforms its peers, indicating a solid investment in a stable area.
Frequently Asked Questions
Q: How does the lot size compare to typical properties?
A: The lot is a key feature. At 8,995 sqft, it is substantially larger than the averages for the street, neighborhood, and city, placing it in the top 8-15% of comparable properties. This is a significant advantage for privacy, outdoor living, or future projects.
Q: Is the assessed value high for the area?
A: Yes, the assessed value is above average at every level—street, neighborhood, and city-wide. This generally reflects the property's combined attributes (like the large lot) and may indicate a premium position or condition relative to peers.
Q: What does the "around average" ranking for the living area mean?
A: While the living area is slightly above the average for Swan Lake Bay street itself, it ranks as average when compared to the broader Waverley Heights neighborhood and city. This means the interior space is comfortable and competitive, but the standout feature is the land it sits on.
Q: The home was built in 1978. Is that a concern?
A: The year built is typical for the street. However, it ranks "above average" for the neighborhood, meaning it is newer than many surrounding homes in Waverley Heights. Buyers should plan for expected maintenance and potential updates common to homes of this era.
Q: Are these rankings a guarantee of property value?
A: No. These rankings are a useful snapshot of how this property compares statistically to others based on specific data points. They highlight strengths (like the lot size) and context but do not replace a professional inspection or consideration of interior condition, layout, and personal suitability.