Property Overview: 23 Lake Albrin Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home on Lake Albrin Bay in Waverley Heights presents a practical opportunity in a desirable location. Built in 1978, its 1,040 sqft living area is modest, particularly for the street, which features larger homes on average. However, this translates to a more manageable footprint for maintenance and heating. The assessed value aligns closely with city and neighborhood averages, suggesting a fair market position.
The appeal lies in its balance and location. The lot size is perfectly usable at just under 6,000 sqft, offering good outdoor space without being overwhelming. A thoughtful perspective is that while the home is smaller than some neighbors, it sits on a street where property values are consistently strong, indicating a stable and sought-after enclave. This property would suit first-time buyers looking to enter a mature neighborhood, downsizers seeking a single-level home (assuming bungalow layout), or value-focused buyers who prioritize location and land over sheer interior size. It’s a home that offers community prestige with a relatively efficient scale.
Section 2: Frequently Asked Questions
1. Is the house significantly smaller than others in the area?
Yes, at 1,040 sqft, the living area is below the average for both the immediate street and the wider Waverley Heights neighborhood. This is the home’s most notable compromise.
2. Does the lower square footage mean it’s a poor value?
Not necessarily. The assessed value is consistent with city and neighborhood averages, suggesting the market recognizes the value of the location and lot. You are effectively paying for the setting and land, with a more compact home.
3. What are the advantages of a smaller home on this street?
Lower utility costs, less interior maintenance, and a more manageable space to furnish and keep clean. It also may present less daunting renovation projects if updates are desired.
4. How does the lot size compare?
At 5,999 sqft, the lot is slightly below the street average but aligns with the city average. It is a generous, standard-sized residential lot that provides ample yard space.
5. The home was built in 1978. What should I consider?
This is a typical age for the neighborhood and street. It means potential major components (like roof, windows, furnace) may be at or past their typical lifespan, so a thorough inspection is crucial. Conversely, homes from this era often feature good room proportions and mature landscaping.